UNIT

FNSTPB412Establish and maintain payroll systems

Release 1Current

Modification History

Release

Comments

Release 1

This version first released with the FNS Financial Services Training Package Version 8.0.

Supersedes and is equivalent to FNSTPB402 Establish and maintain payroll systems.

Application

This unit describes the skills and knowledge required to record and prepare payroll documentation, respond to enquiries, and process payroll data for computerised systems.

The unit applies to individuals and Business Activity Statement (BAS) agents, who use a range of organisational and other specialist techniques to manage payroll systems. They may work directly for organisations or be small business owners, contractors or service providers.

Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. This unit is designed to meet the education requirements of the Tax Practitioners Board (TPB). Users are advised to check with the relevant regulatory authorities to confirm those requirements.

Unit Sector

Tax practitioners

Range of Conditions

This section specifies different work environments and conditions that may affect performance. Essential operating conditions that may be present (depending on the work situation, needs of the candidate, accessibility of the item, and local industry and regional contexts) are included.

Payroll preparation must include:

calculating gross pay

calculating net pay

preparing pay advice slips

preparing payments

calculating superannuation, leave entitlements, taxation and other deductions.

Payroll records must include:

electronic funds transfer

employee summary report

end of month reports

end of year reports

pay advice slips

payroll reporting, including year-end reconciliations

taxation reports

termination payments.

Unit Mapping Information

Supersedes and is equivalent to FNSTPB402 Establish and maintain payroll systems.

Links

Companion Volume Implementation Guide is found on VETNet - https://vetnet.gov.au/Pages/TrainingDocs.aspx?q=c7200cc8-0566-4f04-b76f-e89fd6f102fe

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