41 Enrolled
2 Hours (On-Demand)
CPE Not Available
Instructor for this course

Critical areas of responsibility for a bookkeeper to be engaged with are the management and recording of payroll as well as business expenditures.  Payroll is a high risk area that impacts not only the company but also the employees, while expenditures are a pivotal component of how the organization operates and can manage its profits. 

First, this course reviews the many processes involved in payroll management including timekeeping, payroll withholdings, and calculating and executing pay.  An employer, regardless of number of workers, must maintain all records pertaining to payroll taxes (income tax withholding, social security tax and federal unemployment tax). Twenty different kinds of employment records must be kept just to satisfy federal requirements.  As you can see, this is a critical and complex area for the bookkeeper.

Next, this course covers the concept of expense management and the many categories of expense including fixed, variable and periodic. Business expenses are costs incurred in the ordinary course of business. They apply to companies of all sizes. On the income statement, business expenses are subtracted from revenue to arrive at a business's taxable net income. It is important to ensure that expenses incurred are “valid” business expenses to be deductible for tax purposes.

This course compliments the other Bookkeeping Basic courses on the Illumeo.com platform.  

Whether you are a business owner or want to develop the skill of bookkeeping to begin a career, there are critical accounting and bookkeeping concepts that are important to learn. These courses have been developed by a CPA who has both small and large business accounting experience and background. The full curriculum of bookkeeping courses will provide you with the ultimate foundation to a career as a bookkeeper.  

NOTE: This course is one of a series of courses developed for the Professional Bookkeeping Certification program on Illumeo. The full curriculum of courses will provide you with the ultimate foundation to a career as a bookkeeper. 

Learning Objectives

  • Explore the payroll process.
  • Discover types of payroll taxes and methods of calculation.
  • Identify payroll risks to avoid.
  • Explore business expenses and deductibility.
Last updated/reviewed: November 14, 2019

Included In Certifications

This course is included in the following Certification Programs:

14 CoursesProfessional Bookkeeping Certification

  1. Bookkeeping Basics - Critical Accounting Terminology and Effective Execution of Concepts
  2. Bookkeeping Basics – Processes and Debits and Credits
  3. Bookkeeping Basics – Accrual vs. Cash Accounting
  4. Bookkeeping Basics – Payroll and Expenses
  5. Bookkeeping Basics – Formation of a Legal Entity and Establishing a Chart of Accounts
  6. Bookkeeping Basics – Utilizing Journals, Subsidiary Ledgers and the General Ledger
  7. Bookkeeping Basics – The Essential Responsibilities of the Bookkeeper on a Daily, Weekly, Monthly and Annual Basis
  8. Bookkeeping Basics – Fixed Assets and Inventory
  9. Bookkeeping Basics – Accounts Payable/Disbursements and Accounts Receivable/Receipts
  10. Management Internal Control Essentials
  11. GAAP Principles, Assumptions and Considerations
  12. GAAP Presentation of Financial Statements
  13. Bookkeeping Basics – Case Study Scenario
  14. Useful Bookkeeping Tools

6 Reviews (20 ratings)Reviews

Anonymous Author
This section was very informative both the payroll and allowable expenses. I also like the fact that it is honest about the varying areas and to check with a professional for additional information. Real honest and smart process
Anonymous Author
Good overview of the process of payroll, associated taxes, and mistakes to avoid. Section about expenses was concise but thorough.
Member's Profile
Very Informative. Learned a lot about the rules and regulations of tracking expenses
Member's Profile
Very informative stuff... starting to understand the whole picture of the work...
Anonymous Author
Course material was thorough and presented in an easy to comprehend manner.
Member's Profile
A very complicated process explained in a clear, understandable way.


Course Complexity: Intermediate

No Advanced Preparation or Prerequisites are needed for this course. However, it is recommended to take the other courses in the series prior to completing this one.

Education Provider Information

Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Course Syllabus
  2:10Introduction to Bookkeeping Basics – Payroll and Expenses
  11:13Payroll Continued
  11:57Payroll Taxes
  13:50Payroll Taxes Continued
  3:44Payroll Risks to Avoid
  6:39Business Expenses
  17:26Allowable Deductible Business Expenses
  1:20:51Bookkeeping Basics – Payroll and Expenses
  PDFSlides: Bookkeeping Basics – Payroll and Expenses
  PDFBookkeeping Basics – Payroll and Expenses Glossary/Index