Bookkeeping & Payroll Management Diploma

Course details

Get a well structured lesson on how to Manage Payroll and Bookkeeping
Struggling to keep track of the payroll? Bookkeeping and Payroll Management is much easier than it may seem. With the help of this course you will be a master of Bookkeeping and Payroll Management.
As a financial bookkeeper, your main role is to keep an official track of company spending so when it comes to filing accounts there is an accurate trail of all the outgoings. A bookkeeper keeps business financial records and performs basic and essential accounting tasks. Process an organisation’s payroll in a timely and accurate manner and create and maintain employees’ payroll records. You will have to enter payroll information into central system for processing. Managing and processing a business’s payroll is an important task, and it’s vital that those handling the payroll have a full understanding and knowledge of the processes involved.
In this Course, you will get tips and tools to create a budget that is suitable for your lifestyle. You
will also know how to stick to it so that reaching financial goals becomes easier for you.

Introduction to Bookkeeping

• Introduction – GAAP
•  Transactions
• The Need for Internal Controls
• Control Concepts
• Subsidiary Ledgers
• Special Journals – Posting Sales Journal 
• Special Journals – Posting Cash Receipts
• Purpose
•  Reconciliation
• Who Should Perform the Reconciliation
• Correcting Entries
•  The Wrong Account
•  Sales Tax
• Sales Tax Rules and Filing 
• All Businesses Must Have a Strategic Plan
• Types of Budgets
• Merchandising Income Statement 
• Sales Discounts
• Purchase Discounts
• Defining Petty Cash
• Accounting for Cash Over or Short
• Cash Controls – The Bank Reconciliation

Bookkeeping

• Module One – Introduction
• Module Two – Basic Terminology
• Module Three – Basic Terminology (II)
• Module Four – Accounting Methods
• Module Five – Keeping Track of Your Business
• Module Six – Understanding the Balance Sheet
• Module Seven – Other Financial Statements
• Module Eight – Payroll Accounting Terminology
• Module Nine – End of Period Procedures
• Module Ten – Financial Planning, Budgeting and Control
• Module – Eleven Auditing
• Module Twelve – Wrapping Up

Managing Payroll

• What Is Payroll?
• Principles Of Payroll Systems
• Confidentiality And Security Of Information
• Effective Payroll Processing
• Increasing Payroll Efficiency
• Risk Management in Payroll
• Time Management
• Personnel Filing
• When Workers Leave Employment
• Hiring Employees
• Paye and Payroll for Employers
• Tell HMRC about a New Employee
• Net And Gross Pay
• Statutory Sick Pay
• Minimum Wage for Different types of Work

Updated on 11 June, 2018