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Management
Business
Bookkeeping
Effective Bookkeeping and Payroll
Effective Bookkeeping and Payroll
4.6
(1770)
8890 enrolled on this course
Last updated 11/2021
Stone River eLearning
Description
The Bookkeeping and Payroll course prepares the candidates to become successful bookkeepers and acquire the necessary knowledge and understanding needed to create an effective and reliable bookkeeping system. The course gives the fresh graduates and inexperienced professionals a career boost and enhances their accounting and bookkeeping skills. The course helps the candidates to prove to employers that they can provide office accounting, bookkeeping and payroll management duties in an effective and efficient manner.
A bookkeeper keeps business financial records and performs basic and essential accounting tasks. The course provides an essential learning experience to the candidates to perform the basic bookkeeping and payroll management tasks in an effective and efficient manner. The course provides a launching platform to the candidates for a bright career in financial accounting, bookkeeping or payroll management.
After successfully completing this course, the students shall be able to:
Learn about the generally accepted accounting principles (GAAP)
Learn and implement internal controls
Maintain subsidiary ledgers and special journals
Reconcile accounts
Correct wrong amounts and wrong accounts by reverse entries
Perform sales tax calculations
Setup a yearly budgeting plan
Understand accounting for merchandising
Perform accounting for cash
Manage payroll system
The course is intended for:
Small and medium business owners
Bookkeepers and accountants
Payroll management staff
Financial auditors
Business decision makers
The course has no formal pre-requisites. However, the basic knowledge of accounting fundamentals is highly recommended.
Who this course is for:
Small and medium business owners
Bookkeepers and accountants
Payroll management staff
Financial auditors
Business decision makers
What you'll learn
Learn about the generally accepted accounting principles (GAAP)
Learn and implement internal controls
Maintain subsidiary ledgers and special journals
Reconcile accounts
Correct wrong amounts and wrong accounts by reverse entries
Perform sales tax calculations
Setup a yearly budgeting plan
Understand accounting for merchandising
Perform accounting for cash
Manage payroll system
Requirements
- You will need a copy of Adobe XD 2019 or above. A free trial can be downloaded from Adobe.
- No previous design experience is needed.
- No previous Adobe XD skills are needed.
Course Content
27 sections • 95 lectures
Expand All Sections
1.1-Course Introduction
1.2-Instructor Introduction
2.1-Principles
2.2-Principles (cont.)
2.3-Introduction - GAAP (Part 1)
2.4-Introduction - GAAP (Part 2)
2.5-Introduction - GAAP (Part 3)
2.6-Transactions - The Accounting Equation
2.7-Transactions - Debit and Credit Rules (Part 1)
2.8-Transactions - Debit and Credit Rules (Part 2)
2.9-Transactions - Analysis (Part 1)
2.10-Transactions - Analysis (Part 2)
2.11-Transactions - Analysis (Part 3)
2.12-Transactions - Analysis (Part 4)
2.13-Demo - Full Disclosure Principle
2.14-Demo - Journal Process Practice
2.15-Chapter 01 Review
2.16-Review Questions
3.1-Overview of Internal Controls
3.2-The Need for Internal Controls
3.3-Overview of Internal Control
3.4-Principles of Internal Control
3.5-Principles of Internal Control (Part 1)
3.6-Principles of Internal Control (Part 2)
3.7-Principles of Internal Control (Part 3)
3.8-Principles of Internal Control (Part 4)
3.9-Principles of Internal Control (Part 5)
3.10-Control Concepts
3.11-Overview of Internal Control (Cont.)
3.12-Examples of Controls Across the Organization
3.13-Overview of Sarbanes Oxley Sections 302 and 404
3.14-Implications of SOX
3.15-Control Concepts (Part 1)
3.16-Control Concepts (Part 2)
3.17-Audit Process and Conduct
3.18-Internal Controls - Bottom Line
3.19-Demo - Internal Control Reporting
3.20-Chapter 02 Review
3.21-Review Questions
4.1-Subsidiary Ledgers and Special Journals
4.2-Subsidiary Ledgers
4.3-Subsidiary Ledger
4.4-Subsidiary Ledgers (Cont.)
4.5-Accounts Receivable - Aging of Subledger
4.6-Using Special Journals
4.7-Special Journals - Sales Journal
4.8-Special Journals - Posting Sales Journal (Part 1)
4.9-Special Journals - Posting Sales Journal (Part 2)
4.10-Special Journals - Posting Sales Journal (Part 3)
4.11-Special Journals - Posting Sales Journal (Part 4)
4.12-Special Journals - Posting Sales Journal (Part 5)
4.13-Special Journals - Posting Sales Journal (Part 6)
4.14-Special Journals - Control Accounts (Part 1)
4.15-Special Journals - Control Accounts (Part 2)
4.16-Special Journals - Control Accounts (Part 3)
4.17-Special Journals - Control Accounts (Part 4)
4.18-Special Journals - Control Accounts (Part 5)
4.19-Special Journals - Cash Receipts (Part 1)
4.20-Special Journals - Cash Receipts (Part 2)
4.21-Special Journals - Cash Receipts (Part 3)
4.22-Special Journals - Cash Receipts (Part 4)
4.23-Special Journals - Cash Receipts (Part 5)
4.24-Special Journals - Cash Receipts (Part 6)
4.25-Special Journals - Cash Receipts (Part 7)
4.26-Special Journals - Cash Receipts (Part 8)
4.27-Special Journals - Cash Receipts (Part 9)
4.28-Special Journals - Cash Receipts (Part 10)
4.29-Special Journals - Posting Cash Receipts (Part 1)
4.30-Special Journals - Posting Cash Receipts (Part 2)
4.31-Special Journals - Posting Cash Receipts (Part 3)
4.32-Special Journals - Cash vs. Credit Card
4.33-Special Journals - Purchases (Part 1)
4.34-Special Journals - Purchases (Part 2)
4.35-Special Journals - Purchases (Part 3)
4.36-Special Journals - Purchases (Part 4)
4.37-Special Journals - Purchases (Part 5)
4.38-Special Journals - Purchases (Part 6)
4.39-Special Journals - Purchases (Part 7)
4.40-Special Journals - Purchases (Part 8)
4.41-Special Journals - Purchases (Part 9)
4.42-Special Journals - Cash Payments
4.43-Special Journals Summary
4.44-Demo - Cash Receipts Journal
4.45-Chapter 03 Review
4.46-Review Questions
5.1-Reconciliations
5.2-Purpose
5.3-Accounts To Be Reconciled
5.4-Ownership and Accountability For Reconciliations
5.5-A Reconciliation is a Critical Internal Control
5.6-What is a Reconciliation
5.7-Reconciliation
5.8-“Reconciling Items” and Unreconciled Differences
5.9-Bank Reconciliation Example
5.10-Inventory Reconciliation Example
5.11-Who Should Perform the Reconciliation?
5.12-Exercise - Accounts Receivable Reconciliation (Part 1)
5.13-Exercise - Accounts Receivable Reconciliation (Part 2)
5.14-Who Can Review a Reconciliation?
5.15-A Roll -forward Analysis
5.16-Analytical Roll -forward
5.17-Analytical Roll -forward of a Trade A/R Account
5.18-Analytical Roll -forward of Cash
5.19-Other Verifications of Account Balances
5.20-Chapter 04 Review
5.21-Review Questions
6.1-Correcting Entries
6.2-Correcting Entries (cont.)
6.3-Corrections - The Wrong Amount (Part 1)
6.4-Corrections - The Wrong Amount (Part 2)
6.5-Corrections - The Wrong Amount (Part 3)
6.6-Corrections - The Wrong Amount (Part 4)
6.7-Corrections - The Wrong Amount (Part 5)
6.8-Corrections - The Wrong Amount (Part 6)
6.9-Corrections - The Wrong Amount (Part 7)
6.10-Corrections - The Wrong Amount (Part 8)
6.11-Corrections - The Wrong Amount (Part 9)
6.12-Corrections - Reversing Entries
6.13-Chapter 05 Review
6.14-Review Questions
7.1-Sales Tax
7.2-Sales Tax (cont.)
7.3-Sales Tax - Calculations
7.4-Sales Tax - Recording Transactions
7.5-Sales Tax - Pay Collected Taxes
7.6-Sales Tax - Paying Collected Taxes
7.7-Sales Tax Rules and Filing
7.8-Sales Tax Rates
7.9-Sales Tax Rules and Filing
7.10-Audits and Out of State Taxes
7.11-Chapter 06 Review
7.12-Review Questions
8.1-Budgeting
8.2-All Businesses Must Have a Strategic Plan
8.3-Yearly Target Setting (Budgeting)
8.4-Defining Objectives Part1
8.5-Defining Objectives Part2
8.6-Budgeting Defined
8.7-Budgeting for Smaller Companies
8.8-Types of Budgets
8.9-Types of Budgets (cont.)
8.10-Budgeting Development and Assumptions
8.11-Bookkeeper Role in Budgeting
8.12-Example Budget Spreadsheet
8.13-Chapter 07 Review
8.14-Review Questions
9.1-Accounting for Merchandising
9.2-Merchandising Income Statement
9.3-Manufacturing Income Statement
9.4-Merchandising Income Statement (Cont.)
9.5-Merchandising Revenue - Credits
9.6-Credit Notes
9.7-Credit Notes (cont.)
9.8-Merchandising Revenue - Credit Notes
9.9-Credit Notes
9.10-Sales Discounts
9.11-Calculating Sales Discounts
9.12-Recording Sales Discounts
9.13-Sales Discounts - Customer Account
9.14-Net Sales On the Income Statement
9.15-Purchasing Merchandise
9.16-Periodic Inventory System
9.17-Purchase Discounts
9.18-Discounts - Purchase Discounts
9.19-Discounts - Purchase Discounts (Cont.)
9.20-Freight -in
9.21-End of Period Income Statement
9.22-Net Sales On the Income Statement (Cont.)
9.23-Determine Cost of Goods On Hand
9.24-Compute COGS for Income Statement
9.25-Income Statement
9.26-Perpetual Inventory System
9.27-Perpetual Inventory System (cont.)
9.28-Discounts - Purchase Discounts (Cont.)
9.29-Cash on Delivery (COD)
9.30-Demo - Merchandising Income Statement
9.31-Chapter 08 Review
9.32-Review Questions
10.1-Accounting for Cash
10.2-Defining Petty Cash
10.3-Trend in Petty Cash
10.4-Accounting for Petty Cash – Establishing
10.5-Accounting for Petty Cash - Cash Sheet
10.6-Accounting for Petty Cash - Cash Sheet (cont.)
10.7-Accounting For Petty Cash - Entries
10.8-Accounting For Petty Cash - Entries (cont.)
10.9-Accounting - Petty Cash - Reimbursing
10.10-Petty Cash Entry
10.11-Accounting for Cash Over or Short (Part 1)
10.12-Accounting For Cash Over or Short (Part 2)
10.13-Accounting For Cash Over or Short (Part 3)
10.14-Accounting For Cash Over or Short (Part 4)
10.15-Accounting - Cash Over or Short
10.16-Good Cash Control in a Retail Business
10.17-Accounting - Bank Statements Part1
10.18-Accounting - Bank Statements Part2
10.19-Bank Statements
10.20-Bank Statements (cont.)
10.21-Accounting - Bank Errors
10.22-Accounting - Cash Book Errors
10.23-Bank Reconciliation Process
10.24-Bank Account Reconciliation (Part 1)
10.25-Bank Account Reconciliation (Part 2)
10.26-Bank Account Reconciliation (Part 3)
10.27-Accounting - Bank Account Reconciling
10.28-Demo - Bank Reconciliation
10.29-Chapter 09 Review
10.30-Review Questions
11.1-Payroll
11.2-The Payroll Process
11.3-Payroll Process - Gross Pay (Part 1)
11.4-Payroll Process - Gross Pay (Part 2)
11.5-Payroll Process - Gross Pay (Part 3)
11.6-Payroll Process - Gross Pay (Part 4)
11.7-Payroll Process - Gross Pay (Part 5)
11.8-Payroll Process - Gross Pay (Part 6)
11.9-Payroll Process - Deductions (Cont.)
11.10-Payroll Process - Taxes
11.11-Payroll Process - Taxes (cont.)
11.12-Payroll Process - Deduction Tables
11.13-Payroll Process - Deductions (Part 1)
11.14-Payroll Process - Taxes (cont.)
11.15-State Taxes
11.16-Payroll Process - Deductions (Part 2)
11.17-Payroll Process - Deductions (Part 3)
11.18-Payroll Process - Voluntary Deductions
11.19-Payroll Process - Net Pay
11.20-Payroll Process - Recording (Part 1)
11.21-Payroll Process - Earnings Record
11.22-Payroll Process - Payroll Record (Part 1)
11.23-Payroll Process - Payroll Record (Part 2)
11.24-Payroll Process - Payroll Records
11.25-Payroll Process - Recording (Part 2)
11.26-Payroll Process - Recording Net Payroll
11.27-Payroll Process - Employer Expenses
11.28-Payroll Process - Recording (Part 3)
11.29-Payroll Process - Making Payments
11.30-Payroll Process - Vacation and Sick Pay
11.31-Payroll Process - Accruals
11.32-Payroll Process - Internal Controls
11.33-Payroll Process - Internal Controls (cont.)
11.34-Demo - Payroll Calculations and Entries
11.35-Demo - Paycheck
11.36-Chapter 10 Review
11.37-Review Questions
12.1-Partnerships and Corporations
12.2-Partnership - The Partnership
12.3-Partnership - Partnership Accounting
12.4-Partnership - The Drawing Account
12.5-Admitting a New Partner
12.6-Entry to Admit New Partner
12.7-Death of a Partner
12.8-Partner Withdrawal - Example 1
12.9-Partner Withdrawal - Example 2
12.10-Corporations
12.11-Corporations - Shareholder Value
12.12-Corporations - Share Ownership
12.13-Sale of Common Stock
12.14-Preferred Stock
12.15-Preferred Stock - Sale of Shares
12.16-Preferred Stock - Sale of Shares (cont.)
12.17-Corporations - Authorized versus Issued
12.18-Corporations - Dividends
12.19-Corporations - Dividends (cont.)
12.20-Shareholders Sale of Stock
12.21-Chapter 11 Review
12.22-Review Questions
13.1-Accounts Receivable and Bad Debts
13.2-Accounts Receivable - Aging (Part 1)
13.3-Accounts Receivable - Aging (Part 2)
13.4-Accounts Receivable - Aging (Part 3)
13.5-Accounts Receivable - Aging (Part 4)
13.6-Accounts Receivable - Accounts
13.7-Accounts Receivable - Aging (Part 5)
13.8-Accounts Receivable - The Balance Sheet
13.9-Bad Debts - Writing Off
13.10-Bad Debts - Recovering
13.11-Bad Debts - Small Business
13.12-Sale of Receivables
13.13-Sale of Receivables - Entry
13.14-Accounts Receivable Turnover
13.15-Demo - Accounts Receivable Entries
13.16-Chapter 12 Review
13.17-Review Questions
14.1-Interim Profit or Loss
14.2-Interim - Interim Statement
14.3-Interim - Interim Statement (cont.)
14.4-Interim - Preparing Interim Statement (Part 1)
14.5-Interim - Preparing Interim Statement (Part 2)
14.6-Interim - Preparing Interim Statement (Part 3)
14.7-Chapter 13 Review
14.8-Review Questions
15.1-Year End - Preparing to Close the Books
15.2-Year End - Preparing to Close the Books (cont.)
15.3-Year End - Inventory
15.4-Year End - Adjusting Entries
15.5-Year End - Adjusting Entries (cont.)
15.6-Year End - Adjusting Entries Types
15.7-Inventory Obsolescence
15.8-Inventory Obsolescence (cont.)
15.9-Inventory Reserves – Entries
15.10-Inventory Write Offs – Entries
15.11-Year End - The Worksheet
15.12-The Spreadsheet
15.13-The Spreadsheet (cont.)
15.14-Chapter 14 Review
15.15-Review Questions
16.1-Year End - Closing the Books
16.2-Year End - Closing the Books (cont.)
16.3-Year End - Closing Journal Entries (Part 1)
16.4-Year End - Closing Journal Entries (Part 2)
16.5-Year End - Closing Journal Entries (Part 3)
16.6-Year End - Closing Journal Entries (Part 4)
16.7-Year End - Closing Journal Entries (Part 5)
16.8-Year End - Closing Journal Entries (Part 6)
16.9-Year End - Closing Journal Entries (Part 7)
16.10-Year End - Post Closing Trial Balance
16.11-Year End - Financial Statements
16.12-Year End - Income Statement
16.13-Year End - Balance Sheet
16.14-Accounting Information
16.15-Demo - Real World Financials
16.16-Chapter 15 Review
16.17-Review Questions
17.1-Cash Flow
17.2-What is Cash Flow?
17.3-Categories of Cash Flow
17.4-Cash From Operations
17.5-Why We Manage Cash Flow
17.6-Cash Flow - The Indirect Method (Part 1)
17.7-Cash Flow - The Indirect Method (Part 2)
17.8-Cash Flow - The Indirect Method (Part 3)
17.9-Cash Flow - The Indirect Method (Part 4)
17.10-The Direct Method
17.11-Maximizing Cash Flow
17.12-Cash Cycle
17.13-Revenue and Receivables
17.14-Expenses and Payables
17.15-Inventory
17.16-Capital / Investment
17.17-Quick Ratio
17.18-Cash Flow Adequacy Ratio
17.19-Chapter 16 Review
17.20-Review Questions
17.21-Course Closure
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