Other Accounting Functions: Payroll and Banking

Gain practical skills in payroll accounting and navigating the banking system

Payroll is one of the most important functions in a business, helping to save you time, costs, and build trust with your employees when they are consistently paid on time.

On this four-week course, you’ll explore the payroll function in a business and understand the different elements that make up the payroll expense. You’ll then delve into the banking system to ensure you know how transactions are processed, and how this affects businesses.

Finally, you’ll have the opportunity to put your skills into practice as you complete course assessments to help cement the knowledge you have gained throughout the Complete Practical Bookkeeping ExpertTrack.

Learn useful banking terminology and how the banking system works

You’ll delve into how the banking system works so you can understand reasons for expected time delays, how funds are cleared, and gain a sound knowledge of different banking terminology across contexts.

You’ll also explore how a bank processes transactions and how your business records transactions internally to ensure accuracy in your financial information.

Explore different payment methods within a business

To help you understand all accounting functions, you’ll explore the different payment methods within a business. This includes cash, cheques, credit and debit cards, and automated payments.

Gain practical skills in accounting transactions

You’ll finish the course learning how to apply your knowledge to ensure you build the practical skills you need for accounting transactions.

You’ll take a practice assessment on double-entry bookkeeping, ledger accounting, financial statements, and reconciliations to prepare you for your final assessment where you can demonstrate your new skills.

This course is designed for anyone wanting to learn more about the specific accounting functions of payroll and banking.

It will be particularly useful for those who deal with payrolls and/or the banking system as part of their role or who would like to understand all the different elements which make up the payroll expense in the accounts.

The course will also be beneficial if you require a course to brush up on knowledge gained many years ago or you are currently studying at college or university and would like some help with these topics.