Online Bookkeeping and Payroll Management Training

Frequently Asked Questions

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 a company file in QuickBooks Online.
• Perform fundamental analysis of accounts, financial documents, and reports.
• Apply basic accounting principles to bookkeeping practices and duties.
• Understand fundamental accounting concepts, including how QuickBooks works to support these concepts.
• Explain the use of the forms required to withhold, deposit, and report federal income taxes.
• Recognize dates, procedures, and regulations to ensure payroll compliance and reporting.
• Correctly process payroll from start to finish (payroll project).
• Be prepared to pass both the FPC and QBCU exams.

Prerequisites and Requirements

There are no prerequisites to take this course

Curriculum

1. Professional Bookkeeping with QuickBooks Online
   1. Introduction to Bookkeeping
   2. Accounting Basics
   3. Getting Started With QuickBooks Online
   4. The Chart of Accounts
   5. Centers and Lists
   6. Bank Accounts
   7. Recording Expenses and Paying Bills
   8. Credit Cards and Loans
   9. Sales Receipts
   10. Invoices, Estimates, and Customizing Sales Forms
   11. Billable Expenses and Customer Credits
   12. Sales Taxes and Reports
   13. Midterm Exam
   14. Product and Service Items
   15. Managing Inventory
   16. Managing Projects and Sales
   17. Progress Invoicing, Late Fees, and Bad Debts
   18. Payroll
   19. Fixed Assets and Loans
   20. Business Entities and Owner Transactions
   21. Banking Rules, Receipts, and Budgets
   22. Adjusting and Reviewing the Books
   23. Starting a Bookkeeping Business
   24. Your Career Roadmap: The Job Search and Future Opportunities (Optional Lesson)
   25. Communication and Organization (Optional Lesson)
   26. Final Exam


2. Payroll Practice and Management
   1. Introduction to Payroll
   2. Determining Worker Status
   3. The Fair Labor Standards Act (FLSA)
   4. Federal Employment Taxes
   5. Payroll Forms
   6. Fringe Benefits – Tax-Preferred and Other Related Health Benefits
   7. Fringe Benefits – Deferred Comp, Retirement Plans, and Stock Options
   8. Other Employee Benefits
   9. Calculating Gross Wages
   10. Calculating Gross Pay – Additional Topics
   11. Paycheck Calculation – Taxes
   12. Paycheck Calculation – Voluntary and Involuntary Deductions
   13. Gross to Net Paycheck Calculation
   14. Compliance – Laws and Reporting
   15. Global Payroll
   16. Payroll Process and Systems, and Audits
   17. Paying the Employee
   18. Payroll Administration and Management
   19. Basic Accounting
   20. Exploring Payroll Careers
   21. Exam Preparation
   22. Payroll Project

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.