All Articles / Accounting and Bookkeeping
All Articles / Accounting and Bookkeeping

There’s more to payroll servicing than you think

The numbers are mind-boggling. Currently, there are almost 13 million employees employed by almost 900,000 employers across Australia, 122 different Modern Awards, around 13,000 Enterprise Agreements and there are innumerable private employment contracts.

Paying your employees can be done by anyone, right? Wrong. Without a thorough understanding of the intricacies and compliance requirements then there’s a significant risk you have it wrong and that means you can incur hefty penalties.

Payroll is more complex than most people think. It requires the supervision of a qualified expert. Every day more and more employers find themselves struggling to understand the intricacies of their workforce employment and remuneration arrangements.

With the introduction of single touch payroll in late 2018 payroll officers need to have a thorough understanding of employee salary packages. Upskilling will set yourself apart from the crowd creating opportunities to expand your client basis or receive that promotion you’ve been waiting for.

A qualification in the Diploma of Payroll Services (FNS50417) sets you apart and skills you with the essential knowledge to understand those payroll intricacies so you can work with employers to help get things right. And, you’ll get to know the software you could be using every day as a payroll officer. The diploma includes practical training using online payroll software as well as your choice of either MYOB or Xero while you’re studying with us.

The course has been developed to give you absolute flexibility. Study on your couch, on public transport, on your break at work, out in the park – wherever and whenever you like. The best part is, with Monarch Institute, ‘online’ doesn’t mean ‘alone’. You’ll be backed by our trainers at every step along the way.

Ready to get started? Get in touch on 1300 738 955 or check out our Diploma of Payroll Services here.

Or if you have any questions, book a time here and we’ll call you

Any questions? Ask away!