Effective Bookkeeping and Payroll | Free online course | Alison

Effective Bookkeeping and Payroll

Learn about bookkeeping and payroll and the factors involved like taxes and budgeting with this free online course.

Free Course
This free online course teaches students about effective bookkeeping and payroll. Students will learn about accounting for a company. They will also learn about taxes during payroll. The course will cover budgeting and budgeting strategies. This also goes into detail about subsidiary ledgers and special journals. So, why wait? Start this course today and learn about effective bookkeeping and payroll.





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This course, Effective Bookkeeping and Payroll, will provide you with an understanding of bookkeeping and payroll. You will learn the principles of bookkeeping and internal controls. You will be able to explain subsidiary ledgers and special journals. You will also learn about reconciliations as well as correcting entries.

This course then explains sales tax, different state taxes, and their impact of payroll. You will learn about budgeting and effective budgeting strategies for your company. You will also learn about accounting for merchandising and accounting for cash. The course will cover partnerships and corporations as well as accounts receivable and bad debts. Students will also learn all about interim profit vs loss.

This course then wraps up with preparing to close the books and transitioning to closing the books at the end of the year. You end the course by learning all about cash flow as well as the indirect method and the direct method. By taking this course you will learn the necessary knowledge and skills needed to effectively manage payroll and fiances in a company. So why wait? Start learning today.

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Overview of Internal Controls

Subsidiary Ledgers and Special Journals


Correcting Entries

Sales Tax


Accounting for Merchandising

Accounting for Cash


Partnerships and Corporations

Accounts Receivable and Bad Debts

Interim Profit or Loss

Year End - Preparing to Close the Books

Year End - Closing the Books

Cash Flow

Course assessment

Learning Outcomes

Having completed this course, you will be able to:

  • Evaluate payroll for salaried and hourly employees
  • Outline an effective budgeting strategy for a fiscal year
  • Arrange Subsidiary Ledgers and Special Journals
  • Describe the relationship in a business partnership
  • Outline cash flow from operations, investing, and financing
  • Explain GAAP and how these principles come into play in bookkeeping
  • Categorize and organize accounts receivable to ensure payments are organized and received


All Alison courses are free to enrol, study and complete. To successfully complete this Diploma course and become an Alison Graduate, you need to achieve 80% or higher in each course assessment. Once you have completed this Diploma course, you have the option to acquire an official Diploma, which is a great way to share your achievement with the world. Your Alison Diploma is:

Ideal for sharing with potential employers - include it in your CV, professional social media profiles and job applications
An indication of your commitment to continuously learn, upskill and achieve high results
An incentive for you to continue empowering yourself through lifelong learning

Alison offers 3 types of Diplomas for completed Diploma courses:

Digital Diploma - a downloadable Diploma in PDF format, immediately available to you when you complete your purchase
Diploma - a physical version of your officially branded and security-marked Diploma, posted to you with FREE shipping
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All Diplomas are available to purchase through the Alison Shop. For more information on purchasing Alison Diplomas, please visit our FAQs. If you decide not to purchase your Alison Diploma, you can still demonstrate your achievement by sharing your Learner Record or Learner Achievement Verification, both of which are accessible from your Dashboard. For more details on our Diploma pricing, please visit our Pricing Page.



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