Certificate in Basic Bookkeeping and Payroll

Modules

Only 6 to 8 hours of study is required per course.

Module One – Introduction

Module Two – Basic Terminology (Part 1)

Balance Sheet
Assets
Liabilities
Equity
Income Statement
Revenue
Cost of Goods Sold
Expenses
Accounting Period

Module Three – Basic Terminology (Part 2)

Accounts Receivable
Accounts Payable
Depreciation
General Ledger
Interest
Inventory
Journals
Payroll
Trail Balance

Module Four – Accounting Methods

Cash Method
Accrual Method
Differences between Cash and Accrual

Module Five – Keeping Track of you Business

Accounts Payable
Account Receivable
The Journal
The General Ledger
Cash Management

Module Six – Understanding the Balance Sheet

The Accounting Equation
Double-Entry Accounting
Types of Assets
Types of Liabilities
Equity

Module Seven – Other Financial Statements

Income Statement
Cash Flow Statement
Capital Statement
Budget vs Actual

Module Eight – Payroll Accounting / Terminology

Gross Wages
Net Wages
Employee Tax Withholding’s
Employer Tax Expenses
Salary Deferrals
Employee Payroll
Employee Benefits
Tracking Accrued Leave
Government Payroll Returns / Reports

Module Nine – End of Period Procedures

Depreciating your Assets
Reconciling Cash
Reconciling Investments
Working with the Trial Balance
Bad Debt
Posting Adjustments and Corrections

Module Ten – Financial Planning, Budgeting and Control

Reasons for Budgeting
Creating a Budget
Comparing Budget to Actual Expenses

Module Eleven – Auditing

What is an Audit?
When and Why would you Audit?
Internal
External

Module Twelve – Wrapping Up