Objective
Learn the small business bookkeeping and accounting process from source documentation to preparing financial statements. This training covers the full range of the bookkeeper's and accountant's duties in the typical small business. It provides guidance on how to process the day-to-day transactions, make accounting adjustments, maintain the general ledger, and prepare financial reports.
The training also prepares individuals to pass the NBA's (National Bookkeepers Association) nationally recognized Bookkeeper Certification. NBA's Bookkeeper Certification assures employers that you possess the knowledge and skills to accurately and productively perform bookkeeping.
Overview
SYU's Bookkeeping for Small Businesses training provides practical, step-by-step guidance addressing the unique needs of small business bookkeeping and accounting. The training covers every aspect of performing small business bookkeeping and accounting processes and tasks including:
- Types of Financial Records,
- Primary Accounting Processes,
- Basic Internal Accounting Controls,
- Processing Sales and Receipts,
- Processing Purchases and Payments,
- Processing Payroll,
- Making Accounting Adjustments,
- Maintaining the General Ledger, and
- Preparing Financial Reports.
The training also introduces supporting checklists, worksheets, and forms to assist you in performing bookkeeping and accounting processes and tasks.
Bonus
Participants receive the Bookkeeping for Small Businesses Guide, handouts, exercises, and quizzes.
Benefits
- Trains Bookkeeping and Accounting Personnel
- Improves Bookkeeping and Accounting Knowledge and Skills
- Improves the Bookkeeping and Accounting System, Processes, and Tasks
- Increases Bookkeeping and Accounting Productivity
- Addresses Day-to-day Bookkeeping and Accounting Questions
Agenda
Session 1: Introduction to Small Business Accounting
This Session introduces you to the full range of the bookkeeper's and accountant's duties in the typical small business. It presents how bookkeepers and accountants process day-to-day transactions, make accounting adjustments, maintain the general ledger, and prepare financial reports.
Session 2: Overview of the Accounting Process
This Session summarizes the key elements of the accounting process. It discusses the types of source documents, the day-to-day transaction processing covered in Sessions 3 through 5, and basic internal controls. This Session is intended to give bookkeepers and accountants a big picture of the accounting process before jumping into the more detailed discussion in the rest of the training.
Session 3: Processing Sales and Receipts
This Session discusses the various steps required to process sales invoices and cash receipts. The cash receipts discussion addresses processing of both mail receipts and over-the-counter receipts. The Session also covers various period-end activities, such as reconciling the bank accounts and the subsidiary ledger.
Session 4: Processing Purchases and Payments
This Session provides detailed guidance on processing vendor invoices, recording the invoices in the accounting system, making the payments, and performing period-end reconciliation and cutoff procedures. The Session addresses common problem areas, such as obtaining invoices from the various departments, obtaining payment approvals, dealing with 1099 forms, and assigning proper general ledger account codes.
Session 5: Processing Payrolls. This Session begins by providing guidance on obtaining key payroll information and computing wages. It then covers the steps required to process each period’s payroll. The last three sections address specific monthly, quarterly, and annual payroll activities (including filing payroll tax reports) that must be completed.
Session 6: Making Accounting Adjustments
The previous three Sessions cover the processing of day-to-day transactions. This Session provides guidance on preparing common period-end journal entries needed to put the accounting records on an accrual basis. It illustrates and explains the debits and credits relating to recording cost of sales, making accrual entries, adjusting asset valuations, recording depreciation expense, and various other entries.
Session 7: Maintaining the General Ledger
This Session builds on the previous four Sessions. After day-to-day transactions (Sessions 3 through 5) and various adjustments (Session 4) have been posted to the general ledger, bookkeeping and accounting personnel are ready to complete the general ledger closeout. It shows how to prepare key general ledger supporting workpapers, review the general ledger, and protect and store files and records.
Session 8: Preparing Financial Reports
This Session provides guidance on generating the basic monthly financial statements and modifying the format and presentation of the financial statements. It also shows how to prepare selected other management reports, such as the owner’s weekly flash report and the weekly cash flow report.
Who Should Attend
- Bookkeepers who want to perform full-charge bookkeeping
- Accountants who want to perform small business bookkeeping
- Tax professionals who want to learn small business bookkeeping
- Payroll professionals who want to learn small business bookkeeping
- QuickBooks advisors who want a solid small business bookkeeping foundation to improve their QuickBooks service
Recommended CPE Credit
8
Training Format
You can attend the recorded online training at anytime and from anywhere with any Internet connected computer. The training is self-paced and provides unlimited viewing access. The free downloadable player allows you to start, pause, stop, and resume the training as you please. If you stop and leave the training, you can note the time counter time and advance the training to resume right where you left off.
Important: You should have a high speed Internet connected computer to view the training and must have a sound card and speakers to hear the training.
For more information about our recorded online training, click Recording Online Training.
Fee
$199
30 Day 100% Money Back Guarantee
If you are not completely satisfied with our Bookkeeping for Small Businesses training, please contact us and you'll receive a full refund.
Register
To register, click the Register button below or call 801-288-1222.
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