The Payroll Accountant course (142 academic hours) focuses on employee pay: income tax, labor law and National Insurance. The Bookkeeping 1 + 2 (Senior) course (316 academic hours) is broader and deals with recording all the financial activity of a business, including work with bookkeeping and payroll software. The admission requirements of the two courses are the same, and graduates receive a certificate from the Ministry of Labor.
What does a payroll accountant do?
A payroll accountant is a professional that every organization, company or business needs, by law. Payroll accountants must know taxes, labor law, provident funds, pension insurance, National Insurance and pension funds, and keep up to date with the changes in each of these fields.
In the job itself, a payroll accountant processes payslips, manages deposits to the different insurance funds, produces income tax reports and handles severance pay.
What does a bookkeeper do?
A bookkeeper is responsible for giving accurate, up-to-date financial information about the business, through exact and careful recording of its financial activity: paying suppliers and issuing invoices, issuing payslips, collecting debts, recording changes in stock and all other accounting actions.
The bookkeeper oversees the bookkeeping work, which covers all the company's cash flows.
What do you study in each course?
- Payroll Accountant Course: 3 main fields. Income tax (taxable income, exemptions, deductions, tax credit points, tax coordination), labor law (hours of work and rest, sick leave and annual leave, minimum wage, pension, end of employment) and National Insurance (allowances, reserve duty payments, calculating insurance contributions, income support).
- Bookkeeping 1 + 2 (Senior): financial accounting (the accounting rules and the accounting process, up to preparing financial statements), extended practical accounting with the software used every day (bookkeeping software, payroll software and EXCEL), concepts in economics and the job market, and single-entry bookkeeping.
How long is each course?
The Payroll Accountant course takes 142 academic hours. The Bookkeeping 1 + 2 (Senior) course takes 316 academic hours, and it includes an extended, in-depth practicum, matched to the demands of the profession and of employers.
What are the admission requirements?
The requirement is the same for both courses: 12 years of schooling, or knowledge tests in reading comprehension and mathematics at the same level.
Which course fits whom?
The Payroll Accountant course fits people who want to focus on one field, employee pay, and to know in depth the legislation, regulations and guidelines that affect it. It is a dynamic field that changes with updates in legislation and court rulings.
The Bookkeeping 1 + 2 course fits people who want to deal with the full financial picture of a business and work with computerized bookkeeping systems. It is longer, and it also includes work with payroll software.
Still undecided? Write to us on WhatsApp or on the contact page, and we will help you choose.
Which certificate do you receive at the end?
Graduates of each of the two courses receive a certificate from the Ministry of Labor.
