At some time in the life cycle of a business, the owner/manager must deal with the sale or succession of the business. In Accounting for Business Transitions, you will receive a working understanding of the business issues involved in these situations and be familiar with the financial information the owner/manager typically requires in making business decisions during a sale or transfer of the business.
Bring added value to your business and clients with this specialized information. You will make yourself a critical member of the team during such a transition as you are charged with the important responsibility of gathering information for the purposes of a sale or acquisition—often under stressful conditions—to enhance the opportunity to maximize equity or minimize loss.
Advanced Bookkeeping for a Selection of Business Profiles
This course uses the features in Simply Accounting to hone your bookkeeping skills for a variety of different business types. You will move your skills beyond basic transaction data entry to developing a complete set of books for a variety of different businesses.
You will also become aware of all the ways you can customize and format existing Simply Accounting reports, reconciling to the bank becomes easier and financial reports from simple to complex are no challenge.
The technical side of payroll, if done incorrectly, can cost the employer or the employee money, not to mention penalties with the Canada Revenue Agency. Advanced Payroll for Professional Bookkeepers will help you become a more astute compliance manager to ensure payroll is more than simply accurate. It will also allow you to assist your client to be more astute in negotiating employment contracts to the after-tax benefits of the employees of the firm, which could include family members.
Most employers over-deduct withholding taxes, err in accounting for taxable and tax-free benefits, and incur inefficiencies and deficiencies in accounting for vacation pay, termination pay and other technical aspects of payroll preparation. This is true also when using outsource providers.
You will have the opportunity to gain insight into: completion of a full payroll cycle, TD1/T1213 form completion, accounting for statutory and non-statutory deductions, taxable and non-taxable perks and benefits and T-slip preparation for any business using Simply Accounting as the framework.
Bookkeeping, for some, is like learning a complicated foreign language. The Knowledge Bureau has translated all you need to know to confidently prepare books in a computer-based double entry bookkeeping system.
This course will teach you the accounting principles you need to know to maximize the use of your Simply Accounting software. The benefits are substantial: use your new credentials to find a new job, earn a second or independent income, earn more money at your existing employer, start your own independent business as a certified bookkeeper or train new staff to keep books and records in line with tax department requirements. Become the certified professional who knows how to use Simply Accounting to set up a proper double entry bookkeeping system for a small business, analyze and report transactions within the accounting cycle to the business owner and prepare financial statements ready for tax preparation and review by the accountant.Learn what accounts the transactions you process belong to, making astute data entry decisions on how to process a large variety of transactions for small to medium sized businesses. In addition, learn how to properly prepare bank reconciliations and simple payroll. Detailed guidance to using Simply Accounting is included.
So you have kept your client’s books beautifully... now what? Keeping proper books using a double entry system is one thing, but their real value comes from using this information to enable a business to meet its financial goals and make better management decisions.
This second course in the Certified Bookkeeping Specialist designation program provides professional bookkeepers with specific skills and practical experience in the areas of: formatting account analysis, recording and analyzing transactions around fixed asset acquisitions and dispositions, assumptions, forecasts and formats, sales budgeting, cash flow budgeting, and much more.
Are you able to advise owners and managers of private business about the best way to manage his or her compensation to maximize the amount of after-tax income available? This course has been designed to do just that. You will get a solid understanding of options available when constructing compensation packages, and understanding of the salary-dividend-bonus mix to maximize tax efficiency for the owner and each family member, and understand constraints imposed by income tax and other laws so you can provide sound advice to the employer or client on compensation planning all year long.
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