Training Course

Effective Bookkeeping and Payroll

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Course Syllabus(379 Lessons)

Effective Bookkeeping and Payroll: Module 03 - Subsidiary Ledgers and Journals

Course Description

In this course, you will learn primary bookkeeping functions through the exploration of basic terms, additional principles and practices, and real world examples.

The essential principles will include GAAP, the accounting equation, debit and cash rules, transaction analysis, and the journaling process. We will also discuss practices for sales tax, budgeting, payroll, accounts receivable, inventory and merchandising accounting, closing the books, interpreting cash flow, and other basic bookkeeping functions.*

You will gain an understanding of internal controls, which will be specific to cash, subledgers, and reconciliations. Depending on the size of your organization, bookkeeping can mean reporting transactions, journalizing, posting to ledger accounts, and preparing a trial balance. With new technology, bookkeepers are able to prepare reports and conduct analysis.

*Although the course will focus on a sole proprietorship, most of what you learn will be easily applied to a partnership or a corporation.

Course Details

Level:
Intermediate
Duration:
14h 26m 28s
Students:
10

Instructor

Susan Schmit

I am a technically trained CPA who has spent most of my professional career as the manufacturing controller for the Fortune 500 company, Corning Incorporated. I’ve held various technical and manufacturing accounting rolls, such as serving as the President of ECT Solutions. I was also a college professor of accounting for 5 years. I currently works as a controller at Persistent Systems.
Susan SchmitInstructor and Curriculum Developer

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