Free Online Payroll Course | Learn Payroll Bookkeeping | Alison
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Professional Bookkeeping and Accounting 4 - The Trial Balance and More

Free online Payroll course about Journal entries, calculating Payroll, Taxes, Control Account and Trial Balance.

Accounting
Free Course
In this free online bookkeeping and accounting 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. Start this Professional Bookkeeping and Accounting 4 course today - a comprehensive course for those that need to prepare Journals, payroll, control accounts and a Trial Balance.
  • Duration

    1.5-3 Hours
  • Assessment

    Yes
  • Certification

    Yes

Description

Modules

Outcome

Certification

View course modules

Description

In this course we are looking that the accounting steps needed to create a trial balance from the daily transactions. We will look at the need for journals and we will also produce and prepare the journals day books to record both incoming and outgoing monies.

Next, we address the preparation of the 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

You will now be introduced to Control accounts: their function and how to use them. The final area we will cover is the preparation of the Trial Balance, which beings together a summary of all the transactions for a give period. And as it is crucial that the debits and credits balance, we will look at the steps you can take it if does not balance. Start this course today and improve your bookkeeping and accounting skills and knowledge.

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Learning Outcomes

Having completed this course, you will be able to:


  • Describe the process used to manage the journal day books
  • Discuss the need to collect taxes
  • Outline how to prepare a payroll journal from gross and net pay
  • Explain what control accounts are used for
  • Describe the process for creating and maintaining control accounts
  • List the steps needed to prepare a trail balance
  • Identify possible issues when the trial balance does not balance

Certification

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

Digital Certificate - a downloadable Certificate in PDF format, immediately available to you when you complete your purchase
Certificate - a physical version of your officially branded and security-marked Certificate, posted to you with FREE shipping
Framed Certificate - a physical version of your officially branded and security-marked Certificate in a stylish frame, posted to you with FREE shipping

All Certificates are available to purchase through the Alison Shop. For more information on purchasing Alison Certificates, please visit our FAQs. If you decide not to purchase your Alison Certificate, 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 Certificate pricing, please visit our Pricing Page.

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