Bookkeeping 2

This course is a continuation of the Bookkeeping 1 course and focuses on Payroll, Asset Depreciation, and Inventory. Students will learn to distinguish between employee categories, understand federal and state requirements, complete forms for reporting, and post transactions related to payroll processing. Various depreciation methods will be covered for determining the cost and life of asset types as well as inventory valuation methods such as LIFO, FIFO, and LCM. Course materials will be sent prior to the class meeting date. No software required.

Prerequisite: Bookkeeping 1 and Quickbooks 1