Begin your career journey into the high-demand field of bookkeeping by mastering QuickBooks 2018 — the leading financial software tool for small businesses. After an in-depth study of QuickBooks, you will learn the principles of payroll management. By the end of this comprehensive training, you will be an expert in payroll from basic accounting to double-entry bookkeeping. You will learn through hands-on activities designed to help you understand skills like handling accounts receivable and payable, accounting for fixed assets, and recording inventory.
Professional Bookkeeping with QuickBooks 2018 and Payroll Practice and Management cover critical areas of payroll administration and management. You will learn the major components of the Fair Labor Standards Act of 1938, as well as the Internal Revenue Code. Each of these will provide a foundation of knowledge regarding the classification of workers, the calculation and payment of overtime, minimum wage, child labor, and all other relevant wage and hour laws.
You will learn the relevant sections of the Internal Revenue Code and state code relating to the calculation, withholding and reporting of required taxes on wages. But, there is more to payroll than calculating gross wages and taxes. You will learn about the year-end forms that payroll is required to process, as well as how to handle garnishments and manage the department itself.
By the time you finish this course bundle, you will be ready for an entry level career and well-versed in the many facets of payroll administration and management, including garnishments and levies, year-end reporting forms, direct deposit, record retention, writing payroll procedures, and staff training.
Professional
Bookkeeping with QuickBooks 2018
I. Lesson
1: QuickBooks Basics
A. Welcome
to QuickBooks: Demonstrate how to set up a QuickBooks company file for
a business by creating an Ace Photography QuickBooks company file.
B. Working
with Company Files: Have a better understanding of how to work with
company files in QuickBooks precisely and accurately.
C. Securing
Your Company Files: Demonstrate how to secure company files in
QuickBooks by
managing
users and data.
II. Lesson 2:
Bookkeeping Building Blocks
A. Bookkeeping
Defined: Apply bookkeeping concepts to accounting problems.
B. The
Journal, the Ledger, and Special Journals: Run QuickBooks reports for
the general journal and the general ledger, as well as reports for
subsidiary journals.
III. Lesson 3: Preparing
the Company File
A. The
Chart of Accounts: Work with the Chart of Accounts in QuickBooks,
including adding and changing accounts.
B. Company
Lists: Administer various company lists in QuickBooks by adding
customers and vendor.
IV. Lesson 4: Cash and
Fixed Asset Transactions
A. Bank
Accounts and Cash Transactions in QuickBooks: Record bank account
transactions in QuickBooks by entering cash account transactions and
completing a bank reconciliation.
B. Fixed
Assets and Depreciation in QuickBooks: Record fixed assets and
depreciation in QuickBooks.
V. Lesson 5:
Understanding Accounts Payable
A. Accounts
Payable I: Record bills in QuickBooks by entering various accounts
payable transactions into the course.
B. Accounts
Payable II: Produce accounts payable history and reports in QuickBooks.
VI. Lesson 6: Reviewing
Accounts Receivable
A. Accounts
Receivable I: Demonstrate the invoice procedure by producing a customer
invoice in QuickBooks.
B. Accounts
Receivable II: By the end of this lesson, you will be able to manage
payments, deposits, and returned checks in QuickBooks.
C. Accounts
Receivable III: Check for outstanding invoices and bill for the
reimbursement of expenses in QuickBooks.
D. Batch
Invoicing and Creating Letters: Produce batches of invoices and
customer letters in QuickBooks.
VII. Lesson 7: Managing
Inventory Transactions
A. Introduction
to Inventory and Customer Estimates: Create and revise customer
estimates, and you will practice recording and tracking inventory
transactions.
B. List
Items and Inventory in QuickBooks: Assign classes, add and edit
multiple list entries, and track inventory in QuickBooks.
C. Ordering
and Selling Inventory in QuickBooks: Order and sell inventory by
creating sales and purchase orders and receiving inventory.
D. Vendor
Discounts and Credits and Adjusting Inventory in QuickBooks: Manage
vendor discounts and credits and adjust inventory in QuickBooks.
E. Tracking
Price Levels and Customer Discounts in QuickBooks: Manage price levels
and customer discounts in QuickBooks by creating price levels,
discounted items, and
customer discounts.
F. Working
with Customer Balances: Learn techniques for working with customer
balances in QuickBooks.
VIII. Lesson 8: Closing
the Books and Reporting in QuickBooks
A. Closing
the Books and Reporting: How to close the books in QuickBooks and how
to run and use important reports.
B. Your
Career Roadmap: The Job Search and Future Opportunities: How the job
market works, and you will obtain skills to help you navigate it.
C. Communication:
Learn basic concepts related to effective business communication.
Payroll
Practice and Management
I. Lesson 1: Introduction
to the Fair Labor Standards Act (FLSA)
A. CH
1: Get Ready to Learn
B. CH 2:
History of the Act
C. CH 3: Amendments to the Act
D. CH 4: Rules of Coverage
E. CH 5: Jurisdictions
F. CH 6: Audits
G. CH 7: Penalties
H. CH 8: Miscellaneous Topics
I. CH 9: Review and Reflect
II. Lesson 2:
Classification of Workers
A. CH 1: Get Ready to Learn
B. CH 2: Who Is the Employer?
C. CH 3: Categories of Workers
D. CH 4: Common-law Employees
E. CH 5: Independent Contractors
F. CH 6: Reporting Requirements
G. CH 7: Statutory Employees
H. CH 8: Statutory Non-employees
I. CH 9: Leased Employees
J. CH 10: Employees under the FLSA
K. CH 11: Review and Reflect
III. Lesson 3: White
Collar Exemptions
A. CH 1: Get Ready to Learn
B. CH 2: Exempt vs. Nonexempt
C. CH 3: Salary Level Test
D. CH 4: Salary Basis Test
E. CH 5: Executive Employee Category
F. CH 6: Administrative Category
G. CH 7: Professional Category
H. CH 8: Computer Professionals
I. CH 9: Highly Compensated Workers
J. CH 10: Sales Employees
K. CH 11: Other Categories of Workers
L. CH 12: Review and Reflect
IV. Lesson 4: Calculating
Gross Pay
A. CH 1: Get Ready to Learn
B. CH 2: Rule of Constructive Receipt
C. CH 3: Minimum Wage
D. CH 4: Deductions from Pay
E. CH 5: Hours Worked
F. CH 6: Overtime
G. CH 7: Regular Rate of Pay
H. CH 8: Calculating Regular Rate of Pay
I. CH 9: Calculating Overtime
J. CH 10: Review and Reflect
V. Lesson 5: Specialized
Payrolls, Employees, or Regulations
A. CH 1: Get Ready to Learn
B. CH 2: Worker Adjustment and Retraining
Notification Act (WARN)
C. CH 3: Davis-Bacon Act
D. CH 4: Walsh-Healey Act
E. CH 5: McNamara-O'Hara Service Contract Act
F. CH 6: Public Sector Employees
G. CH 7: Hospital Employees
H. CH 8: Federal New Hire Reporting
I. CH 9: Child Labor
J. CH 10: Review and Reflect
VI. Lesson 6: State Wage and Hour Law
A. CH 1: Get Ready to Learn
B. CH 2: Relevant Areas of Law
C. CH 3: State Listings
D. CH 4: Review and Reflect
VII. Lesson 7: Federal
Income Tax
A. CH 1: Get Ready to Learn
B. CH 2: Definition of Federal Taxation
C. CH 3: EIN and Form SS-4
D. CH 4: FICA Taxes
E. CH 5: Federal Unemployment Tax Act (FUTA)
F. CH 6: Withholding
G. CH 7: Deposit Rules
H. CH 8: Review and Reflect
VIII. Lesson 8: State
Taxes
A. CH 1: Get Ready to Learn
B. CH 2: Types of Taxes
C. CH 3: State Tax Chart
D. CH 4: Multi-state Taxation
E. CH 5: Review and Reflect
IX. Lesson 9: Employee
Withholding Allowance Certificate (Form W-4)
A. CH 1: Get Ready to Learn
B. CH 2: Basic Requirements
C. CH 3: Withholding Allowances
D. CH 4: Invalid Forms W-4
E. CH 5: Nonresident Aliens
F. CH 6: Submitting Forms
G. CH 7: State Form W-4
H. CH 8: Review and Reflect
X. Lesson 10: Wages and
Compensation
A.CH 1: Get Ready to Learn
B. CH 2: What Are Wages?
C. CH 3: Types of Compensation
D. CH 4: Supplemental Wages
E. CH 5: State Requirements for Supplemental Wages
F. CH 6: Payroll Period
G. CH 7: Special Compensation
H. CH 8: Review and Reflect
XI. Lesson 11: Wage and
Tax Reports
A. CH 1: Get Ready to Learn
B. CH 2: Employer's Quarterly Federal Tax Return
(Form 941)
C. CH 3: Completing Form 941
D. CH 4: Schedule B (Form 941)
E. CH 5: Completing Schedule B
F. CH 6: Schedule D (Form 941)
G. CH 7: Completing Schedule D
H. CH 8: Form 941-X
I. CH 9: Completing Form 941-X
J. CH 10: State Form
K. CH 11: Form 941 Series
L. CH 12: Multiple Worksite Report
M. CH 13: Review and Reflect
XII. Lesson 12: Fringe
Benefits: Deferred Compensation
A. CH 1: Get Ready to Learn
B. CH 2: Overview of Fringe Benefits
C. CH 3: Qualified Deferred Compensation
D. CH 4: 401(k) Plans
E. CH 5: 403(b) Tax Sheltered Annuities
F. CH 6: Section 457 Plans
G. CH 7: Catch-up Contribution Limits
H. CH 8: Simplified Employee Pension Plan (SEP)
I. CH 9: Savings Incentive Match Plan for Employees
(SIMPLE)
J. CH 10: Additional Reporting Form W-2
K. CH 11: Pension Plan Deposit Rules
L. CH 12: Source Tax
M. CH 13: Non-qualified Deferred Compensation
N. CH 14: Review and Reflect
XIII. Lesson 13: Fringe
Benefits: Tax Preferred Compensation
A. CH 1: Get Ready to Learn
B. CH 2: What Are Tax Preferred Benefits?
C. CH 3: Section 125 Plans (Cafeteria Plans)
D. CH 4: Section 129 Plans
E. CH 5: Flexible Spending Accounts
F. CH 6: Review and Reflect
XIV. Lesson 14: Fringe
Benefits: Other Benefits
A. CH 1: Get Ready to Learn
B. CH 2: Adoption Assistance
C. CH 3: Educational Assistance
D. CH 4: Relocation Expenses
E. CH 5: Stock Options
F. CH 6: Transportation
G. CH 7: Company Car
H. CH 8: Company Aircraft
I. CH 9: Review and Reflect
XV. Lesson 15: Fringe
Benefits: Health, Life, Accident, and Sick Pay Benefits
A. CH 1: Get Ready to Learn
B. CH 2: Health Insurance
C. CH 3: Third Party Sick Pay
D. CH 4: Life Insurance
E. CH 5: Workers' Compensation
F. CH 6: Review and Reflect
XVI. Lesson 16:
International Payrolls
A. CH 1: Get Ready to Learn
B. CH 2: Expatriates and Resident Aliens
C. CH 3: IRC Section 911
D. CH 4: Taxes for Resident Aliens
E. CH 5: Nonresident Aliens
F. CH 6: Form W-4 and Nonresident Aliens
G. CH 7: Taxes for Nonresident Aliens
H. CH 8: State Laws for Resident and Nonresident
Aliens
I. CH 9: Review and Reflect
XVII. Lesson 17:
Garnishments (71)
A. CH 1: Get Ready to Learn
B. CH 2: What Is Garnishment?
C. CH 3: Child Support Withholding
D. CH 4: Medical Support Orders
E. CH 5: Federal Tax Levies
F. CH 6: State Tax Levies
G. CH 7: Creditor Garnishments
H. CH 8: Student Loans
I. CH 9: Bankruptcies
J. CH 10: Voluntary Wage Assignments
K. CH 11: Review and Reflect
XVIII. Lesson 18: Year
End and Year Beginning
A. CH 1: Get Ready to Learn
B. CH 2: Verifying Employee Names and Social
Security Numbers
C. CH 3: Year-End Memo
D. CH 4: Preparing the
Department
E. CH 5: Duplicate Form W-2 Requests
F. CH 6: Preparing and Filing Year End Tax Forms
G. CH 7: Correcting Previously Filed Year-End Tax
Forms and Reports
H. CH 8: Abandoned Wages
I. CH 9: Review and Reflect
XIX. Lesson 19: Payroll
Administration
A. CH 1: Get Ready to Learn
B. CH 2: Payroll Systems
C. CH 3: Payroll Controls
D. CH 4: Direct Deposit
E. CH 5: Electronic Pay Cards
F. CH 6: Dealing With the IRS
G. CH 7: Review and Reflect
XX. Lesson 20: Managing
the Payroll Department
A. CH 1: Get Ready to Learn
B. CH 2: Department
Procedures
C. CH 3: Managing Payroll Staff
D. CH 4: Auditing for Fraud
E. CH 5: Disaster Recovery
F. CH 6: Managing Security
G. CH 7: Review and Reflect
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 is a consultant for small businesses, travel agencies, and home-based business startups with more than 25 years of experience. Her company Home Office Management Experts was awarded the 2004 Home-Based Business of the Year by the U.S. Small Business Administration. She is also a QuickBooks Certified Advisor and bookkeeper. She holds a Bachelor of Arts from Fairleigh Dickinson University.
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