Training & Implementation

By: Integrated Business Services  09-12-2011
Keywords: Accounting, Bookkeeping, Payroll

Training and Implementation

We can set up your company's books and teach you how to maintain the system of your choice. A system that meets your bookkeeping needs can be implemented, and customized training and on-going support provided.

We Offer:
  • Company set-up
  • Personalized training/coaching – learn as much or as little as you need
  • Training in a class environment
  • On-going support

Training can be provided on-site, with the pace and schedule determined by you. Or, attend one of our training courses in an easy to understand, hands-on learning environment.

We explain the basic concepts of accounting, its structure, standards and definitions.

Training can be provided on-site, with the pace and schedule determined by you. Or, attend one of our training courses in an easy to understand, hands-on learning environment. We explain the basic concepts of accounting, its structure, standards and definitions.

Accounting Basics
  • Bookkeeping
  • Accounting
  • Reporting
  • Non-financial Data
  • Financial Data

Components of an Accounting System
  • Revenue Cycle
  • Order Entry
  • Cash Receipts / Deposits
  • Accounts Receivable
  • Purchase Cycle
  • Purchase Orders / Purchasing
  • Cash Disbursements / Checks
  • Accounts Payable
  • Payroll Cycle
  • General Journal Cycle
  • How Does Posting Work?

Accounting Terms and Concepts
Basic Accounting Structure
  • Balance Sheet
  • Income Statement
  • Basic Accounting Formula

All types of companies, from large corporations to small businesses, continually rely on trained individuals to keep their finances in order through detailed bookkeeping. Integrated Business Services can help you learn the bookkeeping basics you need for success in a new bookkeeping career or even help you learn how to start a bookkeeping business of your own!

Integrated Business Services can help you learn the fundamentals of bookkeeping by offering comprehensive training on a number of bookkeeping basics, including:

  • Introduction to Bookkeeping
  • Fundamental Bookkeeping Practices
  • Bookkeeping Documents
  • Measuring and Reporting
  • Dealing with Cash
  • Tools and Resources

Bookkeeping Module 1 - Introduction to Bookkeeping:
  • Bookkeeping in Context
  • The Bookkeeping Mindset
  • The History of Bookkeeping: A Yardstick on our Civilization
  • A Crash Course in Computers for Accounting Personnel
  • Two Extended Bookkeeping Case Studies
  • Bookkeeping Documents: A Visual Glossary

Bookkeeping Module 2 - Fundamental Bookkeeping Practices - Part One:

  • The Purpose of Accounting
  • Financial Versus Managerial Accounting
  • The Balance Sheet
  • The Income Statement
  • Analyzing Transactions
  • The T-Account
  • Journal Entries
  • Posting to the Ledger

Bookkeeping Module 3 - Fundamental Bookkeeping Practices - Part Two:
  • Adjusting Entries
  • Linking the Income Statement and Balance Sheet
  • Completing the Accounting Cycle
  • Closing Entries
  • Types of Business Operations
  • Gross Profit and Net Income
  • Cost of Goods Sold
  • Sales Returns and Allowances
  • Sales Discounts
  • Measuring and Reporting Receivables

Bookkeeping Module 4 - Fundamental Bookkeeping Practices - Part Three:
  • Subsidiary Ledgers and Special Journals
  • Ordering Systems
  • Purchase, Sales, Cash Receipts and Cash Payments Journals
  • Payroll and Taxes
  • Compulsory and Voluntary Deductions
  • Recording the Payroll
  • Dealing with Cash
  • The Statement of Cash Flows
  • Partnerships

5 reasons to manage your business finances with software.

Whether you're trying to grow your business or help ensure its continued success, spending time on accounting tasks is not the best use of your time. Your business needs you.

The right accounting software can help. Discover why, if you're just starting out in business or are using manual methods to manage your finances, switching to software may make all the difference.

  1. It saves you time and helps you work faster.

    Accounting isn't as simple as punching in numbers. There are provincial and federal regulation updates to consider, changes to forms, sales tax requirements, complex calculations - and more.But when you use financial management software, you spend less time on these types of accounting details. Why? Because your software does that work for you - with automatic updates as new information becomes available.

  2. It's more accurate, with features that reduce errors.

    Managing your business finances with pencil & paper or spreadsheets can lead to errors - from entering data incorrectly to misplacing payments.Software solutions built for small businesses like yours include features that identify errors for you. And because you're inputting data less when you use software, you don't have to worry about double-entries, typos or other mistakes.

  3. It's easier to use and understand.

    Think software is complicated? Worried about installation, learning a difficult program or something going wrong that you can't fix? It doesn't have to be that way.The right accounting software will include all the tools you need - plus easy set-up, a familiar look and feel and the ability to make corrections if you need to. Reduce your data entry, track payments, create reports and see your bottom line at a glance - easily.And because QuickBooks is made for small business, there's no accounting experience required.

  4. It shows you exactly how your business is doing.

    Great reports can help you stay on top of your business performance.With pencil & paper or spreadsheets, generating reports is often a long & complicated process: Spend time deciding what reports you need. Search for related data. Manually create each report - including data entry, calculations & formatting. And repeat the whole process every time you need a new report.Software simplifies reporting. Just choose a report template, customize it as you see fit - and your software does the rest. More powerful reporting, with the ability to report on all of your historical transactions, will allow you to make better business decisions.

  5. It makes payroll easy.

    Calculating payroll by hand for one person can be time-consuming - but when you have multiple employees to pay, the task of calculating deductions and writing each cheque and pay-stub by hand adds up. And come year end, the calculations have to be done all over again.Accounting software with payroll functions makes paying employees easier. With automatic government payroll updates, built-in accuracy-checkers, simplified tools to print or distribute cheques, payroll software makes monthly payroll tasks easy - and even includes tools to make tax time easier. At year end, all the information is already prepared for you to review, print or efile - and you're done.
QuickBooks Payroll Lets You Take Minutes - Not Hours - To Pay Your Employees.

Keywords: Accounting, Accounts Payable, Accounts Receivable, Bookkeeping, Payroll

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Other products and services from Integrated Business Services



For some of our clients, bookkeeping is more complex and includes full financial statements, transaction detail, accounts receivable and accounts payable reporting. Growing businesses often reach a point where they require professional financial advice but cannot afford a full-time CFO or Controller. Having financial reports on a monthly basis helps you make better informed and timely decisions around your business finances.


New Business Start-ups

Integrated Business Services will introduce you to the Canada Revenue Agency programs you need to know about, and give an overview of your obligations and entitlements under the laws that need to be administered. Set up of accounting software and training. Are you operating one already.