Payroll and Monthly SARS Returns

Duration: 10 weeks (Saturday morning or Mon & Wed evening classes)

This Institute of Certified Bookkeepers (ICB) “Payroll and Monthly SARS Returns” module, presented at Unigrad College, is part of the National Certificate in Bookkeeping (NQF Level 3) as well as the National Diploma in Technical Financial Accounting (NQF Level 5).

Studying this module will introduce you to payroll and the Basic Conditions of Employment Act as well as basic business ethics.   On successful completion of this programme you will be able to complete the payroll function from the bookkeeping perspective and be able to complete the SARS payroll returns (EMP 201, IRP 5, IT3a, IRP 501). Students will also learn how to complete the VAT 201 return.

Module outline

  • Basic Bookkeeping revision and VAT
    • The theory of VAT & VAT supply categories and VAT calculations & returns
  • Plan, organise, implement & monitor and work within the payroll environment
    • The payroll administrator and important payroll issues
    • Develop, implement and maintain payroll procedures
  • Record and validate input variations on employee records
    • Verify and record employee remuneration contract terms
    • Process records relating to employee movement
    • Implement instructions from external agencies
    • Evaluate and record variations to payroll
  • Basic conditions of employment
    • Duties of the employer
    • Normal & overtime and leave types & accumulations
    • Recording and validating employee records
  • Statutory registrations
    • VAT, SDL, UIF, PAYE and Compensation for occupational injuries
  • Complete PAYE documents
  • Accounting for payroll
  • The theory of computerised payroll
  • Monthly SARS returns and eFiling
  • Ethics and the registered Tax Practitioner