Wages Journal Basics - How to Payroll Accounting

Learners: 97,447

Instructor: BookkeepingMaster

Duration:

This course is perfect for anyone looking to learn the basics of payroll accounting. In this video, you will learn how to complete wages journals for payroll, using the principles of double-entry. You will also learn how to create a bookkeeping spreadsheet using Microsoft Excel, and get a 30-day free trial on KashFlow Accounting Software. Finally, you will get access to a free bookkeeping and accounting course. So don't miss out on this great opportunity to learn the basics of payroll accounting. ▼▲

Course Feature Course Overview Pros & Cons Course Provider Discussion and Reviews

Go to class

Course Feature

Cost:

Free

Provider:

Youtube

Certificate:

No Information

Language:

English

Start Date:

2016-11-08 00:00:00

Course Overview

❗The content presented here is sourced directly from Youtube platform. For comprehensive course details, including enrollment information, simply click on the 'Go to class' link on our website.

Updated in [July 21st, 2023]

This course provides an overview of wages journal basics and how to complete payroll accounting. It covers the principles of double-entry used internationally, as well as the debits and credits of gross pay, net pay, employers and employees tax. Participants will learn how to create a bookkeeping spreadsheet using Microsoft Excel and will be provided with a 30-day free trial on KashFlow Accounting Software. Additionally, participants will be given access to a free bookkeeping and accounting course. This course is ideal for those looking to gain a better understanding of payroll accounting.

Pros & Cons

Pros Cons

Clear and understandable explanations: Users appreciate that the course provides clear and logical explanations, making it easier for them to understand payroll accounting concepts. This is particularly helpful for individuals who are new to the subject or have limited knowledge in this area.
Practical application: Users find the course valuable because it helps them apply their knowledge in real-life scenarios. They mention that the course has helped them recognize and rectify mistakes they were making in their payroll accounting work, leading to improved accuracy and understanding of expenses and liabilities.

Lack of differentiation between P&L and Balance Sheet: One user suggests that it would be useful if the course differentiated between the Profit and Loss (P&L) statement and the Balance Sheet. This indicates that the course may not provide sufficient clarity on the distinction between these two financial statements, which could be a drawback for some learners.
Limited coverage of Balance Sheet entries: Another user suggests that including a slide or explanation on how Balance Sheet entries are paid down would be beneficial. This implies that the course may not extensively cover the topic of Balance Sheet entries, potentially leaving some learners with incomplete knowledge in this area.