Sage 50 Course
Our Sage 50 course helps you to use Sage 50 to manage your accounts more efficiently and effectively. A payroll accountant is a professional, accountable to the head of the budget or finance department, who performs supports the organization by maintaining accurate financial records, preparing final accounts and other analysis reports and statements including departmental budgets, collating timesheet information and managing the payroll, ensuring that staff are paid and their Income Tax and National Insurance payments are correctly calculated, paid and reported to HMRC
Here is the list of some important functions that a payroll accountant is expected to perform:
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Preparing documentation and information of internal processes to support the audit team.
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Participate in developing the reporting systems and internal controls over the flow of funds to ensure the smooth operation of the organization.
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Ensure the finance related legal and tax requirements are met.
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Regularly manage the payroll data and provide summarized statistical reports for managerial overview.
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Help the HR department in calculating wages, overtime and Pension Funds.
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Ensuring staff are paid the right amount in a timely manner and maintaining the required records of this.
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Updating the payroll system in the terms of new joining and termination of the employees.
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Updating the payroll records by adding new staff joining the organisation and producing the necessary forms and payments for employees leaving the organisation.
In order to perform the duties and responsibilities efficiently, a payroll accountant needs a thorough knowledge of the relevant rules and processes. A qualifications such as Sage 50 course certification confirms that the individual has the skill, ability and knowledge to perform this role.
Skills
A payroll accountant must be able to deal with routine as well as unusual job conditions. This requires the technical skill to understand both the tax/national insurance rules and how to use the software provided – Sage Payroll is widely used.
Ability
A payroll accountant needs to be able to schedule meetings, meet deadlines and keep the staff data up to date, work as part of a team and handle various complications which may occur within this role.
Knowledge
A payroll accountant needs a basic understanding of maths and a familiarity with the tax regulations. A qualification and experience using one or more of the widely used accounting packages such as Sage and Quickbooks is advantageous. Our Sage 50 Course provides these, confirming to a potential employer that you will be an excellent payroll accountant.
