Effective Bookkeeping and Payroll Course | Free Online | Alison

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Effective Bookkeeping and Payroll

Learn about bookkeeping and payroll and the factors involved like taxes and budgeting with this free online 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. This payroll course will cover budgeting and budgeting strategies, and also goes into detail on topics such as 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 study. To successfully complete a course you must score 80% or higher in each course assessments. Upon successful completion of a course, you can choose to make your achievement formal by purchasing an official Alison Diploma or Certificate.

Having an official Alison document is a great way to celebrate and share your success. It is:

  • Ideal to include with CVs, job applications and portfolios
  • A way to show your ability to learn and achieve high results
All Diplomas are available to purchase through the Alison Shop. For more information on purchasing Alison Diplomas, please visit our FAQ. 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 Tableau de bord. For more details on our Diploma pricing, please visit our Pricing Page.


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