Much of the payroll process begins with calculating gross salary — whether hourly, weekly, fortnightly or monthly — and then subtracting deductions and taxes from that amount to determine the final payment that employees receive in their paycheck. These gross wage calculations and subsequent deductions are dependent on several factors in each case depending on the law and rules.

This session will provide the necessary insights on how payroll calculations are done – even if software is used in calculating payroll, it is very beneficial for the person entering the numbers, to know how these calculations are performed. Some calculations need to be done before they can be entered into the payroll system. A good understanding of employee taxes is vital for payroll administration.

Content Discussed:

• How to calculate:
• Pro Rata Salary, Leave and Tax
• Daily and Hourly Rate
• Gross Income
• PAYE, UIF and SDL
• Subsistence Allowance
• Medical Aid
• Retirement Annuities
• Unpaid Leave
• Long Service Cash Award
• Bonus
• Overtime
• Commission
• Arbitration Award
• Allowances (Travel and Reimbursive Travel)
• Accommodation
• Advances and Loan Repayments
• Expense Reimbursements
• Uniform Allowance
• Right of use of an asset
• How to keep an excel worksheet as proof of how calculations were done
• Reconciling your payroll for the year on excel

Note: If you're unable to attend the live webinar on the scheduled date, you can still book and pay for the webinar – the course notes and a copy of the recording will be provided for self-study in your own time

Please note that this link is unique to you. Transferring this link to another user is an infringement of copyright. If you have subscribed to a course, the cost is per delegate, not per screen.