Page 37 - Accountancy for Advanced Secondary Schools Teachers Guide Form Five

(b) Deductions: Explain various deductions from gross pay,
including mandatory deductions (PAYEE, retirement
contributions (PSSSF or NSSF), Medicare -NHIF and
voluntary deductions (loans, garnishments).
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3. Payroll systems and software

(a) Manual vs. automated systems: Compare manual payroll
systems with automated payroll software, highlighting the
advantages of using software for accuracy and efficiency.

(b) Popular payroll software: Introduce popular payroll software
(e.g., ADP, QuickBooks, Paychex) and their features.

4. Recordkeeping and reporting

(a) Documentation: Stress the importance of maintaining
accurate payroll records, including timesheets, payroll
registers, and employee earnings records.

(b) Reporting requirements: Discuss the various payroll reports
required by law.
5. Employee benefits and compensation

(a) Types of Benefits: Explain common employee benefits,
including health insurance, retirement plans, paid time off,
and fringe benefits.

(b) Accounting for benefits: Teach how to account for and
report employee benefits as part of payroll.

6. Problem-solving and troubleshooting

(a) Common issues: Identify common payroll issues, such as
discrepancies in pay, tax calculation errors, and late payments.

(b) Resolution strategies: Provide strategies for resolving
payroll issues efficiently and effectively.

Teacher’s Guide Form Five
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