The top 3 Journal Entries courses you need to take

1. Payroll Accounting: Laws, Calculations, and Journal Entries

4.4

(1,649)

This comprehensive payroll accounting course covers many aspects of payroll, providing in-depth knowledge of payroll legislation, calculations, and journal entries. Led by an experienced CPA, this course offers practical examples and valuable insights into the intricacies of payroll processing. In this course, we will thoroughly explore payroll legislation, including a wide range of laws that impact payroll operations. We will focus on the laws related to payroll calculations and withholdings, ensuring compliance with legal requirements. Understanding the importance of accurate calculations, we will dive into the generation of payroll registers and earnings reports, which serve as vital tools in calculating payroll accurately. Through practical exercises, you will develop proficiency in calculating payroll tax withholdings, such as federal income tax (FIT), social security, and Medicare. We will guide you through the process of determining net pay from gross pay, equipping you with the necessary skills to handle payroll calculations effectively. One key aspect often overlooked in payroll courses is the recording of payroll transactions. In this course, we will thoroughly cover payroll journal entries, providing a comprehensive understanding of their complexity. By examining the impact of these entries on financial accounts and the accounting equation, you will gain practical knowledge of payroll accounting and its correlation with debits and credits. Moreover, we will address the crucial process of completing payroll tax forms, including Form 941, Form 940, Form W-2, Form W-3, and Form W-4. Through step-by-step guidance, you will learn how to accurately fill out these forms, ensuring compliance with reporting requirements. To enhance your learning experience, this course offers valuable resources, including downloadable PDF files for offline reference, preformatted Excel practice files to reinforce your Excel skills, multiple-choice and short calculation practice questions to sharpen your problem-solving abilities, and stimulating discussion questions to facilitate interactive learning and knowledge sharing. You will have the privilege of learning from a highly qualified instructor who holds CPA, CGMA, and Master of Science in Taxation credentials. With their extensive experience in accounting concepts, QuickBooks software, and curriculum development, you can trust in their expertise to provide comprehensive instruction and guidance. Content Includes: In-depth coverage of payroll laws and their impact on payroll processingDetailed explanations and calculations of regular pay and overtime payComprehensive understanding of employer and employee social security and Medicare calculationsThorough examination of employee federal income tax calculationsDetailed insights into employer federal unemployment tax (FUTA) calculationsExploration of other payroll deductions and their significance in payroll accountingExtensive guidance on payroll journal entries and their proper posting to the general ledgerStep-by-step instructions for accurately completing payroll tax forms (Form 941, Form 940, Form W-2, Form W-3, Form W-4)Practical application through comprehensive payroll and accounting cycle problemsComprehensive coverage of key payroll definitions and terminology for a thorough understandingEnroll now in this comprehensive payroll accounting course and gain the skills and knowledge to excel in managing payroll operations effectively and with confidence...

2. Accounting Journal Entries - Guide and Practice test - V2.0

4.9

(114)

=======================================================UPDATED IN MARCH 2023 Added a section for Practice Test - Test your knowledge. - 98 Question and Answers.=======================================================1. A simple course comprising of Accounting Journal entries applicable for every business.2. This course will make accounting journal entries interesting for all those who have been avoiding this subject.3. It will be a one stop repository of all basic journal entries for most of the sub processes.4. It covers first level accounting Journal entries· Basics of Journal entries and types of Journal entries· Journal entry format and Journal entry impact on accounts· 3 Golden rules of accounting - Real account, Personal account, Nominal account· Two scenario-based examples, with a step-by-step approach to identify the correct accounting journal entries. With this step-by-step approach you will be able to arrive at the correct journal entries for any given scenario.· Order to Cash process - Revenue, Accounts Receivables, Allowance for Bad debts, Bad Debts, Factoring· Procure to Pay process - Payable, Payroll expenses, Accruals· Prepaid, Fixed Assets, Inventory, Abnormal loss, Prepaid expenses, Petty cash, Banking· Special topics like Intercompany, Lease, Impairment, Goodwill, Amortization expense· Taxes - Goods and Service Tax, Income tax and Deferred Tax Asset and Deferred Tax Liability· Share capital, Dividend· Investments, Investment in Associates and Investment by the owner in Equity5. This course is relevant for all Business needs, Finance professionals and accounting students...