Diploma of Payroll Services
FNS50422
Duration: 12 months
Price: $3,150 up front | $145.38 per week (payment plan)
How it works: Study online. With a difference.
Start date: Immediately, or whenever you’re ready.
Entry requirements: No formal prerequisites | RPL available | Some equipment needed
Qualification type: Diploma
The Diploma of Payroll Services (FNS50422) is the ultimate qualification for current (and future) payroll professionals who are serious about their careers.
The Diploma of Payroll Services (FNS50422) is the ultimate qualification for current (and future) payroll professionals who are serious about their careers.
Award winning course
Free industry membership
Become a TPB BAS Agent
Nationally recognised
Course Summary
The Diploma of Payroll Services (FNS50422) is the ultimate qualification for current (and future) payroll professionals who are serious about their careers.
The course has been developed in consultation with industry, tailored specifically to the needs of accounting technicians working in payroll departments.
In addition to technical skills, the qualification includes a variety of legal, customer service and interpersonal skills units of competencies that’ll help round out your capabilities as a payroll professional. It’s the ideal course for current (and future) payroll professionals. It’s also great for independent practitioners who are looking for a way to formalise their expertise in payroll services.
Keep up with payroll technology
Technology is constantly changing the way that payroll work is carried out. In your career as a payroll administrator or manager, you’ll spend less and less time on data entry and more time on challenging issues to do with tax and super admin. That’s why, even if you’re already working in a payroll services role, it’s more important than ever to get qualified. With Monarch Institute, you’ll also get the software training you need (online payroll software as well as Xero) to hit the ground running.
Alternative pathways
‘Payroll officer’ isn’t the only job title you could have after graduating from the Diploma of Payroll Services. Monarch Institute is an approved provider by the Tax Practitioners Board (TPB) for courses in GST/BAS taxation principles being part of the requirements to become a BAS Agent. The skills you’ll develop could help you stand out of the crowd as a:
Human Resources (HR) officer
Industrial Relations assistant advisor
Salary Packaging advisor
Payroll Services officer
Small business employment manager
Bookkeeping assistant
Compliance officer
Assistant financial controller
And don't forget that as a Monarch student you'll get FREE membership to both the Institute of Certified Bookkeepers and the Institute of Public Accountants. With loads of resources and networking opportunities, the world is your oyster.
We offer a study timetable to help you complete the course in 12 months if you have the motivation and available time.
However, we give all students up to two years (with 6 months per module) for a flexible, self-paced learning experience.
More than online.
You’ll get:
Easy-to-follow course materials
Videos and webinars
Heaps of support from your course trainers (phone, email, Zoom)
A dedicated support team on hand to guide you
Online assessments
Student Facebook group
How does it work?
This 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.
What support will I get?
Your trainer will be happy to contact you via phone, Zoom, or email (Monday to Friday, 9am to 5.30pm). So you definitely won’t feel alone. You’ll also have access to our student Facebook groups, so you can discuss the material with other students. It’s a handy way to stay in touch with trainers and others in the same course.
Assessment formats include:
Multiple-choice questions
Short-answer questions
Workplace scenarios
Calculation questions
Role-plays -video self-recording and upload of the file
Accounting software exercises
TPB required assessments (see below)
Supervised Assessments
The Tax Practitioners Board (TPB) requires supervision arrangements for a portion of the assessments in the following units:
FNSTPB411 Complete business activity and instalment activity statements
FNSTPB412 Establish and maintain payroll systems
This supervision is provided by Monarch Institute as part of your course fee. We do not charge any additional supervision fees.
These 2 units contain 3 supervised assessments which include multiple choice questions and short answer or calculation questions. Each assessment is open book and you have up to 3 hours to complete each assessment.
Supervision for assessments can be booked as a scheduled Zoom session with Monarch invigilators once you commence your course. You will need a webcam on your device, as well as internet access.
IMPORTANT: Further requirements for becoming a registered BAS agent
Immediately, or whenever you’re ready.
Get in touch about enrolling
"Monarch Institute stands out as one of the best institutes for payroll education, offering a comprehensive and practical curriculum that equips students with the necessary skills and knowledge."
- Diploma of Payroll Services Graduate
Entry Requirements
There aren’t any formal entry requirements. But to make sure you get the most out of training with us, the following enrolment process applies:
Once we receive your enrolment, our friendly course consultants will touch base to undertake a pre-training review to ensure the training is right for you.
For students without an equal or higher level qualification, there’s a short language, literacy and numeracy quiz you complete online.
We may be able to take into account relevant knowledge and skills you’ve gained through previous formal or informal training, education and employment. To find out more, refer to our Student Information Handbook by clicking here, or get in touch with one of our friendly Course Consultants.
You will need access to the following equipment to successfully complete the course:
Working PC with Microsoft Office (2016 or later)
Access to the internet
Access to a smart phone, video camera or web camera is required
Note: Access to online payroll software as well as Xero software is provided as part of your course fee.
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Take the short quiz to see if this course is right for you.
Pathways
Because the Diploma of Payroll Services is a nationally recognised qualification, you may also be able to use it as a pathway to further study at university level. You could continue to study a breadth of areas including human resources, industrial relations, accounting and business. If you’re planning on doing this, it’s best to check with the uni of your choice as to whether they’ll offer you credit, before enrolling with Monarch Institute.
You can also see more of our accounting courses offered at Monarch Institute:
Part Courses:
Module 1
BSBHRM527 Coordinate human resource functions and processes
BSBTWK401 Build and maintain business relationships
FNSINC411 Conduct work according to professional practices in the financial services industry
Module 2
FNSPAY514 Interpret and apply knowledge of industrial regulations relevant to payroll
FNSPAY515 Interpret and apply knowledge of taxation systems relevant to payroll
Module 3
BSBHRM526 Manage payroll
Cluster - FNSPAY511 Process salary packaging arrangements and additional allowances in payroll and FNSPAY512 Process superannuation payments in payroll
Module 4
FNSPAY513 Process complex employee terminations in payroll
FNSTPB412 Establish and maintain payroll systems
(TBP code: MPA001 Payroll Administration)FNSTPB411 Complete business activity and instalment activity statements
(TBP code: MAS001 Activity Statements)
Award winning course
Monarch was awarded ‘Training Provider of the Year’ at the Institute of Certified Bookkeepers (ICB) 2024 LUCA Awards.
Free industry membership
Get free student membership into the Institute of Public Accountants (IPA) and the Institute of Certified Bookkeepers (ICB) when you enrol.
Membership gives you access to wide range of resources you can use to help kick off your career. Click here to learn more.
Nationally recognised
The course is nationally recognised under the Australian Qualifications Framework. This means you may be able to use it as a pathway to further education qualifications.
Become a TPB BAS Agent
The Diploma of Payroll Services meets the minimum education requirements of the TPB (Tax Practioners Board) to register as a BAS Agent.
Payroll Services courses. For the real world.
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