Professional Bookkeeping

Professional Bookkeeping

Course Hours: 
270
Price: 
$1,500.00
Course Type: 
Mentor Supported
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  • Description
  • Objectives
  • Outline
  • Materials
  • Certification
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  • System Requirements
  • Watch a Demo

Are you well organized? Do you like working with official papers and enjoy seeing a set of figures add up properly? If so, Professional Bookkeeping could be the career for you!  Every business, no matter how large or small, must “keep books” and as organizations increase and financial regulations become stricter, there is a greater demand for Certified, Professional Bookkeepers. Our Professional Bookkeeping course will cover the multitude of areas that a bookkeeper may address during the work day - how to handle payroll, purchases, billings, cash, fixed assets, inventory, and create financial statements.

Prerequisite: None

 

After completing this course, you should be able to:

  • Identify the daily tasks and procedures involved with bookkeeping
  • Define inventory systems and the steps needed to issue financial statements
  • Recall the methods for managing credits and collections
  • List the steps involved in accounts payable and recordkeeping
  • Identify the basics of payroll management 

Professional Bookkeeping Module 1
The Basics of Bookkeeping

  • The Bookkeeper Position
  • Difference Between Accounting and Bookkeeping
  • Financial Accounting Basics
  • The Accounting Cycle
  • Accrual Basis of Accounting
  • Chart of Accounts
  • The Ledger Concept
  • Trial Balance
  • Closing the Books
  • Journal Entries

Professional Bookkeeping Module 2
Financial Statements

  • Income Statement Overview
  • Balance Sheets
  • Cash Flows
  • Interpretation of Financial Statements
  • Accounts Payable and Receivable
  • Profit Ratios
  • Bookkeeping Controls
  • Sales and Collection
  • Invoices
  • Cash Processing

Professional Bookkeeping Module 3
Payables Processing, Inventory and Assets

  • Payables System
  • Expense Report Processing
  • Petty Cash System
  • Inventory Accounting
  • Inventory Cost Layering Overview
  • Fixed Assets and Depreciation
  • Fixed Asset Classifications
  • Debt Accounting

Professional Bookkeeping Module 4
Payroll

  • Payroll Cycle
  • Employee Time Tracking
  • Gross Pay Calculations
  • Benefits and Deductions
  • Accounting for Payroll Transactions
  • Payroll Taxes
  • Workers’ Compensation Insurance
  • Income Tax Filings
  • Small Business Tax Reduction Strategies

Professional Bookkeeping Module 5
Credit and Collections

  • Credit and Collection Management
  • Credit Procedures
  • Sales Orders
  • Credit Examination Procedures
  • Credit Controls
  • Collection Procedure
  • Collection Controls
  • Credit Policy

Professional Bookkeeping Module 6
Credit Application

  • Adjustments to a Credit Application
  • Customer Credit Ratings
  • Third Party Credit Ratings
  • Ongoing Credit Monitoring
  • Credit Documentation
  • Financial Statements
  • Ratios
  • Liquidity Index
  • Credit Risk Reduction
  • Credit Insurance

Professional Bookkeeping Module 7
Customer Billings and Collection Tactics

  • Billing Processing
  • Efficient and Effective Billing
  • Statement of Accounts
  • Payment Handling
  • Check Receipt
  • Tactics: Calls, Letters and Holds
  • Credit Repayments
  • Payment Deductions
  • Product Returns Management
  • Skip Tracing

Professional Bookkeeping Module 8
Collections, Litigation and Laws

  • Management of a Collection Agency
  • Litigation and Bankruptcy Tactics
  • Chapter 11 Bankruptcy
  • Allowance for Doubtful Accounts
  • Credit and Collection Technology
  • Document Imaging
  • Product and Service Improvements
  • Credit and Collection Measurements
  • Credit and Collection Laws

Professional Bookkeeping Module 9
Overview of Payables

  • Transaction Cycles
  • Invoice Processing
  • Processing Procedures
  • Types of Payments
  • Checks, Drafts, Transfers
  • Expense Reimbursement
  • Procurement Cards
  • Sales and Use Tax Overview
  • Tax Audits

Professional Bookkeeping Module 10
Accounting for Payables

  • Finance Issues
  • Payment Timing
  • Applicable Accounts to Charge
  • Closing Payables
  • Expense Reports
  • Department Management
  • Payables Manager Responsibilities
  • Payables Controls
  • Payables Policies

Professional Bookkeeping Module 11
Payables Record Keeping

  • Payables Fraud
  • Personal Purchases
  • Payables Technology
  • Automated W-9 Forms
  • Vendor Master File
  • Payables Filing System
  • Government Reporting
  • Unclaimed Property
  • Cost Recovery
  • Payables Management

Professional Bookkeeping Module 12
Payroll Management

  • Payroll Cycle Duration
  • Electronic Payments
  • Definition of an Employee
  • W-2 Contractor
  • Employee Withholding Liability
  • Employee Time Tracking
  • Employee Compensation
  • Difference Between Salaries and Wages

Professional Bookkeeping Module 13
Employee Benefits and Payroll Taxes

  • The Provider and Recipient of Benefits
  • Flexible Spending Accounts
  • Time Off
  • Payroll Deductions
  • Income Tax Withholding
  • Social Security Tax
  • Medicare Tax
  • Earned Income Credit
  • Common Paymaster Rule

Professional Bookkeeping Module 14
Taxes and Accounting for Payroll

  • Tax Remittances
  • Tax Deposit Schedules
  • Accuracy of Deposits Rule
  • Unemployment Taxes
  • Unemployment Benefit Claims
  • Payments to Employees
  • Accounting Journal Entry
  • Accrued Wages, Bonuses and Commissions
  • Tax Deposits

Professional Bookkeeping Module 15
Payroll Reports, Recordkeeping and Procedures

  • Payroll Register
  • Employment Application
  • Employer Identification Number
  • Forms: Timecard
  • Payroll Controls
  • Payroll Measurements
  • Payroll Entries to Headcount Ratio
  • Outsourcing Option
     

**Outlines are subject to change, as courses and materials are updated.**

Ed4Online is committed to being both environmentally conscious and making it easier for you to study! We’re making your education mobile! All of our textbooks are now provided as eTextbooks. You can access them on your laptop, tablet, or mobile device and can study anytime, anywhere.

The move away from physical books to eTextbooks means you get the latest, most up-to-date version available. This also makes your training more accessible, so you can study anywhere you have your phone or tablet. The best part is that all materials are included in your training cost so there are NO extra fees for books!

Upon successful completion of our Professional Bookkeeping course, students will be prepared for an entry-level position as a bookkeeper in an office setting and will be prepared to sit for the NACPB national certification exam. NACPB's Bookkeeper Certification assures employers you have bookkeeping knowledge and skill. You obtain the Certification by passing the Uniform Bookkeeper Certification Examination.

**Certification exams are not included in the cost of the course.**

 International Association for Continuing Education and Training (IACET)

Ed4Online has been approved as an Accredited Provider by the International Association for Continuing Education and Training (IACET). In obtaining this accreditation, Ed4Online has demonstrated that it complies with the ANSI/IACET Standard which is recognized internationally as a standard of good practice. As a result of the Accredited Provider status, Ed4Online is authorized to offer IACET CEUs for courses and programs that qualify under the ANSI/IACET Standard.

The Continuing Education Unit (CEU) was created by IACET as a measurement of continuing education. One (1) IACET CEU is equal to ten (10) contact hours of participation in an organized continuing education experience under responsible sponsorship, capable direction, and qualified instruction. Under IACET's care, the IACET CEU has evolved from a quantitative measure to a hallmark of quality training and instruction. For more information on IACET, visit iacet.org.

Internet Connection

  • Broadband or High-Speed - DSL, Cable, and Wireless Connections

*Dial-Up internet connections will result in a diminished online experience. Classroom pages may load slowly and viewing large audio and video files may not be possible.

 

Hardware Requirements

  • Processor - 2GHz Processor or Higher
  • Memory - 1 GB RAM Minimum Recommended

While our courses are accessible through multiple mobile learning platforms, some courses may include a CD or DVD with the Textbook, so you may need access to a computer with CD-ROM or DVD Drive.

 

PC Software Requirements

  • Operating Systems - Windows 7 or higher
  • Microsoft Office 2007 or higher. Also, you could use a general Word Processing application to save and open Microsoft Office formats (.doc, .docx, .xls, .xlsx, .ppt, .pptx)
  • Internet Browsers - Google Chrome is highly recommended
    • Cookies MUST be enabled
    • Pop-ups MUST be allowed (Pop-up Blocker disabled)
  • Kindle Reader App is needed for many of our courses (No special equipment needed. This can be downloaded for FREE onto your computer.)
  • PowerPoint Viewer (if you do not have PowerPoint)
  • Adobe PDF Reader
  • QuickTime, Windows Media Player &/or Real Player

 

MAC Software Requirements

  • Operating Systems - Mac OS x 10 or higher with Windows
  • Mac office programs or a Word Processing application to save and open Microsoft Office formats (.doc, .docx, .xls, .xlsx, .ppt, .pptx)
  • Internet Browsers- Google Chrome is highly recommended
    • Cookies MUST be enabled
    • Pop-ups MUST be allowed (Pop-up Blocker disabled)
  • Kindle Reader App is needed for many of our courses (No special equipment needed. This can be downloaded for FREE onto your computer.)
  • PowerPoint Viewer (if you do not have PowerPoint)
  • Adobe PDF Reader
  • Apple QuickTime Media Player
  • Courses that include a CD-ROM or DVD may require an external drive and Parallels software to view.
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