Do you want to run your small business effectively? Effective Bookkeeping and Payroll course provides basic knowledge on how to administer accounting for payroll. This course is perfect if you operate a small business or you are planning for a career change and want to be effective at running your own company, and doing payroll in-house. The course offers insight into the skill set of a payroll practitioner who is aiming to advance their career.
The Effective Bookkeeping and Payroll course will discuss credits, debits, liabilities and assets and recording journal entries. The course will enhance learner’s skills and knowledge on how to effectively operate payroll transactions and accruals. In addition, track revenue, outgoings, forecast profitable solutions, and keep track of financial transactions and inventories.
The Effective Bookkeeping and Payroll course helps individuals to learn to keep track of all the numbers. Individuals will gain expertise in bookkeeping and the confidence to determine performance and maintain financial stability and clarity. The course is internationally recognised and accredited to a training organisation and you will be issued an internationally recognised qualification following full completion of Effective Bookkeeping and Payroll course.
As improvements and advancements are made in technology, online courses are no longer just conventional means of studying at affordable costs. In many aspects online training offers superiority to traditional learning. There is an effectiveness and convenience that traditional learning cannot provide. The overall convenience and flexibility makes it a superior learning method.
1Training offers the most convenient path to gain an internationally recognised qualification that will give you the opportunity to put into practice your skill and expertise in an enterprise or corporate environment. You can study at your own pace at 1Training and you will be provided with all the necessary material, tutorials, qualified course instructor and multiple free resources which include Free CV writing pack, Nus Discounted Card, Free career support and course demo to make your learning experience enriching and more rewarding.
The course will be directly delivered to you, and you have 12 months access to the online learning platform from the date you joined the course. The course is self-paced and you can complete it in stages, revisiting the lectures at anytime.
At the end of the Effective Bookkeeping and Payroll course you will be required to take a multiple choice question assessment test. The multiple choice question assessment will be automatically marked with learners receiving an instant grade.
Those who successfully complete the exam will be awarded the certificate in Effective Bookkeeping and Payroll.
The certificate will be awarded by CPD and iAP. This internationally recognised qualification will make your CV standout and encourage employers to see your motivation at expanding your skills and knowledge in the IT enterprise.
Once you successfully complete Effective Bookkeeping and Payroll you will be qualified to work in the following positions. The Effective Bookkeeping and Payroll qualification will also put you in line to demand a higher salary or job promotion. The average UK salary per annum according to https://www.payscale.com is given below.
➤ Module 01 – Principles | |||
Course Introduction | |||
1.0 Principles | |||
1.1 Introduction – GAAP | |||
1.2 Transactions – The Accounting Equation | |||
1.3 Transactions – Debit and Credit Rules | |||
1.4 Transactions – Analysis | |||
1.5 Demo – Full Disclosure Principle | |||
1.6 Demo – Journal Process Practice | |||
1.7 Chapter 01 Review | |||
➤ Module 02 - Overview of Internal Controls | |||
2.0 Overview of Internal Controls | |||
2.1 The Need for Internal Controls | |||
2.2 Overview of Internal Control | |||
2.3 Principles of Internal Control | |||
2.4 Control Concepts | |||
2.5 Overview of Internal Control (Cont.) | |||
2.6 Examples of Controls Across the Organization | |||
2.7 Overview of Sarbanes Oxley Sections 302 and 404 | |||
2.8 Implications of SOX | |||
2.9 Control Concepts (Cont.) | |||
2.10 Audit Process and Conduct | |||
2.11 Internal Controls – Bottom Line | |||
2.12 Demo – Internal Control Reporting | |||
2.13 Chapter 02 Review | |||
➤ Module 03 - Subsidiary Ledgers and Journals | |||
3.0 Subsidiary Ledgers and Special Journals | |||
3.1 Subsidiary Ledgers | |||
3.2 Subsidiary Ledger | |||
3.3 Subsidiary Ledgers (Cont.) | |||
3.4 Accounts Receivable – Aging of Subledger | |||
3.5 Using Special Journals | |||
3.6 Special Journals – Sales Journal | |||
3.7 Special Journals – Posting Sales Journal | |||
3.8 Special Journals – Control Accounts | |||
3.9 Special Journals – Cash Receipts | |||
3.10 Special Journals – Posting Cash Receipts | |||
3.11 Special Journals – Cash vs. Credit Card | |||
3.12 Special Journals – Purchases | |||
3.13 Special Journals – Cash Payments | |||
3.14 Special Journals Summary | |||
3.15 Demo – Cash Receipts Journal | |||
3.16 Chapter 03 Review | |||
➤ Module 04 – Reconciliations | |||
4.0 Reconciliations | |||
4.1 Purpose | |||
4.2 Accounts To Be Reconciled | |||
4.3 Ownership and Accountability For Reconciliations | |||
4.4 A Reconciliation is a Critical Internal Control | |||
4.5 What is a Reconciliation | |||
4.6 Reconciliation | |||
4.7 “Reconciling Items” and Unreconciled Differences | |||
4.8 Bank Reconciliation Example | |||
4.9 Inventory Reconciliation Example | |||
4.10 Who Should Perform the Reconciliation? | |||
4.11 Exercise – Accounts Receivable Reconciliation | |||
4.12 Who Can Review a Reconciliation? | |||
4.13 A Roll-forward Analysis | |||
4.14 Analytical Roll-forward | |||
4.15 Analytical Roll-forward of a Trade A/R Account | |||
4.16 Analytical Roll-forward of Cash | |||
4.17 Other Verifications of Account Balances | |||
4.18 Chapter 04 Review | |||
➤ Module 05 - Correcting Entries | |||
5.0 Correcting Entries | |||
5.1 Corrections – The Wrong Amount | |||
5.2 Corrections – The Wrong Account | |||
5.3 Corrections – Reversing Entries | |||
5.4 Chapter 05 Review | |||
➤ Module 06 - Sales Tax | |||
6.0 Sales Tax | |||
6.1 Sales Tax – Calculations | |||
6.2 Sales Tax – Recording Transactions | |||
6.3 Sales Tax – Pay Collected Taxes | |||
6.4 Sales Tax – Paying Collected Taxes | |||
6.5 Sales Tax Rules and Filing | |||
6.6 Sales Tax Rates | |||
6.7 Sales Tax Rules and Filing (Cont.) | |||
6.8 Audits and Out of State Taxes | |||
6.9 Chapter 06 Review | |||
➤ Module 07 – Budgeting | |||
7.0 Budgeting | |||
7.1 All Businesses Must Have a Strategic Plan | |||
7.2 Yearly Target Setting (Budgeting) | |||
7.3 Defining Objectives | |||
7.4 Budgeting Defined | |||
7.5 Budgeting for Smaller Companies | |||
7.6 Types of Budgets | |||
7.7 Budgeting Development and Assumptions | |||
7.8 Bookkeeper Role in Budgeting | |||
7.9 Example Budget Spreadsheet | |||
7.10 Chapter 07 Review | |||
➤ Module 08 - Accounting for Merchandising | |||
8.0 Accounting for Merchandising | |||
8.1 Merchandising Income Statement | |||
8.2 Manufacturing Income Statement | |||
8.3 Merchandising Income Statement (Cont.) | |||
8.4 Merchandising Revenue – Credits | |||
8.5 Credit Notes | |||
8.6 Merchandising Revenue – Credit Notes | |||
8.7 Credit Notes (Cont.) | |||
8.8 Sales Discounts | |||
8.9 Calculating Sales Discounts | |||
8.10 Recording Sales Discounts | |||
8.11 Sales Discounts – Customer Account | |||
8.12 Net Sales on the Income Statement | |||
8.13 Purchasing Merchandise | |||
8.14 Periodic Inventory System | |||
8.15 Purchase Discounts | |||
8.16 Discounts – Purchase Discounts | |||
8.17 Freight-in | |||
8.18 End of Period Income Statement | |||
8.19 Net Sales on the Income Statement (Cont.) | |||
8.20 Determine Cost of Goods On Hand | |||
8.21 Compute COGS for Income Statement | |||
8.22 Income Statement | |||
8.23 Perpetual Inventory System | |||
8.24 Discounts – Purchase Discounts (Cont.) | |||
8.25 Cash on Delivery (COD) | |||
8.26 Demo – Merchandising Income Statement | |||
8.27 Chapter 08 Review | |||
➤ Module 09 - Accounting for Cash | |||
9.0 Accounting for Cash | |||
9.1 Defining Petty Cash | |||
9.2 Trend in Petty Cash | |||
9.3 Accounting for Petty Cash – Establishing | |||
9.4 Accounting for Petty Cash – Cash Sheet | |||
9.5 Accounting For Petty Cash – Entries | |||
9.6 Accounting – Petty Cash – Reimbursing | |||
9.7 Petty Cash Entry | |||
9.8 Accounting for Cash Over or Short | |||
9.9 Accounting – Cash Over or Short | |||
9.10 Good Cash Control in a Retail Business | |||
9.11 Accounting For Cash Over or Short (Cont.) | |||
9.12 Cash Controls – The Bank Reconciliation | |||
9.13 Accounting – Bank Reconciliation | |||
9.14 Accounting – Bank Statements | |||
9.15 Bank Statements | |||
9.16 Accounting – Bank Errors | |||
9.17 Accounting – Cash Book Errors | |||
9.18 Bank Reconciliation Process | |||
9.19 Bank Account Reconciliation | |||
9.20 Accounting – Bank Account Reconciling | |||
9.21 Demo – Bank Reconciliation | |||
9.22 Chapter 09 Review | |||
➤ Module 10 – Payroll | |||
10.0 Payroll | |||
10.1 The Payroll Process | |||
10.2 Payroll Process – Gross Pay | |||
10.3 Payroll Process – Deductions | |||
10.4 Payroll Process – Taxes | |||
10.5 Payroll Process – Deduction Tables | |||
10.6 Payroll Process – Deductions (Cont.) | |||
10.7 State Taxes | |||
10.8 Payroll Process – Deductions (Cont..) | |||
10.9 Payroll Process – Voluntary Deductions | |||
10.10 Payroll Process – Net Pay | |||
10.11 Payroll Process – Recording | |||
10.12 Payroll Process – Earnings Record | |||
10.13 Payroll Process – Payroll Record | |||
10.14 Payroll Process – Payroll Records | |||
10.15 Payroll Process – Recording (Cont.) | |||
10.16 Payroll Process – Recording Net Payroll | |||
10.17 Payroll Process – Employer Expenses | |||
10.18 Payroll Process – Recording (Cont..) | |||
10.19 Payroll Process – Making Payments | |||
10.20 Payroll Process – Vacation and Sick Pay | |||
10.21 Payroll Process – Accruals | |||
10.22 Payroll Process – Internal Controls | |||
10.23 Demo – Payroll Calculations and Entries | |||
10.24 Demo – Paycheck | |||
10.25 Chapter 10 Review | |||
➤ Module 11 - Partnerships and Corporations | |||
11.0 Partnerships and Corporations | |||
11.1 Partnership – The Partnership | |||
11.2 Partnership – Partnership Accounting | |||
11.3 Partnership – The Drawing Account | |||
11.4 Admitting a New Partner | |||
11.5 Entry to Admit New Partner | |||
11.6 Death of a Partner | |||
11.7 Partner Withdrawal – Example 1 | |||
11.8 Partner Withdrawal – Example 2 | |||
11.9 Corporations | |||
11.10 Corporations – Shareholder Value | |||
11.11 Corporations – Share Ownership | |||
11.12 Sale of Common Stock | |||
11.13 Preferred Stock | |||
11.14 Preferred Stock – Sale of Shares | |||
11.15 Corporations – Authorized versus Issued | |||
11.16 Corporations – Dividends | |||
11.17 Shareholders Sale of Stock | |||
11.18 Chapter 11 Review | |||
➤ Module 12 - Accounts Receivable and Bad Debt | |||
12.0 Accounts Receivable and Bad Debts | |||
12.1 Accounts Receivable – Aging | |||
12.2 Accounts Receivable – Accounts | |||
12.3 Accounts Receivable – Aging (Cont.) | |||
12.4 Accounts Receivable – The Balance Sheet | |||
12.5 Bad Debts – Writing Off | |||
12.6 Bad Debts – Recovering | |||
12.7 Bad Debts – Small Business | |||
12.8 Sale of Receivables | |||
12.9 Sale of Receivables – Entry | |||
12.10 Accounts Receivable Turnover | |||
12.11 Demo – Accounts Receivable Entries | |||
12.12 Chapter 12 Review | |||
➤ Module 13 - Interim Profit or Loss | |||
13.0 Interim Profit or Loss | |||
13.1 Interim – Interim Statement | |||
13.2 Interim – Preparing Interim Statement | |||
13.3 Chapter 13 Review | |||
➤ Module 14 - Year End - Prep. to Close Books | |||
14.0 Year End - Preparing to Close the Books | |||
14.1 Year End – Inventory | |||
14.2 Year End – Adjusting Entries | |||
14.3 Year End – Adjusting Entries Types | |||
14.4 Inventory Obsolescence | |||
14.5 Inventory Reserves – Entries | |||
14.6 Inventory Write Offs – Entries | |||
14.7 Year End – The Worksheet | |||
14.8 The Spreadsheet | |||
14.9 Chapter 14 Review | |||
➤ Module 15 - Year End - Closing the Books | |||
15.0 Year End - Closing the Books | |||
15.1 Year End – Closing Journal Entries | |||
15.2 Year End – Post Closing Trial Balance | |||
15.3 Year End – Financial Statements | |||
15.4 Year End – Income Statement | |||
15.5 Year End – Balance Sheet | |||
15.6 Accounting Information | |||
15.7 Demo – Real World Financials | |||
15.8 Chapter 15 Review | |||
➤ Module 16 - Cash Flow | |||
16.0 Cash Flow | |||
16.1 What is Cash Flow? | |||
16.2 Categories of Cash Flow | |||
16.3 Cash From Operations | |||
16.4 Why We Manage Cash Flow | |||
16.5 Cash Flow – The Indirect Method | |||
16.6 The Direct Method | |||
16.7 Maximizing Cash Flow | |||
16.8 Cash Cycle | |||
16.9 Revenue and Receivables | |||
16.10 Expenses and Payables | |||
16.11 Inventory | |||
16.12 Capital / Investment | |||
16.13 Quick Ratio | |||
16.14 Cash Flow Adequacy Ratio | |||
16.15 Chapter 16 Review | |||
16.16 Course Closure |