Udemy

Platform

English

Language

Accounting & Bookkeeping

Category

Financial Accounting – Payroll

Payroll calculations - federal income tax, social security, Medicare - Payroll journal entries posted to ledger accounts

4.16 (663 reviews)

8841

Students

21.5 hours

Content

Jan 2020

Last Update
$109.99
Regular Price


What you will learn

Payroll Legislation

Payroll Forms and Time-Frames

Payroll Register & Earning Record

Regular Pay & Overtime Pay Calculation

Federal Income Tax & Retirement Plans

Federal Income Contributions Act Social Security

Federal Income Contribution Act Medicare

Federal Unemployment Tax Act (FUTA)

Other Deductions

Taxes – Employer & Employee

Employer Responsibilities

Payroll Expense Journal Entry

Payroll Taxes Journal Entry

Payroll Taxes Journal Entry

Payroll Ethics & Practices

Payroll Controls & Documentation

Form 941

Form 940

Form W-2 & W-3

Reconcile Year End Payroll Forms

Comprehensive Payroll Problem

Comprehensive Accounting Cycle Problem

Definitions & Key Terms


Description

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  

•    Downloadable PDF Files  

•    Excel Practice Files  

•    Multiple Choice Practice Questions  

•    Short Calculation Practice Questions  

•    Discussion Questions  

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:  

•    CPA – Certified Public Accountant  

•    CGMA – Chartered Global Management Accountant  

•    Master of Science in Taxation  

•    CPS – Certifies Post-Secondary Instructor  

•    Curriculum Development Export  

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:  

•    Payroll laws  

•    Calculation of regular pay and overtime pay  

•    Calculation of employer and employee social security  

•    Calculation of employer and employee Medicare  

•    Calculation of employee federal income tax  

•    Calculation of employer federal unemployment tax (FUTA)  

•    Other payroll deduction  

•    Payroll journal entries  

•    Posting payroll journal entries to the general ledger  

•    Filling our payroll forms including  

•    Form 941s  

•    Form 940  

•    Form W-2  

•    Form W-3  

•    Form W-4  

•    Comprehensive payroll problem  

•    Comprehensive accounting cycle problem  

•    Payroll Definitions and key terms.


Screenshots

Financial Accounting – Payroll
Financial Accounting – Payroll
Financial Accounting – Payroll
Financial Accounting – Payroll

Content

Introduction

Introduction

PDF - 10 Introduction

10 Payroll Introduction

Accounting Comic Break

Payroll Legislation

2 Payroll Legislation

PDF - 20 Payroll Legislation

20 Payroll Legislation

PDF - 310 Minimum Wage & Nonexempt Employees

310 Minimum Wage & Nonexempt Employees

PDF - 410 Fringe Benefits

410 Fringe Benefits

Accounting Comic Break

Payroll Forms and Time-Frames

3 Payroll Forms and Time-Frames

20 Payroll Consideration and Tax Forms

PDF - 80 Payroll Periods and Time Frames

80 Payroll Periods and Time Frames

PDF - 90 New Employee Tax Form & Contractor vs Employee

90 New Employee Tax Forms & Contractor vs Employee

Accounting Comic Break

Payroll Register & Earning Record

4 Payroll Register & Earnings Record

PDF - 330 Payroll Register

330 Payroll Register

Excel Download

25 Worksheet - Earnings Record

Accounting Comic Break

Regular Pay & Overtime Pay Calculation

5 Regular Pay & Overtime Pay Calculation

PDF - 10 Regular & Overtime Pay

10 Regular & Overtime Pay Calculation

Excel Download

10 Worksheet - Regular & Overtime Pay

PDF - 315 Payroll Calculations

315 Payroll Calculations

PDF - 320 Overtime Calculation

320 Overtime Calculation

Accounting Comic Break

Federal Income Tax & Retirement Plans

6 Federal Income Tax & Retirement Plans

PDF - 510 Federal Income Tax (FIT)

510 Federal Income Tax (FIT)

Excel Download

20 Worksheet - Federal Income Tax Withholding FIT

PDF - 415 Deductions From Gross Pay

415 Deductions From Gross Pay

PDF - 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 Worksheet - Federal Income Tax - Percentage Method

Accounting Comic Break

Federal Income Contributions Act Social Security

7 Federal Income Contributions Act Social Security

PDF - 30 Federal Income Contributions Act (FICA)

30 Federal Income Contributions Act (FICA)

PDF - 515 Social Security

515 Social Security

PDF - 30 OASDI Calculation

30 Social Security Tax Calculation

Excel Download

30 Worksheet - OASDI

Accounting Comic Break

Federal Income Contribution Act Medicare

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

Accounting Comic Break

Federal Unemployment Tax Act (FUTA)

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

10 Multiple Choice – Payroll

Accounting Comic Break

Other Deductions

10 Other Deductions

PDF - 425 Post Tax Deductions

425 Post Tax Deductions

PDF - 525 Other Deductions & Payment Methods

525 Other Deductions & Payment Methods

20 Multiple Choice – Payroll

Accounting Comic Break

Taxes – Employer & Employee

11 Taxes Employer & Employee

PDF - 605 Taxes Employer - Employee

605 Taxes Employer Employee

30 Multiple Choice – Payroll

Accounting Comic Break

Employer Responsibilities

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 Worksheet - Employer Taxes

40 Multiple Choice – Payroll

Accounting Comic Break

Payroll Expense Journal Entry

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 Worksheet - Payroll Expense Journal Entry

50 Multiple Choice – Payroll

Accounting Comic Break

Payroll Taxes Journal Entry

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

Accounting Comic Break

Paying Payroll Tax Liability Journal Entry

15 Paying Payroll Tax Liability Journal Entry

PDF - 90 Pay Payroll Expenses Journal Entry

90 Pay Payroll Tax Expense Journal Entry

Excel Download

90 Worksheet - Pay Payroll Expenses Journal Entry

Accounting Comic Break

Payroll Ethics & Practices

16 Payroll Ethics & Practices

PDF - 50 Payroll Ethics & Practices

50 Payroll Ethics & Practices

Accounting Comic Break

Payroll Controls & Documentation

17 Payroll Controls & Documentation

PDF - 100 Payroll Controls and Documentation

100 Payroll Controls and Documentation

Form 941

18 Form 941

PDF - 620 Form 941

620 Form 941

PDF - 100 Form 941

100 Form 941

Accounting Comic Break

Form 940

19 Form 940

PDF - 110 Form 940

110 Form 940

PDF - 625 Form 940

625 Form 940

Accounting Comic Break

Form W-2 & W-3

20 Form W-2 & W-3

PDF - 120 W-2 & W-3

120 Form W-3 & W-2

PDF - 630 W-2 & W-3

920 Form W-3

Accounting Comic Break

Reconcile Year End Payroll Forms

21 Reconcile Year End Payroll Forms

PDF -130 Reconciling Year End Payroll Forms

130 Reconciling Year End Payroll Forms

Accounting Comic Break

Comprehensive Payroll Problem

22 Comprehensive Payroll Problem

Excel Download

10 Regular & Overtime Pay

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

Accounting Comic Break

Comprehensive Accounting Cycle Problem

22 Comprehensive Accounting Cycle Problem

Excel Download

1 Accounting%2C Financial - Comp Prob Service Co 1 Part 1

2 Accounting%2C Financial - Comp Prob Service Co 1 Part 2

3 Accounting%2C Financial - Comp Prob Service Co 1 Part 3

4 Accounting%2C Financial - Comp Prob Service Co 1 Part 4

5 Accounting%2C Financial - Comp Prob Service Co 1 Adjusting Entries part 5

6 Comp Prob Service Co 1 Adjusting Entries part 6

7 Accounting%2C Financial - Comp Prob Service Co 1 Financial Statements part 7

8 Accounting%2C Financial - Comp Prob Service Co 1 Financial Statements part 8

9 Accounting%2C Financial - Comp Prob Service Co 1 Closing Process Part 9

10 Comp Prob Service Co 1 Closing Process part 10

Accounting Comic Break

Definitions & Key Terms

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

Payroll Bank Account Definition - What is Payroll Bank Account

Payroll Deduction Definition - What are payroll deductions%3F

Accounting Comic Break



Reviews

C
Connie28 September 2020

I really enjoyed the Excel pre-populated forms. Although, in a couple of them numbers were not the same than what the instructor had, I was able to grasp concepts. I would suggest using more up to date forms, just to make sure we are taking in consideration the year we are studying (as some rules may change) but overall, I like how our instructor led the course. I know a few peers complained about too many repetitions but I do believe that is the key of learning something, repetition.

E
Eric10 September 2020

I'm less than halfway through this course and have already found multiple instances where incorrect/inconsistent amounts are entered in spreadsheets. Also, amounts changing from one slide to the next without explanation.

D
Deepak13 August 2020

This course is really good for me considering I had very limited knowledge on US payroll. The course has got accountings as well which is actually a bonus for a purely new person.

M
Melissa27 June 2020

There are errors in it. And you cant copy and paste on large parts of the project so you end up typing a lot of information into excel projects.

J
Judy11 June 2020

Numbers in excel sheets provided do not match numbers in presentation. Presenter repeats things a lot, causing lectures to be longer than necessary. There are relevant information in the course, but it's not very engaging and it's confusing when numbers are messed up in the presentation and resources provided.

R
Racha7 February 2020

the initial excel downloaded does not follow the proper calculations for Gross Income and Net Income. Retirement plan was not deducted before calculating the taxes. FUTA was deducted from Employee Retained Earnings. December Salary for Judy Jones is wrong.

N
Nicolette24 November 2019

The content of the course is good, a lot of good information. Sometimes too long-winded for a fast learner. The course could have been shorter, too many repetitions.

S
Steve25 October 2019

This course was a great. It helped refresh some older task as well as eductate me in some areas I had not been performing. It went beyond just the teaching of payroll.

J
Johnny10 September 2019

This course is massive. It does not only treat payroll from a numbers standpoint. It deals with payroll as a subset of accounting, while also showing its connection with human resource. Dealing with how payroll affect the financial statement is fantastic. Not many of the other payroll courses deal with payroll as holistic as is done in this course. If you are looking for a payroll course that sets you apart, look no other play than here. The course is simply a masterclass. No other payroll course comes close to this one mainly because the instructor is not just a payroll personnel, but a seasoned accountant who understands the the payroll, its processes, and implications on the business, coupled with the fact that he understands taxes and accounting as well which gives him a competitive edge over his peers. Not only do I recommend this course but I also urge you to take advantage of his other accounting courses on his accounting website. You nailed this course

A
Alea2 September 2019

It's very informative and I feel that I will definitely get a comprehensive understanding of the finer points of Payroll. But, it is a lot to take in. At times, apart when I'm taking my own notes, I am staring at the same slide screen which hasn't changed for several minutes, and I think if the powerpoint could more actively follow and include more of the spoken information it would feel a little less dry and more engaging for the student. Also, Some of the Discussion questions throughout do not seem to be placed in correct sequence to the lessons. Sometimes I have to look ahead in the course for the unit relevant to the question in order to be able to compose an informed answer. I really appreciate the guided practice work sheets, the process of doing really helps to solidify the information to memory.

S
Sasha14 August 2019

I would like to tell a Huge Thank You to the Robert (Bob) Steele for an incredible work he did by creating this course. Just to be clear, I'm not a starting student, I have 2 university bachelors degree (one in Accounting, and another one in Law, both obtained in Europe), the same time I just starting my accounting practice in the US. As far as I had dealt with lots of instructors and lectors of different qualification levels, please, believe me, I know what I'm talking about. This course is an absolute gift for those people who are interested in getting a strong base of practical knowledge in the basics of calculating payroll and its accounting side. Logically built and practically oriented material that gives you a lot of clear and useful practical answers. Lectures provided to each presentation are given in an easy clear language (lector's voice and speaking manner are absolutely charming, by the way:). At the same time, to those ones of you guys, who are strongly intended to become CPP for $12.99, I just want to say, Payroll as itself is a huge and complicated topic, each component of which is directly related to a bunch of regulations, on the both federal and state local level. But what is great about this course, it gives you a strong base of knowledge and an idea in which direction to move on the way to improve your professional skills in payroll accounting and calculation. I absolutely satisfied and strongly recommend this course! Thank you so much again!!=*)

R
Rhoda29 October 2018

The course has been ok At three points the discussion questions was about journal entry and we had not cover the material yet I also thought there were some hands on excel worksheets. Maybe I'm looking in the wrong place. Some things were very repetitive.

M
Michele22 September 2018

Good refresher on some of the things I was rusty on. I look forward to the calculations and hands on material.

I
Ivana6 August 2018

Another great course by Bob. The payroll topic is usually tricky and involves quite a number of moot points, but Bob takes you through all the stages smoothly and makes it easily understandable with logical and simple, down-to-earth explanations. The course also includes a practical payroll problem together with the accompanying forms that you have to fill in and file, which is also done in an easily understandable manner. I have to admit that I've always had a bit of aversion towards payroll accounting, but after doing this course with Bob I feel much more confident about it. Now I think I am able to apply my knowledge in real world business situations regarding this topic. I highly recommend this course!

A
Ariadne17 July 2018

Much more comprehensive course the I have seen. Most payroll courses seem to be trying to sell software rather then teach payroll. This course goes into the details of payroll calculation from a calculation perspective and a financial statement perspective.



Coupons

StatusDateDiscount
Expired9/28/2019100% OFF

1739174

Udemy ID

6/9/2018

Course created date

9/28/2019

Course Indexed date
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