Professional Bookkeeping & Accounting 4:Trial Balance & More

Learn about Journal entries, Calculating Payroll, Deducting Taxes, Control Account and Preparing the Trial Balance
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56 students enrolled
Instructed by Paula Guilfoyle Business / Finance
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  • Lectures 21
  • Length 1 hour
  • Skill Level All Levels
  • Languages English
  • Includes Lifetime access
    30 day money back guarantee!
    Available on iOS and Android
    Certificate of Completion
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About This Course

Published 3/2016 English

Course Description

Course Description

Professional Bookkeeping and Accounting 4 - a comprehensive course for those that need to prepare Journals, payroll, control accounts and a Trial Balance

In This Course You Will Learn How To Prepare and Record Journals, Calculate Gross And Net Pay, Understand The Need To Collect Taxes From Payroll, Reconcile Control Account and Prepare a Trial Balance.

Do you need to create a trial balance from your general ledger? Do you need to make adjustments to the general ledger, do you need to prepare payroll journals? Are you considering a career in Bookkeeping or Accounting? Are you studying for Professional Accounting or Bookkeeping exams? THEN REGISTER NOW

Course Overview

Section 1 of this course is an introduction section.

In section 2 we will move into Journals. We will look at the need for journals and we will also produce and prepare the journals day books

Section 3 of this course is about Payroll. We will look at calculating gross pay and net pay and we will also look at the need for employers to deduct payroll journals. After this we will then prepare the payroll journals and enter the transactions to the general ledger

Section 4 of this course is a high level overview of Control accounts

In section 5 we will prepare an Initial Trial balance and we will look at the steps you can take it if does not balance

This course contains:

Workbook to download

Activities to complete


Certificate of Completion

******BONUS****** FREE Join a community of other learners where you can interact with each other and with the instructor.


REGISTER NOW and get started with Professional Bookkeeping and Accounting 4 - Journals, Payroll and the Trial Balance!


By the end of this course, you'll have the knowledge and confidence make adjustments and entries to the general ledger using journals, calculate gross and net payroll and to prepare a trial balance from the general ledger


Your purchase is 100% RISK FREE with a 30 day money-back guarantee. If you don't learn anything new from this course, simply request a refund within your 30 day period for your money back, no questions asked.

What are the requirements?

  • You should have a prior knowledge of bookkeeping and accounting to the same level as the Udemy courses Professional Bookkeeping and Accounting 1 - 3

What am I going to get from this course?

  • Prepare and record journals for adjustments and payroll
  • Calculate gross pay and net pay and understand the need for employers to deduct taxes
  • Identify debit and credit transactions to control accounts
  • Close general ledger accounts and calculate a balance to be carried forward
  • Prepare an initial Trial Balance and know what steps to take if it does not balance

Who is the target audience?

  • You should NOT take this course if you are unfamiliar with prime/day book entries
  • You should take this course if you have enrolled in Professional Bookkeeping and Accounting 1-3 and wish to progress to the next level
  • You should take this course if you need additional exam prep in the topics covered

What you get with this course?

Not for you? No problem.
30 day money back guarantee.

Forever yours.
Lifetime access.

Learn on the go.
Desktop, iOS and Android.

Get rewarded.
Certificate of completion.


Section 1: Introduction

A quick overview of this course


Please download the workbook as you will need it for the activities and the samples

Section 2: Journals

By the end of this lesson you will be able to explain the use of a journal


describe the content and format of a journal & Prepare journal entries directly from transactions, books of prime entry as applicable or to correct errors


By the end of this lesson you will be able to record journals into the general ledger

Section 3: Payroll and related taxes
Explain why authorisation of payroll transactions and security of payroll information is important in an organisation, Identify the different payment methods in a payroll system, for example, cash, cheque and automated payment & Explain the difference between wages and salaries and gross and net pay
Calculation of gross wages for employees paid by the hour, paid by output and salaried workers

Explain the deductions that are made to an employee’s gross pay, Explain the employer’s responsibilities for taxes, state benefit contributions and other deductions.


Explain the additional amounts that an employer will need to pay in respect of its employees


Prepare the journal enteries for the payroll


Record the payroll transactions into the general ledger


It is now your turn to practice what we have covered in both section 2 and section 3.

Section 4: Control Accounts

Describe the purpose of control accounts as a checking device to aid management and help identify bookkeeping errors: Explain why it is important to reconcile control accounts regularly and deal with discrepancies quickly and professionally


Prepare the receivables control account or receivables ledger by accounting for: i) Sales ii) Sales returns iii) Payments from customers including checking the accuracy and validity of receipts against relevant supporting information iv) Settlement discounts v) Irrecoverable debts

Prepare the payables control account or payables by accounting for: i) Purchases ii) Purchase returns iii) Payments to suppliers including checking the accuracy and validity of the payment against relevant supporting information iv) Settlement discounts
2 questions

Test your understand of control accounts and double entry

Section 5: Trial Balance

By the end of this lesson you will be able describe the TB


By the end of this lesson you will Prepare an initial trial balance & Identify where balance accounts are entered into a trial balance


by the end of this lesson you will be able to Take steps to adjust the entries if the trial balance does not balance the first time.

Activity - Prepare the Trial balance

A quick wrap up on this course


Find out how you can contact me

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Instructor Biography

Paula Guilfoyle, CPA Accountant, Online Educator & Life Long Learner

Paula is a Qualified CPA with over 15 years' experience in the fields of Accountancy, Business Management,Process improvement, Internal Audit, Group accountant, Operations management and Training. All across a broad range of industries and sectors. Paula has been Key Speaker at many Accounting Events where her talks on Excel are received very positively. Taken from her experiences in Accounting and business fields, Paula also has Udemy courses for those wishing to up skill, especially in the area of Spreadsheets, Bookkeeping and Accounting.

Now an E-learning Educator 5+ years, Paula also has a focus on E-learning and online teaching. Drawn from her online teaching experience,Paula has a number of courses available to online teachers to help bridge the skills gap for those that teach or wish to teach online.

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