Academy salary monitoring

About this course

This course is an introduction to salary monitoring for academies. The course will explain what is meant by salary monitoring, the purpose of salary monitoring and how variances in staff pay can have an impact on the academy’s budget. The course will also include the completion of the salary monitor and the posting of staff expenditure transactions to the finance system.

Learning Outcomes

• to understand the purpose of salary monitoring
• to be able to complete the monthly salary monitor
• to be able to reconcile the monthly salary monitor, identifying different costs on an academy payroll report
• to be able to identify and investigate variances
• to be able to understand if a variance is ‘real’ or ‘timing’
• to be able to post payroll, pension and tax transactions to the finance system