Good payroll management is key to running a business. Software packages now calculate tax, National Insurance contributions and other deductions from an employee’s payslip, but it’s still essential to understand the basic concepts behind these calculations.
In this course, you’ll learn the differences between net and gross pay.
You will learn:
- What is meant by the term “gross pay” and how it is calculated.
- What is meant by the term “net pay” and how it is calculated.
- The most common types of deductions shown on a payslip.
- Why a high-quality payroll package is an essential business tool.
- When you should consider manually checking your payroll figures.
This course is part of our Accounting & Finance courses, and pairs well with our Administration & HR training.
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