PAC Bookkeeping Module 2

Part 5 Real Life Data Entry 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 Part 6 Prepare Payroll like a Seasoned Pro What they don’t teach you in college about payroll 3 tests to determine when a person is an employee or not, and how to escape costly IRS penalties by ensuring you’re right When to use an outside payroll service instead of doing it yourself An up-to-the-minute review of new payroll rules and guidelines 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 mark-up and profit Part 7 Your First Client 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 Part 8 Two Businesses You Will Want The right recipe for the 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 financials for City Clothing Company SELF-TEST: Test yourself - see how you are coming so far with a self-checked open book exam Own Your Own Bookkeeping Business What’s in Module #1? What’s in Module #3? What’s in Module #4? What’s in the Self Employment Package? Frequently Asked Questions

Lawler & Witkowski, CPAs, PC Area of Practice:
Financial Planners | IRS Tax Problem Solutions | Offer in Compromise | IRS Return | IRS Problems
Payroll Taxes | Tax Lien | Wage Levy | Income Tax | Tax Preparation

Serving the State of New York:
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