Courses

Nationally Accredited Qualifications

FNS50417 Diploma of Payroll Services

11 Units to Complete

TBST have sequenced the units of the Qualification in an order that builds the students skills and knowledge in a cumulative manner. As the student progresses through the course, the skills and knowledge obtained from a previous unit will then assist them in achieving competence in the subsequent units. For example, students start out with lower level units and build up to more complex units, tasks and assessments.

Express Delivery Option Only 8 Units

At TBST we value our students time and we know that they have extremely busy lives. Therefore we believe its very important to offer flexible training options.
 
We provide our students with the Express Delivery Option, so they can gain Credit Transfers for 3 of the 11 units in the Diploma of Payroll Services if they have previously completed the Certificate IV in Accounting and Bookkeeping FNS40217, Certificate IV in Accounting FNS40615 and/or Certificate IV in Bookkeeping FNS40215 qualification.
 
The three units are coloured orange in the unit list. Simply advise us during the enrolment process and we will arange the Credit Transfers. However, it is important to know that students should seriously consider completing these units again as they are trained using xero and the advanced knowledge gained will assst you immensely. You already know the answers to the question but you can use xeroto complete the processes.
 

Units of Study

Payroll & Accounting Introduction

This unit describes the skills and knowledge required to establish and monitor security procedures for managing organisational payroll services and to calculate and process salary payments, group taxation and related payments. It applies to individuals, employed in a range of work environments, who are required to establish and work with payroll systems and may have responsibility for managing payroll systems and calculations.

Unit Topics Include:

  • Establish procedures that ensure the confidentiality and security of payroll information
  • Ensure procedures guarantee substantiation of claims for allowances
  • Establish control measures to safeguard organisation’s financial resources in accordance with legislative and organisational requirements
  • Establish systems to ensure statutory obligations are met and records are kept for the period determined by government legislation
  • Use nominated industrial awards, contracts and government legislation to calculate gross pay and annual salaries
  • Calculate statutory and voluntary deductions using government and employee documentation
  • Provide payroll data to payroll processor for calculation within designated timelines
  • Check payroll, and authorise salaries and wages for payment in accordance with organisational policy and procedures
  • Reconcile salaries, wages and deductions in accordance with organisational policy and procedures
  • Deal with salary, wage and related enquiries in accordance with organisational policy and procedures
  • Process declaration forms for new and existing employees in accordance with Australian Taxation Office requirements
  • Forward periodic deductions to nominated creditors within designated timelines
  • Prepare and dispatch payments to government authorities accurately and in accordance with relevant government legislation
  • Calculate and transcribe group tax amounts and make payments in accordance with taxation procedures
  • Prepare and reconcile employee group certificate amounts from salary records

This unit describes the skills and knowledge required to use a range of routine calculation methods and techniques when performing routine financial calculations and checking calculation outcomes. It applies to individuals who use literacy and numeracy skills to perform routine computational tasks as part of their operational job role.

Unit Topics Include:

  • Obtain input data and verify as required for workplace calculations
  • Determine required outcomes of calculations and confirm from task specifications
  • Acquire resources and equipment needed to perform calculations effectively
  • Use simple spreadsheets where necessary to perform repeated calculations
  • Identify and obtain equipment required to perform calculations, including hand-held calculators
  • Select method suitable for required calculations
  • Perform financial calculations to complete work requirements using techniques suited to selected method
  • Check results to confirm that calculations are accurate and meet required outcomes, and identify and correct routine computational errors
  • Record calculation results according to organisational requirements
  • Store or electronically file calculation worksheets for future use according to organisational policy and procedures

This unit describes the skills and knowledge required to establish, operate, and modify an integrated computerised accounting system using xero. This is generally under supervision and encompasses processing transactions in the system, maintaining the system, producing reports, and ensuring system integrity. It applies to individuals who, within the scope of own responsibility, use specialised knowledge, information technology, and planning and organising skills to establish and maintain an organisational system in service and trading environments. No licensing, legislative or certification requirements apply to this unit at the time of publication.

Unit Topics Include:

  • Set up the chart of accounts for one organisation by modifying an established integrated financial software system
  • Implement an integrated computerised accounting system, ensuring integrity of the data
  • Process transactions in the integrated system, including: BPAY, credit card payments, direct debit, invoices, petty cash
  • Generate reports in the integrated system over at least two reporting periods, including: goods and services tax (GST) accrual report, payroll report, bank reconciliation report, profit and loss statement, balance sheet
  • Maintain computerised accounting system information securely.
  • Key features of desktop and cloud-based computerised accounting systems
  • Key features of organisational policies and procedures relating to setting up and operating a computerised accounting system
  • Key requirements of financial services industry legislation relating to information privacy when using computerised accounting systems
  • Key features and characteristics of information included in source documents of financial data
Develop Industry Knowledge

This unit describes the skills and knowledge required to identify industry professional approaches to procedures, guidelines, policies and standards, including ethical requirements, and to model and meet expectations of these in all aspects of work. It applies to individuals who work in senior roles in the financial services industry and underpins other specialist units used in all sectors of the industry.

Unit Topics Include:

  • Identify and consider external forces impacting on financial services industry while carrying out activities
  • Identify main sectors of financial services industry and interrelationship between sectors in carrying out activities
  • Identify roles and responsibilities of other participants in financial services industry in carrying out activities
  • Collect, apply and analyse information on relevant legislation, regulations and codes of practice as applied to financial services industry
  • Clarify own work practice and regularly refine in light of relevant legislation, regulations and codes of practice, and organisational policy, guidelines and procedures
  • Apply relevant codes of practice in an ethical approach to workplace practice and decisions
  • Obtain and analyse information on sustainability policies, strategies and impacts on industry from a range of sources
  • Identify and promote environmental sustainability as an integral part of business planning and business opportunity
  • Incorporate and support triple bottom line principles in work planning
  • Read and discuss with appropriate persons relevant documents and reports that could impact on work effectiveness and compliance
  • Analyse, evaluate and check documents, reports, data and numerical calculations to meet customer and organisational requirements
  • Present information in format appropriate for audience
  • Provide feedback to team members to encourage, value and reward individual and team efforts, and contributions
  • Actively encourage team members to participate in and take responsibility for team activities and communication processes
  • Support team to identify and resolve problems which impede its performance
  • Ensure own work serves as role model for others and enhances organisation's image and financial services industry
  • Determine tasks to be done and identify relevant conditions to work autonomously or in team environment
  • Plan work to manage resources, time and priorities
  • Contribute to organisational planning process as required to achieve service improvement
  • Adapt to changes in technology and work organisation in timely manner
  • Identify and review personal professional development needs and goals on regular basis
  • Clarify and comply with competency, authorisation and licensing requirements
Payroll Systems & Taxation

This unit describes the skills and knowledge required to record and prepare payroll documentation, respond to enquiries, and process payroll data for manual and computerised systems using xero. It applies to individuals, including BAS agents, who use a range of organisational and other specialist techniques. They may work directly for organisations or be small business owners, contractors or service providers. Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. This unit is designed to meet the education requirements of the Tax Practitioner Board (TPB). Refer to the FNS Financial Services Training Package Companion Volume Implementation Guide or the relevant regulator for specific guidance on regulatory requirements.

Unit Topics Include:

  • Identify, calculate and input data from time-recording systems for payments into manual or computerised payroll systems
  • Produce a payroll report according to organisational and legislative requirements
  • Present a payroll report for verification and approval
  • Maintain records according to organisational and legislative requirements that relate to security and confidentiality of information.
  • Scope of services offered by a business activity statement (BAS) agent providing payroll services
  • Key principles of award and enterprise agreements and industrial instruments required to maintain payroll systems
  • Organisational policy and procedures that affect payroll, including the structure of authority in organisations
  • Industry codes of practice relevant to payroll operations
  • Key features of manual and computerised payroll systems
  • Legislative and record-keeping requirements from all levels of government that affect business operation and reporting requirements, especially in regard to: Fair Work Act, National Employment Standards, Superannuation Guarantee (Administration) Act, corporations law, workers compensation and work health and safety, state payroll tax relating to payroll activities, Privacy Act and requirements relating to confidentiality and security of records, Higher Education Loan Program (HELP), Medicare levy, Tax Agent Services Act (TASA), current commonwealth, state and territory industry and modern awards, and enterprise bargaining agreements, individual employment agreements, commonwealth, state and territory leave Acts, including annual, personal, paid parental and long service, Australian Bureau of Statistics (ABS) Act
  • Current Australian Taxation Office (ATO) requirements relating to payroll systems, including:, Australian business number (ABN), payment summaries, employment termination payments (ETPs), tax file number (TFN) declaration
  • Tax Practitioners Board (TPB) requirements relating to payroll systems, including:, registration and scope of services documentation requirements for BAS agents, code of professional conduct
  • Key requirements of taxation law relating to payroll systems, including: pay as you go instalment (PAYGI) tax, pay as you go withholding (PAYGW) tax, fringe benefits tax (FBT) as it relates to salary packaging
  • Key aspects of routine and non-routine requirements for payroll, including: routine: award payments, salary amount, salary packaging, superannuation guarantee and superannuation reporting non-routine: termination payments and superannuation guarantee charge

This unit describes the skills and knowledge required to identify and apply compliance requirements to effectively process and complete business activity statements (BAS), instalment activity statements (IAS), and other required reports using xero. It applies to individuals who use a range of organisational and analytical techniques to work in organisations or to supply specific bookkeeping services as a small business owner or contractor. Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. This unit is designed to meet the education requirements of the Tax Practitioner Board (TPB). Refer to the FNS Financial Services Training Package Companion Volume Implementation Guide or the relevant regulator for specific guidance on regulatory requirements.

Unit Topics Include:

  • Research, critically evaluate, and apply changes to current or new legislative or professional conduct requirements when preparing business activity statements (BAS)
  • Identify financial transactions required to prepare activity statements and apply the principles and classifications of the goods and services tax (GST)
  • Prepare both BAS and instalment activity statements (IAS) for a range of legal entities that comply with: Australian taxation law, Australian Taxation Office (ATO) rulings, Tax Practitioner Board (TPB) requirements, and lodgement schedules, accounting principles and practices organisational policy and procedures relating to business activity statements
  • Present business activity statements for verification and approval.
  • Research methods and sources of information used to update knowledge of professional and legislative requirements relating to activity statements
  • Key requirements of current legislation, regulations and industry codes of practice relating to preparing activity statements, including: Tax Agent Services Act (TASA), including Code of Professional Conduct. TPB registration requirements, and civil penalty provisions, Fringe Benefits Tax Assessment Act, A New Tax System (Goods and Services Tax) Act, Income Tax Assessment Act, Taxation Administration Act, other taxation laws, including taxable payments annual reporting, fringe benefits tax (for collection and recovery), wine equalisation tax, luxury car tax and fuel tax, Privacy Act, ATO requirements
  • Accounting terminology used when preparing and submitting BAS and IAS for a range of business types
  • GST terminology, classifications, regulations, and obligations
Payroll IR & Tax Systems

This unit describes the skills and knowledge required to research, analyse and apply knowledge of industrial regulations to the provision of payroll services. It applies to individuals who, within their level of authority, use specialised knowledge to ensure compliance with industrial regulations in the workplace.

Unit Topics Include:

  • Use appropriate sources to research regulations regarding payroll service provision
  • Identify how researched regulations apply to business payroll operations
  • Seek assistance from sources to interpret context, purpose and impact of regulations on payroll
  • Analyse how regulations impact on different types of employment contracts and business structures
  • Identify areas of risk in applying regulations to organisation’s payroll operations
  • Evaluate impacts of that risk on payroll operations
  • Apply knowledge of regulations to determine if payroll operations are compliant with regulations
  • Identify changes to payroll operations required to ensure compliance with regulations
  • Seek advice and guidance from sources to ensure payroll operations comply with regulations
  • Review regulatory sources regularly to ensure payroll operations remain compliant
  • Inform stakeholders of changes to regulations and explain impact of changes on payroll operations, including changes to employment contracts and business structures, according to organisational policies and procedures
  • Access and use systems to maintain up-to-date knowledge of regulations to ensure continued compliance of payroll operations

This unit describes the skills and knowledge required to research, analyse and apply knowledge of taxation systems to the provision of payroll services. It applies to individuals who, within their level of authority, use specialised knowledge, systematic approaches and analytical techniques to prepare data, calculate and verify payments, and ensure compliance with regulatory requirements using established payroll systems.

Unit Topics Include:

  • Use appropriate sources to research taxation systems relevant to the provision of payroll services
  • Identify how taxation systems apply to organisation’s payroll operations
  • Seek assistance from sources to interpret context, purpose and impact of taxation systems on payroll
  • Analyse impact of taxation systems on different types of employment contracts, legal entities, and business structures
  • Assess impact of taxation systems on organisation’s operations and employee payments, including impact of variations in taxation systems across jurisdictions
  • Apply knowledge of taxation systems to determine if payroll operations are compliant
  • Identify changes to payroll operations required to ensure compliance with taxation systems
  • Seek advice and guidance from sources to ensure payroll operations comply with taxation systems
  • Review sources of information on taxation systems regularly to ensure payroll operations remain compliant
  • Inform stakeholders of changes to taxation systems and explain impact of changes on payroll operations, including changes to employment contracts and business structures, according to organisational policies and procedures
  • Access and use systems to maintain up-to-date knowledge of taxation systems to ensure continued compliance of payroll operations
Detailed Payroll

This unit describes the skills and knowledge required to process salary packaging arrangements and additional allowances for employees in payroll systems. It applies to individuals who, within their level of authority, use specialised knowledge, systematic approaches and analytical techniques to prepare data, calculate and verify payments, and ensure compliance with regulatory requirements using established payroll systems.

Unit Topics Include:

  • Identify organisational and legislative requirements for salary packaging arrangements and additional allowances
  • Determine organisation’s preferred salary packaging model through assessment of the benefits and costs of different models
  • Identify range of benefits that form part of employee salary packaging arrangements
  • Verify that salary packaging arrangements and additional allowances comply with required legislation and organisational policies and procedures
  • Prepare information for employees on available salary packaging options, including information on the impact of various options on assessable income and employment conditions
  • Distribute information to employees according to organisational policies and procedures
  • Help employees to assess the implications of salary packaging options on assessable income and employment conditions
  • Obtain employee information required to process salary packaging arrangements in line with organisational procedures
  • Enter information into payroll system and check for accuracy against source information, seeking clarification from sources as required
  • Determine tax and non-tax components of salary packaging arrangements
  • Calculate impact of salary packaging on employee’s assessable income in payroll system
  • Obtain employee information required to process additional allowances relating to their employment conditions in line with organisational procedures
  • Enter information into payroll system and check for accuracy against source information, seeking clarification from sources as required
  • Calculate impact of additional allowances on employee’s gross income in payroll system
  • Adjust additional allowances to be paid to employee in response to changes in their employment conditions as required
  • Issue payment summary to employee according to legislative and organisational requirements
  • Produce, review and store payroll records relating to employee salary packaging arrangements and additional allowances according to organisational policies and procedures

This unit describes the skills and knowledge required to process employee superannuation payments in payroll systems. It applies to individuals who, within their level of authority, use specialised knowledge, systematic approaches and analytical techniques to prepare data, calculate and verify superannuation payments, and ensure compliance with regulatory requirements using established payroll systems.

Unit Topics Include:

  • Establish and comply with procedures that ensure the confidentiality and security of employee payroll information
  • Establish default superannuation fund type in payroll system according to legislative and organisational requirements
  • Establish systems that ensure organisation meets its statutory obligations to employees with regard to superannuation payments
  • Identify industrial awards, contracts and government legislation relevant to calculating superannuation payments
  • Gather employee data required to calculate superannuation payment from organisational sources
  • Consult with employee to confirm additional voluntary superannuation contributions or salary sacrifice arrangements, and include that information when calculating superannuation payment
  • Verify information with organisational sources and enter information into payroll system
  • Use payroll system to calculate employee superannuation payment
  • Verify superannuation payment is accurate and complies with legislative obligations and organisational policies and procedures
  • Generate superannuation payment in payroll system
  • Prepare reports on superannuation payments and distribute according to organisational policies and procedures
  • Respond to employee and employer enquiries about superannuation payments according to organisational policies and procedures
  • Store records of employee superannuation payments according to legislative obligations and organisational policies and procedures

This unit describes the skills and knowledge required to process uncommon and complex employee terminations in payroll systems, including calculating and providing employment termination payments (ETPs). It applies to individuals who, within their level of authority, use specialised knowledge, systematic approaches and analytical techniques to prepare data, calculate and verify payments, and ensure compliance with regulatory requirements using established payroll systems.

Unit Topics Include:

  • Confirm type of employment termination using appropriate organisational sources
  • Obtain employee information required to process termination according to organisational procedures
  • Verify accuracy of information and seek clarification from sources, as required
  • Identify legislation, taxation systems, regulations and codes of practice to be complied with in employment termination
  • Verify that employment termination process meets requirements of identified legislation, taxation systems, regulations and codes of practice
  • Identify and calculate various pay components relating to termination payment
  • Enter information required to process employment termination into payroll system and check for accuracy against source information
  • Process employment termination in payroll system according to organisational policies and procedures
  • Use payroll system to process payments due to employee according to organisational and legislative requirements
  • Calculate tax on the various pay components according to legislative requirements
  • Issue ETP payment summary to employee according to legislative requirements
  • Produce, review and store payroll records relating to employee termination according to organisational policies and security procedures
  • Prepare report on outcome of employee termination according to legislative requirements

Professional Partner Associations

TBST is a proudly accredited training provider by a number of professional associations and software vendors including, Xero, Quickbooks & MYOB.

A professionally associated course gives you confidence that you are receiving the very latest knowledge to broaden your career prospects. For more information about a particular course see the Courses section of our website or contact us directly either through our online form or via phone.

Course Enrolments Include

BAS Agent Skill Set

We provide students with the qualification skill set required under the BAS Services Provider legislation

Flexible Distance Learning

Our flixible online distance learning training helps our students to manage the demands of work, family & study

Trained by Industry Professionals

Our students have dedicated professional trainers who are also working professional bookkeepers or accountants

MYOB Training for All Students

All training courses include full MYOB Training from basics to advanced including MYOB software