Merced College
Business and Community Education

Online Offerings

 

 

Professional Bookkeeping with Quickbooks Online with Payroll Practice and Management (vouchers included)

Online Bookkeeping 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 Online for basic accounting and more.

 

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 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 specific prerequisites for taking this course.

Curriculum

I. Professional Bookkeeping with QuickBooks Online

A.  Introduction to Bookkeeping
B.  Accounting Basics
C.  Getting Started With QuickBooks Online
D.  The Chart of Accounts
E.  Centers and Lists
F.  Bank Accounts
G. Recording Expenses and Paying Bills
H. Credit Cards and Loans
I.  Sales Receipts
J.  Invoices, Estimates, and Customizing Sales Forms
K.  Billable Expenses and Customer Credits
L.  Sales Taxes and Reports
M. Midterm Exam
N.  Product and Service Items
O. Managing Inventory
P.  Managing Projects and Sales
Q. Progress Invoicing, Late Fees, and Bad Debts
R. Payroll
S.  Fixed Assets and Loans
T. Business Entities and Owner Transactions
U. Banking Rules, Receipts, and Budgets
V.  Adjusting and Reviewing the Books
W. Starting a Bookkeeping Business
X.  Your Career Roadmap: The Job Search and Future Opportunities (Optional Lesson)
Y. Communication and Organization (Optional Lesson)
Z.  Final Exam

II. Payroll Practice and Management

A.  Introduction to Payroll
B.  Determining Worker Status
C.  The Fair Labor Standards Act (FLSA)
D.  Federal Employment Taxes
E.  Payroll Forms
F.  Fringe Benefits – Tax-Preferred and Other Related Health Benefits
G. Fringe Benefits – Deferred Comp, Retirement Plans, and Stock Options
H. Other Employee Benefits
I.  Calculating Gross Wages
J.  Calculating Gross Pay – Additional Topics
K.  Paycheck Calculation – Taxes
L.  Paycheck Calculation – Voluntary and Involuntary Deductions
M. Gross to Net Paycheck Calculation
N.  Compliance – Laws and Reporting
O.  Global Payroll
P.  Payroll Process and Systems, and Audits
Q. Paying the Employee
R. Payroll Administration and Management
S.  Basic Accounting
T. Exploring Payroll Careers
U. Exam Preparation
V. 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.

 

Registration and Enrollment
This course is 100% online. Start anytime.

 

 

 

 

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Business and Community Education

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