After completing this course, you should be able to:
• Identify the daily tasks and procedures involved with bookkeeping
• Define inventory systems and the steps needed to issue financial statements
• Recall the methods for managing credits and collections
• List the steps involved in accounts payable and recordkeeping
• Identify the basics of payroll management
Price: $2,895.00

    Every business, no matter how large or small, must “keep books” and as organizations increase and financial regulations become stricter, there is a greater demand for Certified, Professional Bookkeepers. Our Professional Bookkeeping course will cover the multitude of areas that a bookkeeper may address during the work day - how to handle payroll, purchases, billings, cash, fixed assets, inventory, and create financial statements.
    Course 1-Bookkeeping Basics
    Lesson 1: The Basics of Bookkeeping
    • The Bookkeeper Position
    • Difference Between Accounting and Bookkeeping
    • Financial Accounting Basics
    • The Accounting Cycle
    • Accrual Basis of Accounting
    • Chart of Accounts
    • The Ledger Concept
    • Trial Balance
    • Closing the Books
    • Journal Entries
    Lesson 2: Financial Statements
    • Income Statement Overview
    • Balance Sheets
    • Cash Flows
    • Interpretation of Financial Statements
    • Accounts Payable and Receivable
    • Profit Ratios
    • Bookkeeping Controls
    • Sales and Collection
    • Invoices
    • Cash Processing
    Lesson 3: Inventory and Assets
    • Payables System
    • Expense Report Processing
    • Petty Cash System
    • Inventory Accounting
    • Inventory Cost Layering Overview
    • Fixed Assets and Depreciation
    • Fixed Asset Classifications
    • Debt Accounting
    Course 2-Payroll and Credit
    Lesson 1: Payroll
    • Payroll Cycle
    • Employee Time Tracking
    • Gross Pay Calculations
    • Benefits and Deductions
    • Accounting for Payroll Transactions
    • Payroll Taxes
    • Workers’ Compensation Insurance
    • Income Tax Filings
    • Small Business Tax Reduction Strategies
    Lesson 2: Credit and Collections
    • Credit and Collection Management
    • Credit Procedures
    • Sales Orders
    • Credit Examination Procedures
    • Credit Controls
    • Collection Procedure
    • Collection Controls
    • Credit Policy
    Lesson 3: Credit Application
    • Adjustments to a Credit Application
    • Customer Credit Ratings
    • Third Party Credit Ratings
    • Ongoing Credit Monitoring
    • Credit Documentation
    • Financial Statements
    • Ratios
    • Liquidity Index
    • Credit Risk Reduction
    • Credit Insurance
    Course 3-Collections
    Lesson 1: Customer Billings and Collection Tactics
    • Billing Processing
    • Efficient and Effective Billing
    • Statement of Accounts
    • Payment Handling
    • Check Receipt
    • Tactics: Calls, Letters and Holds
    • Credit Repayments
    • Payment Deductions
    • Product Returns Management
    • Skip Tracing
    Lesson 2: Collections, Litigation and Laws
    • Management of a Collection Agency
    • Litigation and Bankruptcy Tactics
    • Chapter 11 Bankruptcy
    • Allowance for Doubtful Accounts
    • Credit and Collection Technology
    • Document Imaging
    • Product and Service Improvements
    • Credit and Collection Measurements
    • Credit and Collection Laws
    Lesson 3: Overview of Payables
    • Transaction Cycles
    • Invoice Processing
    • Processing Procedures
    • Types of Payments
    • Checks, Drafts, Transfers
    • Expense Reimbursement
    • Procurement Cards
    • Sales and Use Tax Overview
    • Tax Audits
    Course 4-Payables
    Lesson 1: Accounting for Payables
    • Finance Issues
    • Payment Timing
    • Applicable Accounts to Charge
    • Closing Payables
    • Expense Reports
    • Department Management
    • Payables Manager Responsibilities
    • Payables Controls
    • Payables Policies
    Lesson 2: Payables Record Keeping
    • Payables Fraud
    • Personal Purchases
    • Payables Technology
    • Automated W-9 Forms
    • Vendor Master File
    • Payables Filing System
    • Government Reporting
    • Unclaimed Property
    • Cost Recovery
    • Payables Management
    Lesson 3: Payroll Management
    • Payroll Cycle Duration
    • Electronic Payments
    • Definition of an Employee
    • W-2 Contractor
    • Employee Withholding Liability
    • Employee Time Tracking
    • Employee Compensation
    • Difference Between Salaries and Wages
    Course 5-Taxes and Benefits
    Lesson 1: Employee Benefits and Payroll Taxes
    • The Provider and Recipient of Benefits
    • Flexible Spending Accounts
    • Time Off
    • Payroll Deductions
    • Income Tax Withholding
    • Social Security Tax
    • Medicare Tax
    • Earned Income Credit
    • Common Paymaster Rule
    Lesson 2: Taxes and Accounting for Payroll
    • Tax Remittances
    • Tax Deposit Schedules
    • Accuracy of Deposits Rule
    • Unemployment Taxes
    • Unemployment Benefit Claims
    • Payments to Employees
    • Accounting Journal Entry
    • Accrued Wages, Bonuses and Commissions
    • Tax Deposits
    Lesson 3: Payroll Reports, Recordkeeping and Procedures
    • Payroll Register
    • Employment Application
    • Employer Identification Number
    • Forms: Timecard
    • Payroll Controls
    • Payroll Measurements
    • Payroll Entries to Headcount Ratio
    • Outsourcing Option
    All required reference materials are provided with this program. Technical requirements:

    Internet Connection
    • Broadband or High-Speed (DSL, Cable, Wireless)
    Hardware Requirements
    • Processor - 2GHz Processor or Higher
    • Memory - 1 GB RAM Minimum Recommended

    Software Requirements
    • Operating Systems - Windows 7, 8 or 10; Mac OS x 10 or higher
    • Microsoft Office 2007, 2010 or 2013 or a Word Processing application to save and open Microsoft Office formats (.doc, .docx, .xls, .xlsx, .ppt, .pptx)
    • Internet Browsers - Google Chrome is highly recommended
    • Cookies MUST be enabled
    • Pop-ups MUST be allowed (Pop-up Blocker disabled)
    • Adobe PDF Reader
    This course provides students with qualified support professionals to guide them through their learning experience. The student support team is available to answer any questions a learner may have including questions on course content, course material, certifications, and registration or enrollment questions. Support advisers also monitor the progress of learners to ensure training retention and program advancement.

    Product Type:
    Course Type:
    Professional Enrichment
    6 months
    Avg Completion:
    3 Months

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        • Take advantage of real-world experience outside of the classroom with an employer-based externship program
        • Work with a career counselor to schedule your certification exam (if applicable)
        • Complete an employer-ready resume with a career coach
        • Participate in live mock interviews and job guidance sessions

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