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Payroll – How to Calculate Net and Gross Pay Certificate

New Skills Academy
Course summary
0.7 hours
40 GBP
Online courses
Next available date: Inquire for more information - Online courses
e-learning / Online / Distance

Course description

How to Calculate Net and Gross Pay

Good payroll management is key to the running of a business. Fortunately, this is a relatively simple matter now that we have software packages able to calculate tax, National Insurance contributions, and other deductions that need to be taken off an employee’s payslip.

However, it is still essential that you understand the basic concepts underlying these calculations. In this course, you will 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 displayed on a payslip
  • Why a high-quality payroll package is an essential business tool
  • When you should consider manually checking your payroll figures
  • Benefits of Taking This Course:

  • If you are responsible for overseeing a payroll at work, this course will help you fulfil your duties
  • This course will prevent you from making mistakes that could cost your business considerable time and money in the long run
  • This course will help you work with employees to resolve any difficulties and discrepancies relating to pay
  • This course will help you decide who requires payroll training in your business, which is useful if you work in an HR or training role
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    Outcome / Qualification etc.

  • 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 displayed on a payslip
  • Why a high-quality payroll package is an essential business tool
  • When you should consider manually checking your payroll figures
  • Training Course Content

  • If you are responsible for overseeing a payroll at work, this course will help you fulfil your duties
  • This course will prevent you from making mistakes that could cost your business considerable time and money in the long run
  • This course will help you work with employees to resolve any difficulties and discrepancies relating to pay
  • This course will help you decide who requires payroll training in your business, which is useful if you work in an HR or training role
  • About provider

    New Skills Academy

    New Skills Academy

    Welcome to New Skills Academy – Part of the Be-a Education Family In November of 2013, a single question was asked: ‘What do you want to learn?’ From there, a vision was born of comprehensive, high quality, and affordable online...


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    Contact info

    New Skills Academy

    Hertford Rd, Ware
    SG12 9LH Hertfordshire

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