Description
Prerequisite: You need to complete Online Accounting/Bookkeeping Course
This practical, job-ready course will teach you how to manage the full bookkeeping cycle of a U.S. private school, from tuition billing and student accounts to payroll, donations, restricted funds, and financial reporting.
School bookkeeping goes beyond recording income and expenses. You need to understand how tuition payments, financial aid, scholarships, enrollment deposits, fundraising activities, and school operating expenses affect financial records.
You will learn the following topics:
- U.S. Private School Full-Cycle Bookkeeping Workflow
- Understanding Nonprofit and For-Profit School Accounting
- Setting Up a School Chart of Accounts in QuickBooks Online
- Tuition Billing and Student Accounts Receivable
- Recording Tuition Payments and Enrollment Deposits
- Deferred Tuition Revenue and Revenue Recognition
- Managing Financial Aid, Scholarships, and Tuition Discounts
- Student Payment Plans, Outstanding Balances, and Collections
- Recording Donations, Fundraising Income, and Pledges
- Restricted and Unrestricted Funds Accounting
- Grant Accounting and Tracking Grant Expenses
- Accounts Payable and School Operating Expenses
- Bank and Credit Card Reconciliations
- Payroll for Teachers, Administrative Staff, and School Employees
- Payroll Journal Entries, Benefits, and Accruals
- Tracking School Expenses by Department, Program, and Fund
- Recording School Fees, Activities, and Other Program Revenue
- Managing Prepaid Expenses, Fixed Assets, and Liabilities
- Month-End Close and School Account Reconciliations
- Preparing Financial Statements for Private Schools
- Budget vs. Actual Reporting and Financial Analysis
- Preparing Financial Reports for School Management and Board Members
- Supporting Form 990, W-2, and 1099 Reporting Requirements
- Identifying and Correcting Common School Bookkeeping Errors
- Preparing for U.S. Private School Bookkeeping Interviews
Price: ₱799 with lifetime access.