I am already a member of the ICB, qualified to Level II, but wish to study for the Diploma in Payroll Management.
I know that there is a Sage 50 Payroll self study pack (stage 1 & 2) for around £125. Ideal Schools do the course for £499 including fully licensed Sage 50 Payroll software.
How difficult is the ICB Payroll exam? Is there sufficient content in the Sage 50 Payroll Self Study packs to pass the exam or would it be better to go with a training provider like Ideal Schools?
Although the Payroll Management Diploma is taken using software packages (Sage being the default) it is also based on manual systems and using the various tables, so I guess it will depend on your knowledge of the inner workings PAYE and NI. If you have none, I would recommend Ideal Schools course. It is the same course work as the IAB (Think they should offer me a free course with all the recommendations I give for them!!).
If you are fully up to speed on PAYE and NI then the cheaper option is find your way round Sage
Good thing with Ideal Schools is you get to pay it over 10 months. OK - it isn't keeping the costs down, merely spreading them out. But that's the main reason I'll likely be going with them for my next course.
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I am part way through Payroll with AAT, its a very good qualification, and goes back to the basics of knowing how to do payroll manually, I have picked up computerised payroll myself, which is not that difficult. I have mine through premier training, they are very good as well, give them a bell and compare prices maybe.
I am studying the for the Payroll Management Course at the moment with Ideal Schools and for me it is great that I am able to spread the payments and pay monthly. You firstly get a folder full of manual payroll explanations and assignments and then once this is completed, you are sent another folder and the payroll disc to do the computerised section of the course. So far I am onto my fifth manual assignment and I am really enjoying the course. Other than getting a pay slip when I used to work before having children, I had no previous payroll knowledge so for me learning with a provider gives me the confidence that I need. So far I haven't needed any help from them other than marking assignments but it is reassuring to know that they are there if I need additional support and I have heard really good things about Ideal Schools from people on this forum which helped me decide to go with them in the first place.
Do you think its essential to be able to handle payroll manually?
I suppose if someone were to ask me that about bookkeeping i would answer yes, as i learnt to bookkeep manually, not on a computerised system. (AAT Qualified) But - i am bumbling along fairly happily using sage payroll, and am wondering whether i do really need to know all the ins and outs?
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I always believe that you should understand what is happening in the background, so that should you have a power cut/lose your pc/not be at your desk for example, you can still provide your clients with the relevant info. This will give you the ability to be more confident wiht your clients should they ask you a question about payroll - a good answer is not 'let me see what the computer says'!
Yes i suppose you're right. I better sign up too then. I've always been very grateful for doing the AAT foundation even though i was exempt as it set me up well with the basics for the next years.
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Life's a piece of sh*t, When you look at it. Life's a laugh and death's a joke it's true. You'll see it's all a show. Keep 'em laughing as you go. Just remember that the last laugh is on you. And... Always look on the bright side of life.
Payroll is not a complex subject at the basic level, its just a case if using the correct tables!
I spent years doing manual payroll, all self taught, but now its all computerised and has to be for submissions etc. Its so easy just to let the pc do its thing, but how do you know its correct. Its also good to understand tax codes and how they affect the pay etc.
Agree. I couldn't do computerised of anything (at all) without knowing the reason behind the mechanism. Actually I have to admit, it would be so easy just do do things without questioning the reason but I am not the sort of person. ;)
I must admit to being the sort of person that wants to understand how things work rather than just input data into software.
I have been trawling the forum regarding learning payroll.
Would the AAT Payroll Course Companion/Revision books be suitable home study? It looks like these are published each August so I would wait for the new books.
Would I be able to pass the ICB Payroll exam using a combination of the AAT Books and purchasing Sage 50 Payroll Self Study?
Hello Christine. I have done the Sage 50 Payroll self study and passed both levels of the course with Sage.
I have also done the level diploma in Payroll management with the ICB and passed that aswell getting a merit and 93%.
But I believe it was the sage 50 payroll books that helped me. I did not do any courses for the payroll at all. It was all from my sage books! Although there is some manual elements in the exam but I found them quite easy. The Sage 50 payroll books also have manual information in them not just computerised.
Although Ideal schools is great. I am doing two courses this very moment with them, and would recommend them. But as I said I coped quite well with the Sage payroll books.
Being an oldie, before there was such a thing as computerised payroll, I learnt how to do it manually using the tables provided by HMRC (or just Inland Revenue as it was in those days).
I must admit that as things have become more complicated (SSP, SMP, SPP, etc, etc) I think using a computerised system if far far simpler than trying to do things manually with tables.
HMRC are also now fully geared up to everything being computerised and I think this is the best option.
Knowing about tax codes isn't that difficult you just make the 3 figure number a 4 figure one and that is the amount tax free per year. Deviations from the standard 647L (currently) are to take into account over/underpayments in previous years being recouped. Very low tax codes are used for those who are in receipt of a state or private pension yet still work. BR for people who are on a second job and are using their full allowance on their prime job or for people who are employed and also self-employed, and K codes for those on very high earnings.
NI is a bit more complex, particularly with all the added benefits now available and the contributions/time worked for company needed to claim them.
Personally I think that the system needs simplyfing, particularly now that tax is all contained in one department.
I've spent all day trying to get through to the VAT online services helpline as I can't authorise one of my clients for VAT online for some reason. All is get is "all our agents are busy right now try again later" - aaaaarrrrrgh!! I tried e-mailing the query - their response was I need to ring!! I have now gone round the bend!
Did you ring the agents helpline number? I've only ever phoned twice and got through within about 5 rings to someone. I appreciated you probably did but here it is anyway: 0845 366 7855
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Life's a piece of sh*t, When you look at it. Life's a laugh and death's a joke it's true. You'll see it's all a show. Keep 'em laughing as you go. Just remember that the last laugh is on you. And... Always look on the bright side of life.
Tried this morning - and they just gave the original phone number to ring for VAT!!! I asked if there was a magic trick I didn't know about to get through as I have been ringing for 2 days. He said to maybe try again next week as some of the staff had been moved to the Tax Credits helpline - marvellous!!
It may not get you through any quicker but, if like me, you phone includes calls to geographic numbers, at least you have the satisfaction of knowing you wont be paying the extra for calling an 0845 number and at 5p/ minute? that soon adds up.
Good luck Sue, I gave up when I was trying to find out a query I had on EU VAT and got the information myself by trawling on line and asking on forums (or should that be fora???)
I am trying to keep costs down without cutting corners
Hi Christine, working the tables manually is pretty easy and HMRC cover it all for free - contact them for the booklets. These days there are free online payroll sites (eg. Payroo and 12Pay) so you can test out your calculations. It will only take you a day to understand it
I am trying to keep costs down without cutting corners
Hi Christine, working the tables manually is pretty easy and HMRC cover it all for free - contact them for the booklets. These days there are free online payroll sites (eg. Payroo and 12Pay) so you can test out your calculations. It will only take you a day to understand it
You'll get different answers from the tables to the free online calculators when it comes to the national insurance calculations.
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You can do payroll in Pro without a subscription, but it is limited. You will have to manually calculate all taxes and withholdings. You will also have to create all tax forms (including W2's, W3's, 941's, etc.) manually outside of the program.
If you consider all the time you will spend doing these things manually) with a greater likelihood of making a mistake, it might be cheaper to get the subscription. Your time is worth something, isn't it? ========================= Life Insurance | Life Assurance
My advice would be to go self-study. The Sage Instant Payroll course is worth the money: you get Sage Instant payroll (good for 180 days) and the five manuals alone are worth the cost of the pack (£57). These study materials alongside a good review of the the HMRC PAYE / NI guidance notes should see you right.
There's enough in Level III Payroll Management Diploma (ICB) to catch you out, so I think you do need to know your stuff. That said, I spent two weeks studying payroll and completed the ICB Level III Payroll Management Diploma and got 97% - but that took a lot of hard work. My submitted answer paper totalled 40 pages.
There have been comments about "just leaving it up to the computer" - this is not something I would feel comfortable wtih. Even if you are using Sage Payroll, if you subscribe to the Employers Updates you get updated software that includes the new TAX & NI tables each year, but if you don't subscribe to this, then you need to know how these tables work and then update the software tables yourself. In this case you need to know what you are doing - manually.
For me, the Level III Payroll Management Diploma was one of the nicest ICB exams that I've done. Learned a lot and really enjoyed it. Looking through a lot of the posts on this forum, there are many who talk about what they need to do to jump over the next hurdle. Learning isn't about just knowing enough to meet an assignment or an exam, learning is about taking knowledge on board that will stick with you throughout your bookkeeping career.
I've just got the Level III Manual Bookkeeping Diploma to do and then wrap up with Self-Assessment. I'll have achieved all the ICB exams in five months, but the exams are just the start, learning never ends.
Definitely go for the Sage Self Study, definitely worth the money.