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Online Bookkeeping and Payroll Management Training

Online Bookeeping and Payroll Management Training

 

Become an Expert 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).
  • CareerBuilder.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.

Bookkeeping and Payroll Management FAQs

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 specific prerequisites for taking 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

VENDOR DISCOUNTS AND CREDITS & ADJUSTING 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, a 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 a 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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For more information and assistance contact

Director of Workforce Training & Community Programming
Sasha Nelson
Office: (970) 824-1118 

Leigh Sokol
Phone: (970) 824-1109

About CNCC

Colorado Northwestern is one college in two Colorado communities. Depending on what you want to study, CNCC has the perfect surroundings and facilities to meet your needs. Founded in 1962 as “Rangely College,” CNCC now serves nearly 1,800 students on two campuses, two service centers and online. Our two campuses are located in Craig and Rangely and are 90 miles apart in the mountains and canyons of Northwestern Colorado.

©2021 Colorado Northwestern Community College • 1-800-562-1105 • admissions@cncc.edu
500 Kennedy Drive • Rangely, CO 81648 / 2801 West 9th Street • Craig, CO 81625

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