Calculating pay, taxes and social insurance. Tracking and recording employee work hours and annual leave.Payroll Modernisation and Real Time Reporting.An organised, logical approach to your work is essential, and this programme will prepare you to undertake standard, day-to-day, duties of a payroll administrator including: Succeeding as a payroll administrator involves more than just delivering pay and deducting taxes – you may have to deal with multiple tasks and duties at any given time. Producing reports, Trial Balance, Profit and Loss and Balance Sheet.Entering Bank Payments and Bank Receipts.Entering invoices, credit notes and receipts and payments on Customer & Supplier Accounts.Part of the bookkeeping process also includes calculating, recording, and balancing financial reports, as well as: Sage is the programme used though this choice is reassessed on a regular basis. This programme will provide you with the ability to use a computer accounting programme, in order to track and record the financial transactions and records for the company. Give you the skills and knowledge to deal with multiple tasks at any given timeīookkeepers work in close proximity with core business operations to ensure that the most economically viable and safe decisions are made to keep finances and budgets under control.Develop your confidence and accuracy within Bookkeeping roles.Teach you skills consistent with the current principles and practices in the field.In practice, this means being able to prioritise and delegate to ensure the task is completed to deadline. Good timekeeping and an ability to meet strict deadlines is an essential part of these roles, as they will need to deliver projects/salaries, wages and payslips on time. These staff work as part of a team, and therefore also need to be a flexible, creative-thinker in order to address unexpected problems and scenarios quickly and effectively.īookkeeping and payroll processes can sometimes be stressful in meeting staff requests and strict compliance requirements, therefore, the individual must be able to work under pressure, without compromising performance standards. Harold has worked as an accounting instructor in university, as an accountant and as a consultant.Bookkeepers and Payroll administrators fulfil demanding roles at the heart of any company – and prospective bookkeepers and payroll administrators should be able to handle the basics of their role, which is as much about personality as it is talent.īookkeepers and payroll staff are more than just number-crunchers while numerical proficiency is obviously important - they face a wide variety of professional challenges and technical duties in addition to calculations – they need to be able to communicate with colleagues across the organisation, and externally.ĭepending on their organisation size, bookkeepers/payroll administrators may have to deal with multiple tasks and duties at any given time, so an organised, logical approach to work will be essential. If you want a certificate for completing this course you must get the PRO+ membership. However, there is plenty of meaty information inside the free parts that will teach you what you need to know about bookkeeping. Some parts of these modules (mainly videos, flashcards, visual tutorials, cheat sheets, printables and progress tracking) can only be accessed with a PRO account meaning you must register to become a member and pay a one time fee of US$49 or US$99 depending what you want to access. Harold's free bookkeeping course online is called Bookkeeping Training which contains 20 modules. This is more than just a course site - there is tons of information so if you have specific questions you can enter your keywords into the search bar and get free topic results based on those. AccountingCoach.ComĪccounting Coach is run by Harold Averkamp (CPA, MBA) – delving in basic bookkeeping all the way up to managerial accounting. A study released in July 2018 by JP Morgan Chase titled Growth, Vitality, and Cash Flows highlights that about half of small businesses in the USA fail after 4 years because of lack of cash - not because the business is bad but because cash flow can be erratic and the business owner is ill-prepared to manage the ups and downs.īecome prepared by starting with these free bookkeeping courses.
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