I'm looking at doing a payroll course along with my aat l4. I'm eyeing icb's L3 Payroll Management which I would study from home. Can you share your opinion about this course or have any alternative recommendations? How transferable is this knowledge to a bookkeeping practice? The syllabus seemingly covers a lot of topics about payroll. I know I'd have to be a student/member to get this running.
After editing: I forgot to add I'm familiar with basic manual calculations, which I admit isn't difficult at all.
Thank you for your time
Richard
-- Edited by richard2013 on Wednesday 15th of October 2014 04:36:35 PM
With an AAT l3 qualification you could join the ICB as an Associate and put AICB after your name. You could also get a practise licence and open your own bookkeeping business. The ICB payroll course is excellent and Training Link have a fantastic course that also gets you loads of Sage 50 payroll certificates as well (costs £430). The ICB qualification lets you put PM Dip after your name and you would also be covered under their licence.
If you want to go for the employment option then the only answer is the CIPP - Premiere Training do a course for about £800.
If you want the cheapest possible punt (with a good prospect of passing) then do the Sage 50 Payroll course (all the manuals, workbooks, certification and software for six months) on ebay about £150 and then study the HMRC stuff online. Or the real cheap option read the HMRC stuff, use the 12pay express free licence and get an ICB payroll mock exam for both options.
Not sure if it's worth getting an ICB practice licence as the AAT will make you apply for a practice licence through them if you want MAAT status as soon as you finish L4.
That is worth considering.however i need the icb membership,practice licence and the payroll knowledge. I won't be eligible for full membership upon qualification due to lack of experience with aat. That is why I want to set up shop to gain the experience. I know that this sounds foolish to be self employed w/o much experience, but I do not find employment(because of myself)a better option than trying my luck. It is a good period to try since end of jan. is coming.
There is usually deals on groupon for online payroll courses that you can get for about £20 v the real cost of £200-£300.
I got one a few months ago and it is an 18 module course that lasts a year that covers everything from manual payroll, to using HMRC basic tools, to CIS and using payroll software.
Thanks Mark. I haven't encountered groupon yet! What about the quality of the online course? On reviewcentre.com, some people criticised the quality of some of their courses.
If you contact Ideal Schools they may be able to help, they have AAT as well as ICB courses and might be able to advise on the best course combination. Also their Payroll Diploma (the ICB one) comes with full software - not a trial version!
The following link www.bookkeepers.org.uk/Membership/Become-a-Member shows the chart equating the various exam sets between AAT, ACCA etc. and ICB, your Lv4's once you have them, should mean you can apply for MICB by exemption - there are fees involved, obviously!
I am holding off on the Ideal course as the Sage 50 one is £499 and doesn't include any Sage certification. I know it includes a full version of the software - but isn't payroll software usually licensed annually and I don't know many self employed bookkeepers that can afford to use Sage 50 - They usually go for 12pay or Moneysoft.
A good point - then become a QuickBooks Advisor. The software, including unlimited payroll (as I was told on Monday) is available for Accountants and Bookkeepers. It is RTI compliant, I am still checking on AE compliance.
Our course is slightly more expensive due to our software policy, which has always been to provide students with something tangible that can be continued to be used upon completion of training and, indeed, removing any time constraints during their training. Not everybody gets to use their new skills immediately after qualifying and we provide the opportunity for continued practice, well after studies are completed. Regarding the ongoing licensing yes, this is an option, but not essential as you can update the software parameters annually, which the training covers.
No problem Trevor, only if their is a legislative, structural change in the software would an update from sage be required. Also, re any possible ongoing costs, discounts are always available if you look in the right places
When operating professionally, I would advocate whatever software suits your own personal requirements. From my own experience, many students (not all) work with accountants helping with their bookkeeping and payroll services. This is a great source of business for the self employed bookkeeper. In these instances I believe it is massively beneficial to have access to the most widely used software, which happens to be Sage 50, which we offer with our bookkeeping and payroll training.
Theresa, who kindly contributed earlier, may be one who offers services using different packages. It pays to keep your options open
What I would add to that is that an actual bookkeeping or accounting qualification body will test you to a level where a significant underpinning knowledge is required. Sage Cert is aimed at anyone, regardless of prior experience or underpinning knowledge.
-- Edited by Brian McVean on Thursday 16th of October 2014 07:20:41 PM
I don't know Brian - But got a fist full of Sage 50 accounting certificates .... If I was going for employment, I would want Sage 50 payroll certification or better still a CIPP Payroll Technician Certificate !!!
That's good Trevor, well done and I'm not in any way trying to demean your achievements, but the original poster stated specifically he was looking at offering the service within a bookkeeping practice, not employment. Obviously, I'm going to defend my own college policy and the fact that none of the professional bodies accept Sage Cert for exam exemptions shows how they view the Sage testing. By the sounds of things you've also gained ICB qualifications. Does that mean that Jo Bloggs, who's bought the training off the shelf, is as knowledgeable as yourself?
Brian - Its not a marmite question ! Most people that undertake distance learning ... are not sure what the journey is and how it will end ... They seek a wage ! ... whether it be self employment or working for a company. As you say Sage 50 is an Industrial Standard that employers/accountants want. They expect you to be proficient and ready to rumble .... So we need to show them we can ..... Thats for you guys to help us do this ......
As you say the first post was from Richard2013 who simply wanted to offer a payroll service from his bookkeeping practice ..... ERGO see my first post ...
And we do offer that to our students, Trevor and have done for over 30yrs. When I got involved in this thread I didnt want to, nor do I have the time to, get into an online game of tennis, so this is my final post. If ICB is the qualification for Self Employment and CIPP is the only way forward for employment (ERGO see your first post), where does this leave Sage Cert?
Richard, I wish you well with whichever route you take
I won't argue your facts - but - I would point out Sage is asked for only because of its historic position in the market place, it's a name people know to ask for and given the inertia in the market place it is a given that a high percentage of the posts requiring it actually need a full overhaul of all their systems. In most of the circles I frequent it isn't considered the best tool for the job. Don't get me wrong, I'll be learning it but I'll also learn the QB offering and any other software I can get my grubby hands on.
As to the exams... am I the only one who worries that it is only accountants and professional bookkeepers who have to take these qualifications? The average payroll bureau (and I know a few) is run by someone with no payroll qualification past the fact that they can afford which ever software they run! Now some of these are excellent outfits who have bothered to learn their subject, even if they have only done so in an informal manner, but the number of 'payroll specialists' I come across - all legally offering their services - who know less about the subject than my cat and couldn't calculate a manual return if their lives depended on it are legion! Bad enough when RTI came in but now we have the added issues inherent with AE it's going to be a nightmare!
Thanks Mark. I haven't encountered groupon yet! What about the quality of the online course? On reviewcentre.com, some people criticised the quality of some of their courses.
The course i got it really good. Admittedly I am only 3 modules through it (out of 18) but what it has covered has been very detailed and just what someone with no payroll experience would be looking for.
Thank you. I'll consider it in addition to ICB's Payroll Diploma. I suppose we're talking about the same thing anyway, since Payroll Management Course for £19 with Online Academies is only thing you can find on groupon when searching for "payroll". The offer's there until december 17, so no need to rush on my part.
I'm still studying for icb's payroll course, but I've found the following manual which could be useful to others:
Index Statutory Payments Manual (SPM) - Main contents http://www.hmrc.gov.uk/manuals/spmmanual/index.htm
I don't know how long the manuals will remain on this link since the government is jamming everything onto gov.uk. So, I'm back having fun only a bookkeeper/accountant could enjoy/understand.
richard2013 wrote:So, I'm back having fun only a bookkeeper/accountant could enjoy/understand.
Does it involve Excel?
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Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
Hi slightly different comment to all the above although hopefully useful. If you do end up with both ICB and AAT memberships you will have to pay for both licence's however you are able to opt for the MLR under ICB which works out cheaper than additional fee with AAT. I found this paid nicely towards the additional licence.
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Donna Curling - Complete Book-Keeping Ltd (CBKLtd) - 07939 101900
My fun does involve excel at times. I like to experiment with excel to gain or refresh knowledge. I used to despise excel in high school as it used to be taught in class and it made it think it was useless. Now, I feel that excel laughs at me and excel knows that I think it's a wonderful tool to use for work. Even if all the work I carry out on excel is business planning and testing of accounting things, such as stock control and the like.
Bingo and all the wine they offer ain't doing me any going regarding replying to previous questions.
Have a nice day or evening and all the best wines on offer Richard
I knew that I wasn't an expert (even though I seemed to know more than everyone else in all of the offices that I've worked in) but I had no idea how little I knew until I started watching those vids that don't try to be clever or condescending but when you see what people are able to do with Excel ... Jeez, I realise that I know absolutely nothing! (but I'm learning).
I managed to get 160 video's into Excel Magic Tricks before I gave up trying to go end to end and just started dipping in randomly.
Have a try of some of them. Very quickly you'll find that even the things that you think you know you really don't.
All the best,
Shaun.
p.s. Actually, think I'm going to add that link to the free training materials sticky.
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Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.