Effective Bookkeeping And Payroll

Effective Bookkeeping and Payroll

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
The course has no formal pre-requisites. However, the basic knowledge of accounting fundamentals is highly recommended.
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 controlsMaintain subsidiary ledgers and special journalsReconcile accountsCorrect wrong amounts and wrong accounts by reverse entriesPerform sales tax calculationsSetup a yearly budgeting planUnderstand accounting for merchandisingPerform accounting for cashManage payroll systemThe course is intended for:Small and medium business ownersBookkeepers and accountantsPayroll management staffFinancial auditorsBusiness decision makersThe course has no formal pre-requisites. However, the basic knowledge of accounting fundamentals is highly recommended.

Overview

Section 1: Course Introduction

Lecture 1 Course Introduction

Lecture 2 Instructor Introduction

Section 2: Chapter 01 - Principles

Lecture 3 Principles

Lecture 4 Principles (cont.)

Lecture 5 Introduction - GAAP (Part 1)

Lecture 6 Introduction - GAAP (Part 2)

Lecture 7 Introduction - GAAP (Part 3)

Lecture 8 Transactions - The Accounting Equation

Lecture 9 Transactions - Debit and Credit Rules (Part 1)

Lecture 10 Transactions - Debit and Credit Rules (Part 2)

Lecture 11 Transactions - Analysis (Part 1)

Lecture 12 Transactions - Analysis (Part 2)

Lecture 13 Transactions - Analysis (Part 3)

Lecture 14 Transactions - Analysis (Part 4)

Lecture 15 Demo - Full Disclosure Principle

Lecture 16 Demo - Journal Process Practice

Lecture 17 Chapter 01 Review

Section 3: Chapter 02 - Overview of Internal Controls

Lecture 18 Overview of Internal Controls

Lecture 19 The Need for Internal Controls

Lecture 20 Overview of Internal Control

Lecture 21 Principles of Internal Control

Lecture 22 Principles of Internal Control (Part 1)

Lecture 23 Principles of Internal Control (Part 2)

Lecture 24 Principles of Internal Control (Part 3)

Lecture 25 Principles of Internal Control (Part 4)

Lecture 26 Principles of Internal Control (Part 5)

Lecture 27 Control Concepts

Lecture 28 Overview of Internal Control (Cont.)

Lecture 29 Examples of Controls Across the Organization

Lecture 30 Overview of Sarbanes Oxley Sections 302 and 404

Lecture 31 Implications of SOX

Lecture 32 Control Concepts (Part 1)

Lecture 33 Control Concepts (Part 2)

Lecture 34 Audit Process and Conduct

Lecture 35 Internal Controls - Bottom Line

Lecture 36 Demo - Internal Control Reporting

Lecture 37 Chapter 02 Review

Section 4: Chapter 03 - Subsidiary Ledgers and Special Journals

Lecture 38 Subsidiary Ledgers and Special Journals

Lecture 39 Subsidiary Ledgers

Lecture 40 Subsidiary Ledger

Lecture 41 Subsidiary Ledgers (Cont.)

Lecture 42 Accounts Receivable - Aging of Subledger

Lecture 43 Using Special Journals

Lecture 44 Special Journals - Sales Journal

Lecture 45 Special Journals - Posting Sales Journal (Part 1)

Lecture 46 Special Journals - Posting Sales Journal (Part 2)

Lecture 47 Special Journals - Posting Sales Journal (Part 3)

Lecture 48 Special Journals - Posting Sales Journal (Part 4)

Lecture 49 Special Journals - Posting Sales Journal (Part 5)

Lecture 50 Special Journals - Posting Sales Journal (Part 6)

Lecture 51 Special Journals - Control Accounts (Part 1)

Lecture 52 Special Journals - Control Accounts (Part 2)

Lecture 53 Special Journals - Control Accounts (Part 3)

Lecture 54 Special Journals - Control Accounts (Part 4)

Lecture 55 Special Journals - Control Accounts (Part 5)

Lecture 56 Special Journals - Cash Receipts (Part 1)

Lecture 57 Special Journals - Cash Receipts (Part 2)

Lecture 58 Special Journals - Cash Receipts (Part 3)

Lecture 59 Special Journals - Cash Receipts (Part 4)

Lecture 60 Special Journals - Cash Receipts (Part 5)

Lecture 61 Special Journals - Cash Receipts (Part 6)

Lecture 62 Special Journals - Cash Receipts (Part 7)

Lecture 63 Special Journals - Cash Receipts (Part 8)

Lecture 64 Special Journals - Cash Receipts (Part 9)

Lecture 65 Special Journals - Cash Receipts (Part 10)

Lecture 66 Special Journals - Posting Cash Receipts (Part 1)

Lecture 67 Special Journals - Posting Cash Receipts (Part 2)

Lecture 68 Special Journals - Posting Cash Receipts (Part 3)

Lecture 69 Special Journals - Cash vs. Credit Card

Lecture 70 Special Journals - Purchases (Part 1)

Lecture 71 Special Journals - Purchases (Part 2)

Lecture 72 Special Journals - Purchases (Part 3)

Lecture 73 Special Journals - Purchases (Part 4)

Lecture 74 Special Journals - Purchases (Part 5)

Lecture 75 Special Journals - Purchases (Part 6)

Lecture 76 Special Journals - Purchases (Part 7)

Lecture 77 Special Journals - Purchases (Part 8)

Lecture 78 Special Journals - Purchases (Part 9)

Lecture 79 Special Journals - Cash Payments

Lecture 80 Special Journals Summary

Lecture 81 Demo - Cash Receipts Journal

Lecture 82 Chapter 03 Review

Section 5: Chapter 04 – Reconciliations

Lecture 83 Reconciliations

Lecture 84 Purpose

Lecture 85 Accounts To Be Reconciled

Lecture 86 Ownership and Accountability For Reconciliations

Lecture 87 A Reconciliation is a Critical Internal Control

Lecture 88 What is a Reconciliation

Lecture 89 Reconciliation

Lecture 90 “Reconciling Items” and Unreconciled Differences

Lecture 91 Bank Reconciliation Example

Lecture 92 Inventory Reconciliation Example

Lecture 93 Who Should Perform the Reconciliation?

Lecture 94 Exercise - Accounts Receivable Reconciliation (Part 1)

Lecture 95 Exercise - Accounts Receivable Reconciliation (Part 2)

Lecture 96 Who Can Review a Reconciliation?

Lecture 97 A Roll -forward Analysis

Lecture 98 Analytical Roll -forward

Lecture 99 Analytical Roll -forward of a Trade A/R Account

Lecture 100 Analytical Roll -forward of Cash

Lecture 101 Other Verifications of Account Balances

Lecture 102 Chapter 04 Review

Section 6: Chapter 05 - Correcting Entries

Lecture 103 Correcting Entries

Lecture 104 Correcting Entries (cont.)

Lecture 105 Corrections - The Wrong Amount (Part 1)

Lecture 106 Corrections - The Wrong Amount (Part 2)

Lecture 107 Corrections - The Wrong Amount (Part 3)

Lecture 108 Corrections - The Wrong Amount (Part 4)

Lecture 109 Corrections - The Wrong Amount (Part 5)

Lecture 110 Corrections - The Wrong Amount (Part 6)

Lecture 111 Corrections - The Wrong Amount (Part 7)

Lecture 112 Corrections - The Wrong Amount (Part 8)

Lecture 113 Corrections - The Wrong Amount (Part 9)

Lecture 114 Corrections - Reversing Entries

Lecture 115 Chapter 05 Review

Section 7: Chapter 06 - Sales Tax

Lecture 116 Sales Tax

Lecture 117 Sales Tax (cont.)

Lecture 118 Sales Tax - Calculations

Lecture 119 Sales Tax - Recording Transactions

Lecture 120 Sales Tax - Pay Collected Taxes

Lecture 121 Sales Tax - Paying Collected Taxes

Lecture 122 Sales Tax Rules and Filing

Lecture 123 Sales Tax Rates

Lecture 124 Sales Tax Rules and Filing

Lecture 125 Audits and Out of State Taxes

Lecture 126 Chapter 06 Review

Section 8: Chapter 07 – Budgeting

Lecture 127 Budgeting

Lecture 128 All Businesses Must Have a Strategic Plan

Lecture 129 Yearly Target Setting (Budgeting)

Lecture 130 Defining Objectives Part1

Lecture 131 Defining Objectives Part2

Lecture 132 Budgeting Defined

Lecture 133 Budgeting for Smaller Companies

Lecture 134 Types of Budgets

Lecture 135 Types of Budgets (cont.)

Lecture 136 Budgeting Development and Assumptions

Lecture 137 Bookkeeper Role in Budgeting

Lecture 138 Example Budget Spreadsheet

Lecture 139 Chapter 07 Review

Section 9: Chapter 08 - Accounting for Merchandising

Lecture 140 Accounting for Merchandising

Lecture 141 Merchandising Income Statement

Lecture 142 Manufacturing Income Statement

Lecture 143 Merchandising Income Statement (Cont.)

Lecture 144 Merchandising Revenue - Credits

Lecture 145 Credit Notes

Lecture 146 Credit Notes (cont.)

Lecture 147 Merchandising Revenue - Credit Notes

Lecture 148 Credit Notes

Lecture 149 Sales Discounts

Lecture 150 Calculating Sales Discounts

Lecture 151 Recording Sales Discounts

Lecture 152 Sales Discounts - Customer Account

Lecture 153 Net Sales On the Income Statement

Lecture 154 Purchasing Merchandise

Lecture 155 Periodic Inventory System

Lecture 156 Purchase Discounts

Lecture 157 Discounts - Purchase Discounts

Lecture 158 Discounts - Purchase Discounts (Cont.)

Lecture 159 Freight -in

Lecture 160 End of Period Income Statement

Lecture 161 Net Sales On the Income Statement (Cont.)

Lecture 162 Determine Cost of Goods On Hand

Lecture 163 Compute COGS for Income Statement

Lecture 164 Income Statement

Lecture 165 Perpetual Inventory System

Lecture 166 Perpetual Inventory System (cont.)

Lecture 167 Discounts - Purchase Discounts (Cont.)

Lecture 168 Cash on Delivery (COD)

Lecture 169 Demo - Merchandising Income Statement

Lecture 170 Chapter 08 Review

Section 10: Chapter 09 - Accounting for Cash

Lecture 171 Accounting for Cash

Lecture 172 Defining Petty Cash

Lecture 173 Trend in Petty Cash

Lecture 174 Accounting for Petty Cash – Establishing

Lecture 175 Accounting for Petty Cash - Cash Sheet

Lecture 176 Accounting for Petty Cash - Cash Sheet (cont.)

Lecture 177 Accounting For Petty Cash - Entries

Lecture 178 Accounting For Petty Cash - Entries (cont.)

Lecture 179 Accounting - Petty Cash - Reimbursing

Lecture 180 Petty Cash Entry

Lecture 181 Accounting for Cash Over or Short (Part 1)

Lecture 182 Accounting For Cash Over or Short (Part 2)

Lecture 183 Accounting For Cash Over or Short (Part 3)

Lecture 184 Accounting For Cash Over or Short (Part 4)

Lecture 185 Accounting - Cash Over or Short

Lecture 186 Good Cash Control in a Retail Business

Lecture 187 Accounting - Bank Statements Part1

Lecture 188 Accounting - Bank Statements Part2

Lecture 189 Bank Statements

Lecture 190 Bank Statements (cont.)

Lecture 191 Accounting - Bank Errors

Lecture 192 Accounting - Cash Book Errors

Lecture 193 Bank Reconciliation Process

Lecture 194 Bank Account Reconciliation (Part 1)

Lecture 195 Bank Account Reconciliation (Part 2)

Lecture 196 Bank Account Reconciliation (Part 3)

Lecture 197 Accounting - Bank Account Reconciling

Lecture 198 Demo - Bank Reconciliation

Lecture 199 Chapter 09 Review

Section 11: Chapter 10 – Payroll

Lecture 200 Payroll

Lecture 201 The Payroll Process

Lecture 202 Payroll Process - Gross Pay (Part 1)

Lecture 203 Payroll Process - Gross Pay (Part 2)

Lecture 204 Payroll Process - Gross Pay (Part 3)

Lecture 205 Payroll Process - Gross Pay (Part 4)

Lecture 206 Payroll Process - Gross Pay (Part 5)

Lecture 207 Payroll Process - Gross Pay (Part 6)

Lecture 208 Payroll Process - Deductions (Cont.)

Lecture 209 Payroll Process - Taxes

Lecture 210 Payroll Process - Taxes (cont.)

Lecture 211 Payroll Process - Deduction Tables

Lecture 212 Payroll Process - Deductions (Part 1)

Lecture 213 Payroll Process - Taxes (cont.)

Lecture 214 State Taxes

Lecture 215 Payroll Process - Deductions (Part 2)

Lecture 216 Payroll Process - Deductions (Part 3)

Lecture 217 Payroll Process - Voluntary Deductions

Lecture 218 Payroll Process - Net Pay

Lecture 219 Payroll Process - Recording (Part 1)

Lecture 220 Payroll Process - Earnings Record

Lecture 221 Payroll Process - Payroll Record (Part 1)

Lecture 222 Payroll Process - Payroll Record (Part 2)

Lecture 223 Payroll Process - Payroll Records

Lecture 224 Payroll Process - Recording (Part 2)

Lecture 225 Payroll Process - Recording Net Payroll

Lecture 226 Payroll Process - Employer Expenses

Lecture 227 Payroll Process - Recording (Part 3)

Lecture 228 Payroll Process - Making Payments

Lecture 229 Payroll Process - Vacation and Sick Pay

Lecture 230 Payroll Process - Accruals

Lecture 231 Payroll Process - Internal Controls

Lecture 232 Payroll Process - Internal Controls (cont.)

Lecture 233 Demo - Payroll Calculations and Entries

Lecture 234 Demo - Paycheck

Lecture 235 Chapter 10 Review

Section 12: Chapter 11 - Partnerships and Corporations

Lecture 236 Partnerships and Corporations

Lecture 237 Partnership - The Partnership

Lecture 238 Partnership - Partnership Accounting

Lecture 239 Partnership - The Drawing Account

Lecture 240 Admitting a New Partner

Lecture 241 Entry to Admit New Partner

Lecture 242 Death of a Partner

Lecture 243 Partner Withdrawal - Example 1

Lecture 244 Partner Withdrawal - Example 2

Lecture 245 Corporations

Lecture 246 Corporations - Shareholder Value

Lecture 247 Corporations - Share Ownership

Lecture 248 Sale of Common Stock

Lecture 249 Preferred Stock

Lecture 250 Preferred Stock - Sale of Shares

Lecture 251 Preferred Stock - Sale of Shares (cont.)

Lecture 252 Corporations - Authorized versus Issued

Lecture 253 Corporations - Dividends

Lecture 254 Corporations - Dividends (cont.)

Lecture 255 Shareholders Sale of Stock

Lecture 256 Chapter 11 Review

Section 13: Chapter 12 - Accounts Receivable and Bad Debts

Lecture 257 Accounts Receivable and Bad Debts

Lecture 258 Accounts Receivable - Aging (Part 1)

Lecture 259 Accounts Receivable - Aging (Part 2)

Lecture 260 Accounts Receivable - Aging (Part 3)

Lecture 261 Accounts Receivable - Aging (Part 4)

Lecture 262 Accounts Receivable - Accounts

Lecture 263 Accounts Receivable - Aging (Part 5)

Lecture 264 Accounts Receivable - The Balance Sheet

Lecture 265 Bad Debts - Writing Off

Lecture 266 Bad Debts - Recovering

Lecture 267 Bad Debts - Small Business

Lecture 268 Sale of Receivables

Lecture 269 Sale of Receivables - Entry

Lecture 270 Accounts Receivable Turnover

Lecture 271 Demo - Accounts Receivable Entries

Lecture 272 Chapter 12 Review

Section 14: Chapter 13 - Interim Profit or Loss

Lecture 273 Interim Profit or Loss

Lecture 274 Interim - Interim Statement

Lecture 275 Interim - Interim Statement (cont.)

Lecture 276 Interim - Preparing Interim Statement (Part 1)

Lecture 277 Interim - Preparing Interim Statement (Part 2)

Lecture 278 Interim - Preparing Interim Statement (Part 3)

Lecture 279 Chapter 13 Review

Section 15: Chapter 14 - Year End - Preparing to Close the Books

Lecture 280 Year End - Preparing to Close the Books

Lecture 281 Year End - Preparing to Close the Books (cont.)

Lecture 282 Year End - Inventory

Lecture 283 Year End - Adjusting Entries

Lecture 284 Year End - Adjusting Entries (cont.)

Lecture 285 Year End - Adjusting Entries Types

Lecture 286 Inventory Obsolescence

Lecture 287 Inventory Obsolescence (cont.)

Lecture 288 Inventory Reserves – Entries

Lecture 289 Inventory Write Offs – Entries

Lecture 290 Year End - The Worksheet

Lecture 291 The Spreadsheet

Lecture 292 The Spreadsheet (cont.)

Lecture 293 Chapter 14 Review

Section 16: Chapter 15 - Year End - Closing the Books

Lecture 294 Year End - Closing the Books

Lecture 295 Year End - Closing the Books (cont.)

Lecture 296 Year End - Closing Journal Entries (Part 1)

Lecture 297 Year End - Closing Journal Entries (Part 2)

Lecture 298 Year End - Closing Journal Entries (Part 3)

Lecture 299 Year End - Closing Journal Entries (Part 4)

Lecture 300 Year End - Closing Journal Entries (Part 5)

Lecture 301 Year End - Closing Journal Entries (Part 6)

Lecture 302 Year End - Closing Journal Entries (Part 7)

Lecture 303 Year End - Post Closing Trial Balance

Lecture 304 Year End - Financial Statements

Lecture 305 Year End - Income Statement

Lecture 306 Year End - Balance Sheet

Lecture 307 Accounting Information

Lecture 308 Demo - Real World Financials

Lecture 309 Chapter 15 Review

Section 17: Chapter 16 - Cash Flow

Lecture 310 Cash Flow

Lecture 311 What is Cash Flow?

Lecture 312 Categories of Cash Flow

Lecture 313 Cash From Operations

Lecture 314 Why We Manage Cash Flow

Lecture 315 Cash Flow - The Indirect Method (Part 1)

Lecture 316 Cash Flow - The Indirect Method (Part 2)

Lecture 317 Cash Flow - The Indirect Method (Part 3)

Lecture 318 Cash Flow - The Indirect Method (Part 4)

Lecture 319 The Direct Method

Lecture 320 Maximizing Cash Flow

Lecture 321 Cash Cycle

Lecture 322 Revenue and Receivables

Lecture 323 Expenses and Payables

Lecture 324 Inventory

Lecture 325 Capital / Investment

Lecture 326 Quick Ratio

Lecture 327 Cash Flow Adequacy Ratio

Lecture 328 Chapter 16 Review

Lecture 329 Course Closure

Small and medium business owners,Bookkeepers and accountants,Payroll management staff,Financial auditors,Business decision makers