Bookkeeping, Tax, Accounting, QuickBooks

Practical Small Business Application

Learn accounting with the Universal Accounting Course
Module # II     Practical Small Business Applications
(4 DVDs)

Purpose: To help you succeed in business by using professionally designed accounting systems for a variety of industries.
Average time to complete: 18 Hours

If you received your degree in accounting from a university or college, you know firsthand that the class instruction emphasized theory at the cost of being practical. Imagine your alarm if you were approached the day you left college to set up and operate a set of books for a gas station.

This is where Universal's course, Practical Small Business Applications would become so valuable. In this home study course you will complete the books for four different businesses in varying industries. You will master the eight-step process that must be completed for each business in arriving at meaningful financial information. You will learn different methods of accounting for different industries that will provide you with an enhanced understanding of the needs of each individual business.

This one-week course (on DVD) is designed to train you in the day-to-day procedures used by businesses each month to record and tabulate their financial events. During this course you will complete books for four different businesses, implementing the entire accounting process from entering data to the preparation of the financial reports. In addition, you will learn the process of preparing payroll, including calculation of payroll taxes.

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PB - Professional Bookkeeper Program
The Professional Bookkeeper (PB) Program is the premier training course in small-business accounting. For more than 25 years, Universal Accounting Center has specialized in small-business accounting, honing our training materials to become the most complete and competiti... Learn More

Training Included:

Accounting Made Easy - - Course Module 1
Master the tools, procedures, and underlying principles that make up the bookkeeping processes of all businesses. Understand the core building blocks of Accounting and Bookkeeping. -- 9 Videos & Manual. See Sample

Practical Small Business Applications -- Course Module 2
Apply your understanding of the core accounting principles to specific industries. You will learn to set up books from scratch, do payroll like a seasoned pro, and much more. -- 6 Videos & Manual.See Sample

Advancing your "Account-Ability" -- Course Module 3
Sure ways to set up complete bookkeeping systems and manage the books for a variety of more sophisticated industries. -- 9 Videos & Manual.See Sample

Building a Successful Accounting Service -- Course Module 4
Learn the steps to finding paying clients. Start and Grow an accounting practice following a proven program tested and perfected since 1979. -- 7 Videos & Manuals.See Sample

Two Additional Months Follow-up Support (Free Promotional Offer)
1 month support is included for each module plus 2 months extra for a total of 6 months follow-up support

Customized Web Site (Free Promotional Offer)
With your purchase we will create a custom Web site for your business and host it for you for free for 6 months. Your Web site will become a valuable part of your marketing; in many cases you may only need to refer prospective clients to your site and it will sell your services for you. See CustomUniversal Accounting Website

Two Additional Practice Sets (Free Promotional Offer)
Practice makes perfect. The modules already contain practice sets for nine different businesses. With your purchase you'll receive two more practice sets, giving you eleven in all. This will give you even more confidence and experience in various industries and the opportunity to work with additional types of clients.

Professional Bookkeeper Testing (Free Promotional Offer)
Certificate of completion (final grade greater than 65%)
Certified Professional Bookkeeper (with 90% or better grade)

Course Countries (US, Canada, etc)
Course intended for US, Canada, and anywhere people have accounting needs.

Professional Bookkeeper Guarantee
If, after completing the course, you feel the course didn't live up to your expectation, simply return the materials to Universal, for a 100% refund of any monies paid.

PB - Professional Bookkeeper Program

Product Description

Call us today at 877-833-7909 to get started.

We will customize a program for you based on your career goals, experience level, and budget.

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Preview of What Your Will Learn

Course Curriculum

• The eight-step process of maintaining the financial records of a business, including collecting the information, entering it into specialty journals, and preparing the financial statements of a business.
• The complete accounting cycle for four different businesses, including a furniture store, convenience store, clothing store and bakery.
• How payroll is calculated including gross pay and tax considerations. You will learn when to consider, and how to calculate and report the seven state payroll taxes including the rules of contractor versus employee status and how to apply them.
• The three methods of calculating Cost of Goods Sold — how and when to use each.
• How to maintain Subsidiary Ledgers for Accounts Receivable, Accounts Payable, and Payroll

Video 1- Real Life Data Entry
(Session 1, Part 1)

• Setting up a set of books from scratch
• How to 'lock-in' on credit purchases
• How to capture and report reliable sales data
• Know precisely where all those hard earned dollars were spent
• Learn what the computer does with all that financial data it is fed
• Understand the "why's and wherefore's" of advantageous payment terms used by vendors

Video 2- Completing the Accounting Model
(Session 1, Part 2)

• What they don't teach you in college about payroll
• Tests to determine when a person is an employee or not, and how to escape costly IRS penalties by ensuring you're right
• When you should use an outside payroll service, instead of doing it yourself
• How and when to prepare those bewildering quarterly reports with confidence
• Calculate cost of goods sold faster, and with less information
• Understand the relationship between markup and profit

Video 3 - Practical Application in the Retail Industry
(Session 2)

• Utilize all 3 methods of calculating cost of goods sold in an authentic situation
• Experience the accounting system for 3 types of businesses (all under one roof): Grocery store, gas station, and auto repair shop
• Understand how subsidiary ledgers tell it all
• CASE STUDY: Transform the first month's transactions into a complete set of financial statements for Barry's Gas & Groceries

Video 4- Practical Application in the Food Service and Apparel Industry
(Sessions 3, 4)

• The right recipe for a bakery and catering business books
• Efficient and accurate reporting of inventory adjustments, and owner costs
• How to highlight cash shortages and overages -- when are they a problem?
• CASE STUDY: Stewart's Bakery has hired you as their Accountant -- Complete a month's books from beginning to end
• CASE STUDY: Prepare a well-fitted, accounting system for a clothing store, and prepare the first month's financial's for City Clothing Company

Other Modules:
Module 1: Accounting Made Easy
Module 3: Advancing Your Account-Ability

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