Diploma of Payroll Services

The Diploma of Payroll Services (FNS50422) is a nationally recognised qualification. Students get a chance to practice and master skills in:

  • Handling Payroll Information
  • Executing Various Payroll Transactions
  • Generating and Delivering Reports
  • Practical Application of Industrial Relations Law
  • Practical Application of Tax Law

Complex payments and events, including terminations

If you are looking to step sideways in to payroll services, or alternatively specialise in payroll accounting, the Diploma of Payroll Services could be right for you.

Your Monarch Institute study experience

Studying with Monarch Institute won’t be like any of the accounting or bookkeeping courses you’ve done before. Monarch was founded by professionals who wanted to change the face of vocational education in the finance sector. They understand that you need real world education that fits in with your busy schedule. That’s why you’ll get:

  • Flexible start times
  • No term dates
  • 100% online learning with real support
  • There are no in-person classes to attend. At the same time, you’ll get real support from your trainers via email, phone, Zoom, Facebook.
  • Multiple small assessments

You'll learn:

Module 1: Setting the foundation for your payroll career

  • Managing Human Resource Operations and Procedures
  • Exploring Ethical Aspects of HR Practices in Business
  • Calculating Human Resource ROI within the Company
  • Strategising and Managing HR Plans and Initiatives
  • Nurturing and Enhancing Business Connections

Module 2: Legal Fundamentals

  • Exploring and Evaluating Industrial Regulations Impacting Payroll
  • Ensuring Payroll Services Adhere to Regulatory Compliance
  • Recognising Key Organizational Roles in Payroll Services
  • Analysing Taxation Relating to Payroll Operations

Module 3: Processing Payroll

  • Establishing Protocols for Payroll Administration
  • Compiling Payroll Information
  • Ensuring Checks and Approvals prior to Salary Disbursement
  • Overseeing Payroll Documentation
  • Evaluating and Managing Salary Packaging Schemes
  • Supporting Employees in Salary Packaging Matters
  • Handling Extra Allowance Preparation and Payment

Module 4: Processing payroll 2

  • Managing and Executing intricate Employee Terminations
  • Calculating Diverse Compensation Elements Linked to Termination
  • Creating and Sustaining an Effective Payroll System
  • Grasping PAYG Withholding Tax, PAYG Instalments, and Instalment Activity Statements
  • Executing Payroll Processing Along with Leave Benefits

Get started today

As a member of the IPA, you are entitled to a 5% discount if you are a full fee-paying student for this Monarch Institute Qualification. To learn more about this offer and start your enrolment, contact Emil on 1300 738 955 or email Emil direct on [email protected].

There are no term dates or enrollment deadlines. At Monarch Institute, you can start your studies when it suits you.

Ready to learn more? Click here to view a course brochure or click here to enrol now.