BCI Bookkeeper Basics I

FINANCIAL ACCOUNTING 

This introductory level accounting course will fully demonstrate the importance and functionality of proper accounting in business financial management. Course participants will progress from understanding the accounting cycle and transaction processes to preparing and understanding basic financial statements.

Upon successfully completing this course, you will be able to:

• Prepare journal entries to record accounting transactions using the debit and credit process
• Enter and post accounting transactions from the journals to general ledger accounts
• Prepare adjusting entries to arrive at an adjusted trial balance
• Compile a Balance Sheet and Income Statement from the adjusted trial balance
• Prepare and post the end of the accounting period closing entries
• Analyze financial reports for the purpose of making business decisions

PAYROLL 

The Payroll Accounting Fundamentals course uses classroom instruction, Payroll accounting software and real applications to provide a detailed study of the laws, forms, records, and procedures used in accounting for payroll. This course covers federal and state requirements as well as other aspects such as pension plans, benefit plans and garnishments..

Upon successfully completing this course, you will be able to:

• Demonstrate an understanding of payroll processing and personnel records
• Accurately compute wages and salaries
• Properly compute Social Security taxes
• Accurately compute federal, state income tax withholdings and Unemployment Compensation taxes
• Analyze and journalize payroll transactions
• Understand how to properly prepare documents for state and federal reporting and deposit of required funds

QUICKBOOKS DESKTOP OR QUICKBOOKS ONLINE

This course will introduce you to the most common accounting software program used by small businesses. Using the QuickBooks software, you will quickly learn how to effectively setup an accounting system, journalize transactions and prepare financial reports.

Upon successfully completing this course, you will be able to:

• Know how to navigate QuickBooks in both single-user and multi-user role
• Understand how to complete the workflow from the estimate to making the deposit and navigate the Customer Center
• Know how to complete the workflow for making purchases and navigate the Vendor Center
• Properly manage lists (customers, vendors, items, etc.).
• Properly set-up and run payroll in QuickBooks
• Accurately create and print financial statements and reports and know how to enter adjustments and Closing Procedures