Build practical new skills across finance, BAS and financial transactions with this nationally recognised online Certificate IV in Accounting and Bookkeeping (FNS40217) course from Mentor Education.
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Payroll Officers are primarily responsible for ensuring that a company’s employees are paid correctly and on time. They collect and process timesheets, manage databases and maintain records of staff wages, overtime, and leave.
Taking into account deductions such as tax and superannuation; the Payroll Officer calculates, prepares and distributes wages, bonuses and commissions. When new employees are hired, the Payroll Officer ensures all the relevant information is supplied, in order to correctly determine the pay for each person. It is up to the Payroll Officer to update the employee database and, when an employee leaves, ascertain payout figures and entitlements.
Beyond paying wages, the Payroll Officer is typically also tasked with monitoring government legislation relating to tax and payment standards, advising management of relevant changes and ensuring that the company is in compliance.