Accounting and Bookkeeping Studies

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.