Payroll Accounting
Learn payroll accounting from a practicing CPA, CGMA, CPI, with B.S.Tax.
This financial accounting and payroll class will cover payroll topics including payroll legislation, payroll calculations, and entering payroll journal entries.
Because payroll is becoming more complex and more of a specialized field it is difficult to find content that puts it all together in one spot like this course does.
We will discuss payroll legislation, going over a wide variety of laws that influence payroll. Because payroll is such a broad topic and because it overlaps with other areas of business like human resources many laws influence the processing of payroll.
We will concentrate on laws that deal with the calculation of payroll and payroll withholdings.
The course will cover the generation of payroll registers and earnings reports, the primary tools to help us calculate payroll.
We will discuss how to calculation payroll tax withholding like federal income tax (FIT), social security, and Medicare. We will calculate net pay from gross pay.
This course will cover journal entries related to payroll; a topic often overlooked in may payroll classes. Payroll journal entries can be complicated. Learning payroll journal entries helps our understanding of both payroll and debits and credit.
We will post payroll journal entries to the general ledger and analyses the effect on the financial accounts and accounting equation.
This course will cover the processing of payroll tax forms like form 941, form 940, form W-2, form W-3, and form W-4.
We also include a comprehensive a problem, allowing us to see the entire process in one problem.
This course includes key terms and definitions related to payroll and a general comprehensive accounting cycle comprehensive problem. The accounting cycle comprehensive problem will take a step back, so we can see the big picture and visualize how the payroll process fits into the overall accounting cycle.
In addition to the instructional videos, this course will include downloadable
The PDF files allow us to download reference information we can use offline and as a guide to help us work through the material.
Excel practice files will be preformatted so that we can focus on the adjusting process and learning some of the basics of Excel, like addition, subtraction, and cell relationships.
Multiple choice example question helps us improve our test-taking skills by reducing the information into the size and format of multiple choice questions and discussing how to approach these questions.
Short calculation questions help us reduce problems that have some calculation down to a short format that could be used in multiple choice questions.
Discussion Question will provide an opportunity to discuss these topics with the instructor and other students, a process many students find very helpful because it allows us to see the topic from different viewpoints.
Who will we be learning from?
You will be learning from somebody who has technical experience in accounting concepts and in accounting software like QuickBooks, as well as experience teaching and putting together curriculum.
You will be learning from somebody who is a:
As a practicing CPA the instructor has worked with many technical accounting issues and helped work through them and discuss them with clients of all levels.
As a CPA and professor, the instructor has taught many accounting classes and worked with many students in the fields of accounting, business, and business applications.
The instructor also has a lot of experience designing courses and learning how students learn best and how to help students achieve their objectives. Experience designing technical courses has also benefit in being able to design a course in a logical fashion and deal with problems related to technical topics and the use of software like QuickBooks Pro.
Content Includes:
2 Payroll Legislation
FREE PREVIEWPDF - 20 Payroll Legislation
20 Payroll Legislation
PDF - 310 Minimum Wage & Nonexempt Employees
310 Minimum Wage & Nonexempt Employees
PDF - 410 Fringe Benefits
410 Fringe Benefits
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3 Payroll Forms and Time-Frames
21 Payroll Consideration and Tax Forms
PDF - 80 Payroll Periods and Time Frames
22 Payroll Periods and Time Frames
PDF - 90 New Employee Tax Form & Contractor vs Employee
23 New Employee Tax Forms & Contractor vs Employee
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4 Payroll Register & Earnings Record
PDF - 330 Payroll Register
330 Payroll Register
Excel Download
25 Earnings Record
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5 Regular Pay & Overtime Pay Calculation
PDF - 10 Regular & Overtime Pay
10 Regular & Overtime Pay Calculation
Excel Download
10 Regular & Overtime Pay
PDF - 315 Payroll Calculations
315 Payroll Calculations
320 Overtime Calculation
320 Overtime Calculation
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6 Federal Income Tax & Retirement Plans
PDF - 510 Federal Income Tax (FIT)
510 Federal Income Tax (FIT)
Excel Download
20 Federal Income Tax Withholding FIT
PDF - 415 Deductions From Gross Pay
415 Deductions From Gross Pay
420 Retirement Plans
420 Retirement Plans
PDF - 20 Federal Income Tax FIT - Tables
20 Federal Income Tax FIT
PDF - 25 Federal Income Tax FIT - Percent Method
25 Federal Income Tax FIT - Percent Method
Excel Download
25 Federal Income Tax - Percentage Method
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7 Federal Income Contributions Act Social Security
PDF - 30 Federal Income Contributions Act (FICA)
30 Federal Income Contributions Act (FICA)
515 Social Security
515 Social Security
PDF - 30 OASDI Calculation
30 Social Security Tax Calculation
Excel Download
30 OASDI
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8 Federal Income Contribution Act (FICA) -Medicare
PDF - 520 Medicare Tax
520 Medicare Tax
PDF - 40 HI Calculation
40 Medicare Tax Calculation
Excel Download
40 Worksheet HI
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9 Federal Unemployment Tax Act (FUTA)
PDF - 40 FUTA SUTA Workers Compensation
40 FUTA, SUTA Workers Compensation
PDF - 615 Federal & State Unemployment Tax
615 Federal & State Unemployment Tax
PDF - 50 FUTA
50 Federal Unemployment Tax Act Calculation
Excel Download
50 Worksheet FUTA
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10 Other Deductions
PDF - 425 Post Tax Deductions
425 Post Tax Deductions
PDF - 525 Other Deductions & Payment Methods
525 Other Deductions & Payment Methods
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11 Taxes Employer & Employee
PDF - 605 Taxes Employer - Employee
605 Taxes Employer Employee
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12 Employer Responsibilities
PDF - 60 Employer Responsibilities and Processes
60 Employer Responsibilities and Processes
PDF - 55 Employer Taxes
55 Employer Taxes Calculation
PDF - 610 FICA Employer
610 FICA Employer
Excel Download
55 Employer Taxes
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13 Payroll Expense Journal Entry
PDF - 505 Net Pay Calculation
505 Net Pay Calculation
PDF - 70 Payroll Expense Journal Entry
70 Payroll Expense Journal Entry
Excel Download
70 Payroll Expense Journal Entry
Discussion Question
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14 Payroll Taxes Journal Entry
PDF - 80 Payroll Tax Expenses Journal Entry
80 Payroll Tax Expense Journal Entry
Excel Download
80 Worksheet Payroll Tax Expenses Journal Entry
Discussion Question
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15 Paying Payroll Tax Liability Journal Entry
PDF - 90 Pay Payroll Expenses Journal Entry
90 Pay Payroll Tax Expense Journal Entry
Excel Download
90 Pay Payroll Expenses Journal Entry
Discussion Question
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16 Payroll Ethics & Practices
PDF - 50 Payroll Ethics & Practices
50 Payroll Ethics & Practices
Discussion Question
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17 Payroll Controls & Documentation
PDF - 100 Payroll Controls and Documentation
100 Payroll Controls and Documentation
10 Multiple Choice – Payroll
Discussion Question
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18 Form 941
PDF - 620 Form 941
620 Form 941
PDF - 100 Form 941
100 Form 941
20 Multiple Choice – Payroll
Discussion Question
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19 Form 940
PDF - 110 Form 940
110 Form 940
PDF - 625 Form 940
625 Form 940
30 Multiple Choice – Payroll
Discussion Question
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PDF - 120 W-2 & W-3
120 Form W-3 & W-2
PDF - 630 W-2 & W-3
920 Form W-3
40 Multiple Choice – Payroll
Discussion Question
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21 Reconcile Year End Payroll Forms
PDF - 130 Reconciling Year End Payroll Forms
130 Reconciling Year End Payroll Forms
50 Multiple Choice – Payroll
Discussion Question
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Excel Download
10 Payroll Comp Problem Introduction (Copy)
20 Payroll Comp Problem August Payroll Register
30 Payroll Comp Problem August Earning Records
40 Payroll Comp Problem August Journal Entry
45 Payroll Comp Problem September Payroll Register
50 Payroll Comp Problem September Earning Records
60 Payroll Comp Problem September Journal Entry
70 Payroll Comp Problem Form 941 3rd Qt
80 Payroll Comp Problem October Payroll Register
90 Payroll Comp Problem October Earning Records
100 Payroll Comp Problem October Journal Entry
110 Payroll Comp Problem November Payroll Register
120 Payroll Comp Problem November Earning Records
130 Payroll Comp Problem November Journal Entry
140 Payroll Comp Problem Dec. Payroll Register & Earning Records
150 Payroll Comp Problem Dec. Journal Entry
160 Payroll Comp Problem Form 941 4rd Qt
170 Payroll Comp Problem Form 940
180 W-2 & W-3 Comp Problem Form 940
190 Comp Problem Reconcile Payroll Tax Forms 941s, 940 & W-3
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Employee Benefits Definition - What are Employee Benefits%3F
Federal Insurance Contributions Act %28FICA%29 - What is Federal
Federal Unemployment Tax Act %28FUTA%29 - What is Federal Unempl
Form 940 Definition - What is Form 940%3F
Form 941 Definition - What is Form 941%3F
Form W-4 Definition - What is Form W-4%3F
Net Pay Definition - What is Net Pay%3F
Payrol Bank Account Definition - What is Payroll Bank Accoun
Payroll Deduction Definition - What are payroll deductions%3F
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Robert (Bob) Steele
CPA, CGMA, M.S. Tax, CPI
Through working with students from many different schools, Mr. Steele has learned best practices for helping people understand accounting fast. Learning new skills and finding the best way to share knowledge with people who can benefit from it is a passion of his.
Mr. Steele has experience working as a practicing Certified Public Accountant (CPA), an accounting and business instructor, and curriculum developer. He has enjoyed putting together quality tools to improve learning and has been teaching, making instructional resources, and building curriculum since 2009. He has been a practicing CPA since 2005. Mr. Steele is a practicing CPA, has a Certified Post-Secondary Instructor (CPI) credential, a Master of Science in taxation from Golden Gate University, a Bachelor’s Degree in Business Economics with an emphasis in accounting from The University of California Santa Barbara, and a Global Management Accounting Designation (CGMA) from The American Institute of CPA (AICPA).
Mr. Steele has also authored five books that can be found on Amazon or in audiobook format on Audible. He has developed bestselling courses in accounting topics including financial accounting and QuickBooks accounting software.
In addition to working as an accountant, teaching, and developing courses Mr. Steele has helped create an accounting website at accountinginstruction, a YouTube channel called Accounting Instruction, Help, and How Too, and has developed supplemental resources including a Facebook Page, Twitter Page, and Podcasts that can be found on I-tunes, Stitcher, or Soundcloud. Mr. Steele's teaching philosophy is to make content applicable, understandable, and accessible.
Adult learners are looking for application when they learn new skills. In other words, learners want to be able to apply skills in the real world to help their lives. Mr. Steele’s formal accounting education, practical work experience, and substantial teaching experience allow him to create a curriculum that combines traditional accounting education with practical knowledge and application. He accomplishes the goals of making accounting useful and applicable by combining theory with real-world software like Excel and QuickBooks.
Many courses teach QuickBooks data entry or Excel functions but are not providing the real value learners want. Real value is a result of learning technical skills like applications, in conjunction with specific goals, like accounting goals, including being able to interpret the performance of a business.
Mr. Steele makes knowledge understandable by breaking down complex concepts into smaller units with specific objectives and using step by step learning processes to understand each unit. Many accounting textbooks cram way too much information into a course, making it impossible to understand any unit fully. By breaking the content down into digestible chunks, we can move forward much faster.
Mr. Steele also makes use of color association in both presentations and Excel worksheets, a learning tool often overlooked in the accounting field, but one that can vastly improve the speed and comprehension of learning accounting concepts.
The material is also made understandable through the application of concepts learned. Courses will typically demonstrate the accounting concepts and then provide an Excel worksheet or practice problems to work through the concepts covered. The practice problems will be accompanied by an instructional video to work through the problem in step by step format. Excel worksheets will be preformatted, usually including an answer tab that shows the completed problem, and a practice tab where learners can complete the problem along with a step by step presentation video.
"Payroll Accounting"
$27.81
Lifetime enrollment
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