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Payroll (What calculations make a payslip? (Salary, Tax to pay, National…
Payroll
What calculations make a payslip?
Salary
Tax to pay
National insurance to pay
Pension to pay
Bonuses
Bonuses added to salary minus tax, NI and pension
What information is stored in it?
Staff ID/Payroll number
Name, address, DOB
Tax code
National insurance number
Earnings so far
What is it? What is it for?
Keeping track of staff wages
Making pay slips
Generating financial reports
What does it generate?
Financial reports
Pay slips
Tax reports
How are pay slips made?
Generated from information in the payroll system
Printed out
Calculations used (see calculations section in red)