Bookkeeping and Payroll Management

Become an Expert Bookkeeper

close up of a computer and hand of a bookkeeper

Bookkeeping forms the backbone of every organization's payroll efforts. Payroll processing is among the most technical and precise operations in any business or organization. This 100% online course will teach you the best practices for managing bookkeeping and payroll operations. Key topics include payroll functions, using QuickBooks 2019 for basic accounting and more.

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Job Outlook for Bookkeepers and Payroll Managers

  • According to employment experts at Robert Half, payroll administrators earn on average $40,250 per year. Payroll managers' and supervisors' pay often exceeds $75,000 per year.
  • As part of the growing human resource (HR) domain, payroll managers are expected to participate in 7% job growth for the HR field, according to the US Bureau of Labor Statistics (BLS).
  • com cites bookkeeping skills as highly transferable to financial supervisory, analysis or managerial roles. The site calls bookkeeper an "ideal choice" for those who are motivated to keep organizations on track with regard to their finances.

FAQs about Bookkeeping and Payroll Management

WHAT DOES PAYROLL PRACTICE AND MANAGEMENT INVOLVE?
Payroll processors make sure employees are paid on time and at the correct rate. They arrange to withhold and process payroll-related taxes and other expenses such as insurance or retirement savings. And they resolve pay issues and inquiries. Payroll managers keep an organization in compliance with federal, state and local tax regulations and ensure that all payroll reporting is timely and accurate.

HOW ARE BOOKKEEPING AND PAYROLL RELATED?
Bookkeepers serve on the front lines of a person, company or organization's financial health. Payroll is a key aspect of an organization’s finances, so bookkeepers are often tasked with handling both. Strong bookkeepers set up, deploy and manage systems that record the flow of funds into (revenue) and out of (payroll and expenses) an entity's accounts.

WHY DO BOOKKEEPERS NEED QUICKBOOKS?
QuickBooks® has replaced the manual entry functions of traditional bookkeeping. However, the organization, reporting and use of financial data still rely heavily on human input and processing. Knowing how to automate your bookkeeping practice with QuickBooks is an important aspect to staying competitive in today’s job market.

Course Objectives

  • Set up and utilize QuickBooks 2019
  • Perform basic bookkeeping equations
  • Apply the concepts of accrual accounting to transactions that span fiscal periods and trace the effect of accrual and deferral transactions
  • Master the mathematics and formulas for calculating wages and taxes
  • Learn the benefits and compensation programs commonly offered by employers
  • Understand the regulations governing payroll practices, including the Fair Labor Standards Act of 1938 and the Internal Revenue Code

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Prerequisites and Requirements

There are no prerequisites to take this course.

Curriculum

Payroll Practice and Management
INTRODUCTION TO PAYROLL
DETERMINING WORKER STATUS
THE FAIR LABOR STANDARDS ACT (FLSA)
FEDERAL EMPLOYMENT TAXES
PAYROLL FORMS
FRINGE BENEFITS – TAX-PREFERRED AND OTHER RELATED HEALTH BENEFITS
FRINGE BENEFITS – DEFERRED COMP, RETIREMENT PLANS, AND STOCK OPTIONS
OTHER EMPLOYEE BENEFITS
CALCULATING GROSS WAGES
CALCULATING GROSS PAY – ADDITIONAL TOPICS
PAYCHECK CALCULATION – TAXES
PAYCHECK CALCULATION – VOLUNTARY AND INVOLUNTARY DEDUCTIONS
GROSS TO NET PAYCHECK CALCULATION
COMPLIANCE – LAWS AND REPORTING
GLOBAL PAYROLL
PAYROLL PROCESS AND SYSTEMS, AND AUDITS
PAYING THE EMPLOYEE
PAYROLL ADMINISTRATION AND MANAGEMENT
BASIC ACCOUNTING
EXPLORING PAYROLL CAREERS
EXAM PREPARATION
PAYROLL PROJECT

Professional Bookkeeping with QuickBooks 2019
WELCOME TO QUICKBOOKS
WORKING WITH COMPANY FILES
SECURING YOUR COMPANY FILES
BOOKKEEPING DEFINED
THE JOURNAL, THE LEDGER, AND SPECIAL JOURNALS
THE CHART OF ACCOUNTS
COMPANY LISTS
BANK ACCOUNTS AND CASH TRANSACTIONS
FIXED ASSETS AND DEPRECIATION IN QUICKBOOKS
ACCOUNTS PAYABLE I
ACCOUNTS PAYABLE II
MIDTERM
ACCOUNTS RECEIVABLE I
ACCOUNTS RECEIVABLE II
ACCOUNTS RECEIVABLE III
BATCH INVOICING
INTRODUCTION TO INVENTORY AND CUSTOMER ESTIMATES
LIST OF ITEMS AND INVENTORY IN QUICKBOOKS
ORDERING AND SELLING INVENTORY IN QUICKBOOKS
TRACKING PRICE LEVELS AND CUSTOMER DISCOUNTS IN QUICKBOOKS
WORKING WITH CUSTOMER BALANCES
CLOSING THE BOOKS AND REPORTING
YOUR CAREER ROADMAP
COMMUNICATION AND ORGANIZATION
PORTFOLIO PROJECT
FINAL EXAM

Instructors

Wade Lindenberger

Wade Lindenberger is a CPA with over 20 years of financial accounting and management experience in public accounting and private industry. He is currently Director of Finance and Administration for New Children's Museum. Before his current position, he worked as the National Finance and Accounting Service Line Leader for Premier Alliance Group, a national professional services firm. Wade was also Director of the Finance and Accounting service line for the San Diego office of a global, publicly held professional services firm. Before becoming a consultant, Wade was Divisional Controller for one of the leading health and fitness club chains in the world. He has also been Internal Audit Manager and Divisional Controller for a division of a Fortune 500 global energy project management company. He began his career with Coopers & Lybrand, predecessor to PricewaterhouseCoopers, one of the "Big Four" CPA firms. He has previously served as an instructor for courses at Coopers & Lybrand and at the University of California at San Diego for the Extension Course and is currently an adjunct professor at the University of San Diego School of Business. He is a member of the American Institute of Certified Bookkeepers' Advisory Board.

Helene K. Liatsos

Helene K. Liatsos is business advisor and QuickBooks Certified Advisor with more than 25 years of experience. She consults for a range of companies, from travel agencies to startups. Her company Home Office Management Experts was awarded the 2004 Home-Based Business of the Year by the U.S. Small Business Administration. Helene holds a Bachelor of Arts from Fairleigh Dickinson University.

Registration and Enrollment

This course is 100% online. Start anytime.

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