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This Full Membership course package includes both manual & computerised bookkeeping elements, with the practical addition of the payroll management subject. Successful students will be able to offer a comprehensive bookkeeping service to potential clients, with the additional service of completing regular payroll runs for your clients, which can be very lucrative.

There are no entry requirements for this course package and upon successful completion of your examinations possible employment prospects would include employed or self-employed opportunities.

SKILLS: reconcile bank statements with the ledgers, produce a VAT return, control the sales and purchases ledgers, post year-end adjustments, and produce the final accounts for a sole trader, partnership, not-for-profit organisation and management reports for limited companies, in both a manual and computerised systems, and a comprehensive payroll management service.

Ideal Schools will provide:
  • Interest free payment option – NO credit checks or 3rd party finance
  • Our Price Promise
  • All Study Materials provided in HARD COPY with online access also provided
  • Supplementary VIDEO tutorials
  • 2 year tutorial support via phone,email & 24/7 support via private Facebook groups
  • 1st year ICB Student Registration
  • Sage 50 Accounts Pro or Xero softwre training
  • Sage 50 Payroll or BrightPay software and training
  • Are you a MAC user? Our Xero and BrightPay training options are perfect for you.
  • Continuous Self Progress tests & Answers
  • 25+ x tutor marked assignments (TMA’s)
  • Online report templates to help with assignment completion
  • 18 x IDEAL Mock Papers (including personalised tutor feedback)
  • 18 x Official ICB Online Practice Papers (value = £315)
  • Exam pass GUARANTEE
  • Continued career support
  • Many ICB Member benefits (including free Xero Equivalence Certification)
Associated Exams: A1, A2, A3, M4, M5, M6, M7, M8,P3
Exam Structure: 9 x home based examinations
Study Time: Approx 280-300 hours
Exam Pass Gaurantee
Enrol with confidence for guaranteed success!
If you DO NOT pass an exam we'll share responsibility and will pay 50% of one re-sit cost per exam. (T's & C's Apply)
Target Group The course is designed to appeal to those who wish to set up a manual or computerised payroll system for their business or for their clients, and also for those who are aspiring to become professional payroll processors.

  • who are new to payroll and who wish to acquire the skills and knowledge required of payroll clerks prior to employment.
  • who have previously worked in payroll and have not received a qualification.
  • who wish to return to working in payroll and need to update their knowledge.
  • who are already employed in payroll processing or allied roles and who wish to ensure that they have both a firm foundation and the knowledge and skills to perform some non-routine tasks.
  • who wish to acquire the skills to use the Sage software for their business or help their clients set up their payroll system.
  • who wish to offer a payroll service to their clients.
Exam Pass Gaurantee
We Leave nothing to chance!
We will provide you with EVERY available mock exam to ensure you are EXAM READY. If purchased seperately these would cost £324 for this course option.
Our career support groups and our one-to-one mentoring services ensures you are supported well after your study is completed, helping you to be successful in your new career.

Add Exam Fees To Your Enrolment

Total exam fees for this course option are £795.00 (8 @ £87, 1 @ 99).

When it comes to paying for your exams you have two options

During online registration, select to switch to the option that incorporates the exam fees.
With this option, your exam fees are either added to your full payment or spread evenly throughout your interest free payment term. Selecting this option protects you against potential fee increases for the duration of your course enrolment period.

Pay as you go
As you complete each section of study you’ll be instructed to book your exams. If you have not pre-paid these you’d simply contact our admin team to pay and we’ll then place your exam order.
The choice is yours!

Monthly Payment Notice: We do not charge interest for monthly payments. To cover costs of additional security measures recently implemented in the banking system, there is a £1.50 charge added to each monthly payments to cover the cost of applying these measures in our systems.

Syllabus for MICB - ICB Levels 2 & 3 Bookkeeping PLUS L3 Payroll Management

Paper A1 – Basic double-entry bookkeeping to trial balance

Home /place of work-based assessment to include:
  • Underpinning knowledge
    • Knowledge of the different categories of business that exist
    • Terms in bookkeeping (assets, liabilities, etc.)
    • Banking procedures
    • Understanding the different categories of VAT (standard, reduced, zero, exempt, outside the scope)
  • Calculation of the value of the capital investment for a sole trader
  • Calculation of business documents including calculation of VAT
  • Showing an understanding of the effect of entering transactions into a bookkeeping system for sales, purchases, overheads, capital items, returns, personal items, etc.
  • The effect of making and receiving payments including bank, cash and petty cash transactions
  • Calculation of account balances
  • Production and explanation of a trial balance

Paper A2 – Further double entry bookkeeping to trial balance

Home /place of work-based assessment to include:
  • Underpinning knowledge
    • Ethics
    • Legislation relevant to the bookkeeper
    • Accounting concepts
    • Understanding the different categories of VAT (standard, reduced, zero, exempt, outside the scope)
  • Further double entry including the following
    • Topics from Paper A1
    • The content of control accounts
    • Writing off a bad debt
    • Construction Industry Scheme
    • Posting non-sole trader entries (subscriptions, donations, drawings of partners, directors’ loan accounts, etc.)
  • Entry of payroll journals
  • Calculation of the value of a suspense account in a system that does not balance
  • Reconciliation of debtors, creditors and bank balances
  • Correction of errors that do not affect the trial balance
  • Production and explanation of a trial balance

Paper A3 – Data entry to trial balance using a computerised accounts package

Home /place of work-based test to include the use of a computerised accounting package to include:
  • Opening of entries
  • Entry of cash and credit transactions
  • Production of a trial balance
  • Production of reports for debtors, creditors, bank, VAT and the audit trail

Paper M4 – reconciliations and final accounts of a sole trader

Home / place of work based assessment to include:
  • Underpinning knowledge
  • Reconciliation and correction of errors (customer and supplier reconciliations, bank reconciliation, correction of errors including the clearance of a suspense account balance)
  • The calculation of summary figures for control accounts
  • VAT Returns (cash and standard VAT returns only but including EU transactions)
  • Posting adjustments including disposal and acquisition of fixed assets
  • Revaluation of assets
  • Final accounts of a sole trader (profit and loss account and balance sheet)

Paper M5 – final accounts of a partnership

Home / place of work based assessment to include:
  • All of the requirements for paper M4 but set in a partnership scenario plus:
  • Underpinning knowledge
  • Ethical considerations
  • Underpinning knowledge of the legal requirements for a partnership
  • Final accounts of a partnership including the appropriation account and production of partners’ current accounts
  • Calculations and bookkeeping entries to record a change of partnership (partnership ratios, goodwill, the effect on capital and current accounts etc.)

Paper M6 – final accounts of a not-for-profit organisation

Home / place of work based assessment to include:
  • All of the requirements of paper M4 but set in a not-for profit scenario plus:
  • Underpinning knowledge regarding not-for-profit organisations
  • Understanding the different requirements of a chart of accounts for such an organisation
  • Understand the concepts of the different forms of income for not-for-profit organisations including a subscriptions account
  • Posting adjustments including the subscriptions account and disposal and acquisition of fixed assets
  • Final accounts of a not-for-profit organisation

Paper M7 – Management accounts of incorporated businesses

Home /place of work based assessment to include:
  • Final accounts including adjustments for a limited company (internal management accounts format only)
  • Limited liability partnerships
  • Calculation and interpretation of ratios

Paper M8 – Level 3 External Assessment

The assessment will be a mixture of multi-choice and data entry questions which will cover all elements of the Level 3 syllabus.

L3 Diploma in Payroll Management:
This qualification covers the theoretical knowledge and demonstration of the use of various tables and publications issued by HMRC and the demonstration of how to carry out computerised handling of payroll related matters. You must be able to demonstrate their ability to understand and carry out processing of the following:

Theory of payroll, including:
  • Understand the law relating to payroll, discrimination, employment status, data protection and confidentiality
  • The legislation for PAYE and National Insurance Contributions (NICs)
  • The requirements of the Working Time Directive
  • The Statutory Minimum Wage
  • Pension scheme and the different types of pension schemes together with the effect they may have on PAYE and NI deductions
  • The “Real Time Information” (RTI) scheme
  • Deadlines that apply for submitting information to HMRC
Calculate, the various payments that can make up an employee’s gross Pay, including:
  • Calculate, the various payments that can make up an employee’s gross Pay, including:
  • Calculate, the various payments that can make up an employee’s gross Pay, including:
  • Paid holiday in advance
National Insurance Contributions:
  • Contracted in and contracted out NI contributions
  • NI contributions for a gross pay figure
  • NICs for an employee being paid for periods (such as holidays) in advance
  • Tax codes
  • Calculate the amount of pay that is taxable for an employee with a given tax code and PAYE to be deducted
  • Change in tax code issued by HMRC (Forms P6 and P9)
Statutory deductions, including:
  • Student loans, and • Attachment of earnings
  • NI deductions for Directors
  • NI deductions using the “non Cumulative” (“Alternative” or “Table method”) and the “Cumulative Director method”
Benefits in Kind (BIK):
  • The impact BIK has on an employee’s pay and their employer’s costs for; company car, private fuel, loan, private health insurance, other common basic benefits assuming all required details are provided and complete
  • Forms P11D, P11D(b) and P9D with details relating to the benefits and the deadlines by which they must be submitted
Construction Industry Scheme (CIS):
  • The basic principles behind CIS
  • Understand the duties of a contractor to verify sub-contractors
  • Correctly calculate the amount of tax to be deducted if applicable
  • Understand how to make appropriate adjustments to payments to HMRC for CIS tax
  • Accurately complete a CIS300 form at month-end for a contractor business in the construction industry
  • Accurately complete a CIS132 form at month-end for a subcontractor business in the construction industry
  • Understand the duties of a sub-contractor to submit relevant invoices within appropriate timescales
  • Explain why tax may be deducted at source from such an invoice
  • Understand the different methods of reclaiming tax deducted depending on the legal entity of the business (i.e. sole trader v limited company)
Various forms that apply to a business running a payroll, including:
  • P45, P46, P11 & P60
Using a Computerised payroll package (Sage 50 Payroll or BrightPay):
  • Installing, setting up, configuring and using it to produce accurate, comprehensive reports from a range of payroll scenarios encountered in a business of up to 10 employees.
  • Setting up the details of a new business including appropriate company and existing employee details. Some existing or new employees may be directors who undertake to have their NI deducted using different methods or employees who work irregular hours. Enter and process payroll for a variety of different pay periods and produce reports detailing gross pay, deductions and net pay for each period
  • Periodic back-ups of payroll-related information.
  • Produce summary reports
  • Deal with new employees, and employees leaving
  • Carry out or simulate a month end procedure under RTI and produce a number of required reports including potential adjustments resulting from CIS deductions and any other recoverable amounts. Note: under the new RTI scheme it is impossible to produce the month end information unless you are using a live business. Be prepared to be able to show what information would be submitted or to explain how this would work
Note: the ‘Basic PAYE Tools’ package provided by HMRC does not offer the level of sophistication required to cover this part of the syllabus.

Scenarios may include:
  • Making advance payment of holiday pay to an employee
  • Making a bonus payment to a defined range of employees
  • Configuring an attachment of earnings
  • Setting up a pension scheme for a range of employees.
  • Making Statutory payments for Sickness, Maternity, Paternity, Adoption
  • Processing a change to an employee’s tax code or basis under which a tax code operates
  • Configuring deductions of student loan repayments
Make IDEAL Schools your #1 Training Partner

Ready to start MICB - ICB Levels 2 & 3 Bookkeeping PLUS L3 Payroll Management?

Course Code: ICB330 Save 25%
Course Fee: £1445.00 NOW ONLY £1085.00
You can pay the full price or pay a deposit of £113.00 (0% APR), followed by 18 monthly payments of £55.50
Exam Pass Gaurantee
Enrol with confidence for guaranteed success!
If you DO NOT pass an exam we'll share responsibility and will pay 50% of one re-sit cost per exam. (T's & C's Apply)
Still not sure?
Ask one of our advisors or call us FREEPHONE on 0800 028 1404