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Institute of Technologies Pakistan.051-4852895. Rawlapindi.Islamabad.Microsoft Office is an office suite of applications, servers and services. It was first announced by Bill Gates of Microsoft on 1 August 1988 at COMDEX in Las Vegas. Initially a marketing term for a bundled set of applications, the first version of Office contained Microsoft Word, Microsoft Excel and Microsoft PowerPoint. Over the years, Office applications have grown substantially closer with shared features such as a common spell checker, OLE data integration and Visual Basic for Applications scripting language. Microsoft also positions Office as a development platform for line-of-business software under the Office Business Applications brand. On 10 July 2012, Softpedia reported that Office is used by over a billion people worldwide. The desktop version of Office is available for Windows and OS X. A touch-optimised version of Microsoft Office is available pre-installed on Windows RT tablets. A mobile version of Office, Office Mobile, is available for free on Windows Phone, iOS and Android. A web-based version of Office, Office Online, is also available.[5] Microsoft has stated that it plans to create a version of Office for "other popular platforms" as well.[citation needed] The current desktop version is Office 2016 for Windows and OS X, released on 22 September 2015[6] and 9 July 2015,[3] respectively. Contents 1 Desktop components 1.1 Word 1.2 Excel 1.3 PowerPoint 1.4 Access 1.5 Outlook 1.6 OneNote 1.7 Other desktop applications 1.8 Server applications 1.9 Web services 2 Office Mobile 3 Common features 4 File formats and metadata 5 Extensibility 6 Password protection 7 Versions available 7.1 Compatibility 7.2 Licensing 7.3 Support 8 Discontinued applications and features 8.1 Discontinued server applications 8.2 Discontinued web services 9 Version history 9.1 Windows versions 9.2 Mac versions 10 References 11 External links Desktop components[edit] Word Main article: Microsoft Word Microsoft Word is a word processor and was previously considered the main program in Office. Its proprietary DOC format is considered a de facto standard, although Word 2007 can also use a new XML-based, Microsoft Office-optimized format called .DOCX, which has been standardized by Ecma International as Office Open XML, and its SP2 update supports PDF and a limited ODF.[7] Word is also available in some editions of Microsoft Works. It is available for the Windows and OS X platforms. The first version of Word, released in the autumn of 1983, was for the MS-DOS operating system and had the distinction of introducing the mouse to a broad population. Word 1.0 could be purchased with a bundled mouse, though none was required. Following the precedents of LisaWrite and MacWrite, Word for Macintosh attempted to add closer WYSIWYG features into its package. Word for Mac was released in 1985. Word for Mac was the first graphical version of Microsoft Word. Excel Main article: Microsoft Excel Microsoft Excel is a spreadsheet program that originally competed with the dominant Lotus 1-2-3, and eventually outsold it. It is available for the Windows and OS X platforms. Microsoft released the first version of Excel for the Mac OS in 1985, and the first Windows version (numbered 2.05 to line up with the Mac and bundled with a standalone Windows run-time environment) in November 1987. It provided more functionality than the previous version. PowerPoint Main article: Microsoft PowerPoint Microsoft PowerPoint is a presentation program for Windows and OS X. It is used to create slideshows, composed of text, graphics, and other objects, which can be displayed on-screen and shown by the presenter or printed out on transparencies or slides. Access Main article: Microsoft Access Microsoft Access is a database management system for Windows that combines the relational Microsoft Jet Database Engine with a graphical user interface and software-development tools. Microsoft Access stores data in its own format based on the Access Jet Database Engine. It can also import or link directly to data stored in other applications and databases. Outlook Main articles: Microsoft Outlook and Microsoft Entourage Microsoft Outlook (not to be confused with Outlook Express) is a personal information manager. The replacement for Windows Messaging, Microsoft Mail, and Schedule+ starting in Office 97, it includes an e-mail client, calendar, task manager and address book. On the Mac OS, Microsoft offered several versions of Outlook in the late 1990s, but only for use with Microsoft Exchange Server. In Office 2001, it introduced an alternative application with a slightly different feature set called Microsoft Entourage. It reintroduced Outlook in Office 2011, replacing Entourage.[9] OneNote Main article: Microsoft OneNote Microsoft OneNote is a freeware notetaking program. It gathers notes (handwritten or typed), drawings, screen clippings and audio commentaries. Notes can be shared with other OneNote users over the Internet or a network. OneNote was initially introduced as a standalone app that was not included in any of Microsoft Office 2003 editions. However, OneNote eventually became a core component of Microsoft Office; with the release of Microsoft Office 2013, OneNote was included in all Microsoft Office offerings before eventually becoming completely free of charge. OneNote is available as a web application on Office Online, a Windows desktop app, a mobile app for Windows Phone, iOS, Android, and Symbian, and a Metro-style app for Windows 8 or later. Other desktop applications Other desktop applications included in Microsoft Office suite include: Microsoft Publisher: desktop publishing app mostly used for designing brochures, labels, calendars, greeting cards, business cards, newsletters, web site, and postcards Microsoft Lync: integrated communications client for conferences and meetings in real time (known as Microsoft Office Communicator in Office 2007, bundled with Professional Plus and Enterprise editions[10]). In 2015 Q1 Microsoft re branded Lync as 'skype for business' after acquiring Skype. Microsoft Project: project management software to keep track of events and to create network charts and Gantt charts, not bundled in any Office suite Microsoft Visio: diagram and flowcharting program not bundled in any Office suite Microsoft SharePoint Designer: a specialized HTML editor for Windows that develops SharePoint sites, now part of Microsoft SharePoint family and offered as an independent freeware download Server applications[edit] Microsoft SharePoint: collaboration server Excel Services InfoPath Forms Services Microsoft Project Server: project management server Microsoft Search Server Microsoft Lync Server (formerly Office Communications Server and Live Communications Server) – real time communications server Web services[edit] Docs.com: A place where Office users can discover, upload and share Word, Excel, PowerPoint, Sway and PDF files on their profile page Microsoft Office Online: A suite of web-based versions of Microsoft Word, Excel, OneNote and PowerPoint Sway: A presentation web app in preview status released in October 2014. It also has a native app for iOS and Windows 10. Microsoft Office website: The official website of Microsoft Office Microsoft Update: Web site. Patch detection and installation service for Microsoft Office. Microsoft Office 365: Subscription-based software services that licenses Microsoft Office products for on-premises or cloud-based use. Office Mobile Main article: Microsoft Office Mobile Office Mobile includes the scaled-down and touch-optimised versions of Word, Excel and PowerPoint. Other Office applications such as OneNote, Lync and Outlook are available as standalone apps.[11] Office Mobile enables users to save and access documents on OneDrive, OneDrive for Business, and SharePoint. Additionally, the Windows Phone version also allows users to save files locally on the device. According to Microsoft, Office Mobile for iPhone and Android are "very similar" to each other, whereas the Windows Phone version provides a "richer, more integrated experience". Office Mobile for iPhone was released on 14 June 2013 in the United States.[13] Support for 135 markets and 27 languages was rolled out over a few days.[14] It requires iOS 7 or later.[15] Although the app also works on iPad devices, excluding the first generation, it is designed for a small screen.[13] Office Mobile was released for Android phones on 31 July 2013 in the United States. Support for 117 markets and 33 languages was added gradually over several weeks.[12] It is supported on Android 4.0 and later.[16] Office Mobile for both iPhone and Android, available for free from the App Store and Google Play Store respectively, initially required a qualifying Office 365 subscription to activate, but in March 2014, with the release of Office for iPad, the apps were updated making them fully free for home use, although a subscription is still required for business use. On 6 November 2014, Microsoft released updated versions of Word, Excel and Powerpoint for iOS. On 24 June 2015, Microsoft released updated versions of Word, Excel and Powerpoint for Android. In January 2015, Microsoft unveiled updated universal app versions of the Office applications for Windows 10 devices—including tablets and smartphones—that are based upon the previously released Android and iOS apps. Common features Most versions of Microsoft Office (including Office 97 and later) use their own widget set and do not exactly match the native operating system. This is most apparent in Microsoft Office XP and 2003, where the standard menus were replaced with a colored, flat-looking, shadowed menu style. The user interface of a particular version of Microsoft Office often heavily influences a subsequent version of Microsoft Windows. For example, the toolbar, colored buttons and the gray-colored 3D look of Office 4.3 were added to Windows 95, and the ribbon, introduced in Office 2007, has been incorporated into several programs bundled with Windows 7 and later. Users of Microsoft Office may access external data via connection-specifications saved in Office Data Connection (.odc) files.[25] Both Windows and Office use service packs to update software. Office had non-cumulative service releases, which were discontinued after Office 2000 Service Release 1. Past versions of Office often contained Easter eggs. For example, Excel 97 contained a reasonably functional flight-simulator. Office XP and later do not have any Easter eggs, in compliance with Trustworthy Computing guidelines. File formats and metadata Microsoft Office prior to Office 2007 used proprietary file formats based on the OLE Compound File Binary Format.[26] This forced users who share data to adopt the same software platform.[27] In 2008, Microsoft made the entire documentation for the binary Office formats freely available for download and granted any possible patents rights for use or implementations of those binary format for free under the Open Specification Promise.[28][29] Previously, Microsoft had supplied such documentation freely but only on request. Starting with Office 2007, the default file format has been a version of Office Open XML, though different than the one standardized and published by Ecma International and by ISO/IEC. Microsoft has granted patent rights to the formats technology under the Open Specification Promise[31] and has made available free downloadable converters for previous versions of Microsoft Office including Office 2003, Office XP, Office 2000[32] and Office 2004 for OS X. Third-party implementations of Office Open XML exist on the Windows platform (LibreOffice, all platforms), OS X platform (iWork '08, LibreOffice) and Linux (LibreOffice and OpenOffice.org 3.0). In addition, Office 2010 and Service Pack 2 for Office 2007 supports the OpenDocument Format (ODF) for opening and saving documents. Microsoft provides the ability to remove metadata from Office documents. This was in response to highly publicized incidents where sensitive data about a document was leaked via its metadata.[33] Metadata removal was first available in 2004, when Microsoft released a tool called Remove Hidden Data Add-in for Office 2003/XP for this purpose.[34] It was directly integrated into Office 2007 in a feature called the Document Inspector Extensibility A major feature of the Office suite is the ability for users and third party companies to write add-ins (plug-ins) that extend the capabilities of an application by adding custom commands and specialized features. One of the new features is the Office Store.[35] Plugins and other tools can be downloaded by users.[36] Developers can make money by selling their applications in the Office Store. The revenue is divided between the developer and Microsoft where developer gets 80% of the money.[37] Developers are able to share applications with all Office users (who Microsoft says number at 1 billion).[37] One such example of Office app is a heat map for Excel. The app travels with the document, and it's up to the developer what the recipient will see when they open it. They'll either have the option to download the app from the Office Store for free, start a free trial or be directed to payment.[37] With Office's cloud abilities, IT department can create a set of apps for their business employees.[38] When employees go to the Office Store, they'll see their company's apps under My Organization. The apps that employees have personally downloaded will appear under My Apps.[37] Developers can use web technologies like HTML5, XML, CSS3, JavaScript, and APIs for building the apps.[39] An application for Office is a webpage that is hosted inside an Office client application. User can use apps to amplify the functionality of a document, email message, meeting request, or appointment. Apps can run in multiple environments and by multiple clients, including rich Office desktop clients, Office Web Apps, mobile browsers, and also on-premises and in the cloud.[39] The type of add-ins supported differ by Office versions: Office 97 onwards (standard Windows DLLs i.e. Word WLLs and Excel XLLs) Office 2000 onwards (COM add-ins)[40] Office XP onwards (COM/OLE Automation add-ins)[41] Office 2003 onwards (Managed code add-ins – VSTO solutions)[42] Password protection[edit] Main article: Microsoft Office password protection Microsoft Office has security feature which allows users to encrypt Office (Word, Excel, PowerPoint) documents with user provided password. User password can contain up to 255 characters and uses AES 128-bit advanced encryption by default.[43] Password could be used to restrict modification of the entire document, worksheet or presentation. Due to lack of document encryption most passwords could be cracked using a third-party cracking software.[44] Versions available[edit] Compatibility[edit] Microsoft supports Office for the Windows and OS X platforms, as well as mobile versions for Windows Phone, Android and iOS platforms. Beginning with Mac Office 4.2, the OS X and Windows versions of Office share the same file format, and are interoperable. Visual Basic for Applications support was dropped in Microsoft Office 2008 for Mac,[45] then reintroduced in Office for Mac 2011.[46] Microsoft tried in the mid-1990s to port Office to RISC processors such as NEC/MIPS and IBM/PowerPC, but they met problems such as memory access being hampered by data structure alignment requirements. Microsoft Word 97 and Excel 97 however did ship for the DEC Alpha platform. Difficulties in porting Office may have been a factor in discontinuing Windows NT on non-Intel platforms.[47] Stuart Cohen, CEO of Open Source Development Labs, conjectured in 2006 that Microsoft would eventually release a Linux port of Office,[48] which occurred via Microsoft Office Mobile for Android phones (OS 4.0 or later) in 2013 and tablets (OS 4.4 or later) in 2015. Office is also available for iOS, another Unix-like platform. Office for Windows Phone and the older Windows Mobile are distinguished from Windows NT versions.

Microsoft Office is a Suite of products developed by Microsoft that includes Microsoft Word, Excel, Access, PowerPoint, and Outlook. Each program has a different purpose and is compatible with other programs included in the Package. The suite of programs is compatible with the Windows. Microsoft Office is the most Common form of software used in the whole world. Government approved certificates and diplomas. Inspire Institute of Technologies Pakistan (Pvt) Ltd is affiliated with RCCI, SECP, SDA, TTB, TTPC, SDC & PSSC Government of Pakistan. Microsoft Office is an office suite of applications, servers, and services developed by Microsoft. It was first announced by Bill Gates on August 1, 1988, at COMDEX in Las Vegas. Initially a marketing term for a bundled set of applications, the first version of Office containedMicrosoft Word, Microsoft Excel, and Microsoft PowerPoint. Over the years, Office applications have grown substantially closer with shared features such as a common spell checker, OLE data integration andVisual Basic for Applications scripting language. Microsoft also positions Office as a development platform for line-of-business software under the Office Business Applications brand. On 10 July 2o12, Softpedia reported that Office is used by over a billion people worldwide. The desktop version of Office is available for Windows and OS X. A touch-optimised version of Microsoft Office is available pre-installed onWindows RT tablets. A mobile version of Office, Office Mobile, is available for free on Windows Phone, iOS and Android. A web-based version of Office, Office Online, is also available. Microsoft has stated that it plans to create a version of Office for "other popular platforms" as well. The current desktop version is Office 2o16 for Windows and OS X, released on 22 September 2015[7] and 9 July 2015,------------------------------------------------------- respectively. Contents 1Desktop components 1.1Word 1.2Excel 1.3PowerPoint 1.4Access 1.5Outlook 1.6OneNote 1.7Other desktop applications 1.8Server applications 1.9Web services 2Office Mobile 3Common features 4File formats and metadata 5Extensibility 6Password protection 7Versions available 7.1Compatibility 7.2Licensing 7.3Support 8Discontinued applications and features 8.1Discontinued server applications 8.2Discontinued web services 9Version history 9.1Windows versions 9.2Mac versions 1oReferences 11External links Desktop components Word Main article: Microsoft Word Microsoft Word is a word processor and was previously considered[by whom?] the main program in Office. Word is also available in some editions of Microsoft Works. It is available for the Windows and OS X platforms. The first version of Word, released in the autumn of 1983, was for the MS-DOS operating system and had the distinction of introducing the mouse to a broad population. Word 1.o could be purchased with a bundled mouse, though none was required. Following the precedents of LisaWrite and MacWrite, Word for Macintosh attempted to add closer WYSIWYG features into its package. Word for Mac was released in 1985. Word for Mac was the first graphical version of Microsoft Word. Its proprietary Doc format is a de facto standard, although Word 2oo7 deprecated this format in favor of Office Open XML, which was later standardized by Ecma International as an open format. Support for Portable Document Format(PDF) and OpenDocument (ODF) was first introduced in Word for Windows with Service Pack 2 for Word 2oo7.[9] Excel Main article: Microsoft Excel Microsoft Excel is a spreadsheet program that originally competed with the dominant Lotus 1-2-3, and eventually outsold it. It is available for the Windows and OS X platforms. Microsoft released the first version of Excel for the Mac OS in 1985, and the first Windows version (numbered 2.o5 to line up with the Mac and bundled with a standalone Windows run-time environment) in November 1987. It provided more functionality than the previous version. PowerPoint Main article: Microsoft PowerPoint Microsoft PowerPoint is a presentation program for Windows and OS X. It is used to create slideshows, composed of text, graphics, and other objects, which can be displayed on-screen and shown by the presenter or printed out ontransparencies or slides. Access Main article: Microsoft Access Microsoft Access is a database management system for Windows that combines the relational Microsoft Jet Database Engine with a graphical user interface and software-development tools. Microsoft Access stores data in its own format based on the Access Jet Database Engine. It can also import or link directly to data stored in other applications and databases.[10] Outlook Main articles: Microsoft Outlook and Microsoft Entourage Microsoft Outlook (not to be confused with Outlook Express) is a personal information manager. The replacement for Windows, Microsoft Mail, and Schedule+ starting in Office 97, it includes an e-mail client, calendar, and task manager and address book. On the Mac OS, Microsoft offered several versions of Outlook in the late 199os, but only for use with Microsoft Exchange Server. In Office 2oo1, it introduced an alternative application with a slightly different feature set called Microsoft Entourage. It reintroduced Outlook in Office 2o11, replacing Entourage. OneNote Main article: Microsoft OneNote Microsoft OneNote is a freeware notetaking program. It gathers notes (handwritten or typed), drawings, screen clippingsand audio commentaries. Notes can be shared with other OneNote users over the Internet or a network. OneNote was initially introduced as a standalone app that was not included in any of Microsoft Office 2003 editions. However, OneNote eventually became a core component of Microsoft Office; with the release of Microsoft Office 2o13, OneNote was included in all Microsoft Office offerings before eventually becoming completely free of charge. OneNote is available as a web application on Office Online, a Windows desktop app, a mobile app for Windows Phone, iOS, Android, and Symbian, and aMetro-style app for Windows 8 or later. Other desktop applications Other desktop applications included in Microsoft Office suite include: • Microsoft Publisher: desktop publishing app mostly used for designing brochures, labels, calendars, greeting cards, business cards, newsletters, web site, and postcards • Skype for Business: integrated communications client for conferences and meetings in real time (known as Microsoft Office Communicator in Office 2007, bundled with Professional Plus and Enterprise editions[12]). Originally calledMicrosoft Lync, it was renamed in 2015 after acquiring Skype. • Microsoft Project: project management software to keep track of events and to create network charts and Gantt charts, not bundled in any Office suite • Microsoft Visio: diagram and flowcharting program not bundled in any Office suite • Microsoft SharePoint Designer: a specialized HTML editor for Windows that develops SharePoint sites, now part of Microsoft SharePoint family and offered as an independent freeware download Course Outlines of MS Office / Basic IT Course: 1:Introduction. 2:Ms Word. 3:Ms Excel. 4:Ms Access. 5:Ms Power point. 6:Ms Outlook. 7:Typing. 8:Internet & Email. FOR REGISTRATION Contact Us: 0335-8041309

Bookkeeping and Payroll Diploma *New Year Offers* Quickbooks-PT,Talley ERP Description Course Curriculum 1. MODULE 01 • Introduction to Bookkeeping and Payroll • Transactions • Internal Controls and Control Concepts 2. MODULE 02 • Working with Ledgers • Reconciliation • Correcting Entries 3. MODULE 03 • Sales Tax, Rules and Filing • Budgeting & Strategic Plan • Types of Budgets 4. MODULE 04 • Merchandising Income Statement • Sales and Purchase Discounts • Petty Cash 5. MODULE 05 • Cash Controls – The Bank Reconciliation • The Payroll Process • Payroll Process – Earnings Record 6. MODULE 06 • The Partnership & Corporations • Accounts Receivable and Bad Debts 7. MODULE 07 • Preparing Interim Statements • Year End – Inventory 8. MODULE HANDOUTS • Module Handouts- Bookkeeping and Payroll Management 9. ADDITIONAL STUDY MATERIALS • Additional Study Materials- Business Accounting 10. REFERENCE BOOKS • Reference Books- Business Accounting Whatsapp: +923035530865, 03219606785,3315145601, 03495021336 IPATS Government Recognized Education Zone-Khanna Pul Rawalpindi-Islamabad Administration Skills and Payroll- Quickbooks-PT,Talley ERP Course Description Course Syllabus As part of the Administration & Payroll course students will learn a range of topics including the following: • Working as an Administrative Assistant • The role of the administrator • Working practices • Meetings • Business departments • Business travel • Effective customer service • Telecommunications • Internet and office technologies • Payroll: Understanding the Basics • Payroll in the United Kingdom • Introduction to Payroll Systems • Running payroll • Starters and Leavers • Tell HMRC about a new employee • Gross Pay • Minimum wage for different types of work • Statutory Pay • Employment Allowance • The PAYE regime • PAYE Online for employers • The NIC Regime • Employees who pay less National Insurance • Statutory and Voluntary Deductions and Net Pay • Correcting payroll errors • RTI and working the Computerised Payroll System • Payroll: annual reporting and tasks • Final Assessment Whatsapp: +923035530865, 03219606785,3315145601, 03495021336 IPATS Government Recognized Education Zone-Khanna Pul Rawalpindi-Islamabad QuickBook 2017 - Accounting, Payroll and Book Keeping Description Session 1 Section A: Course Opening • Introduction • How to Study for This Exam Section B: QuickBooks Setup • Before Setting Up a Company • Create a Company and EasyStep Interview • Remove Old Transactions • Customize the Home Page • Set Up Customer and Vendor Lists • Set Up Item Lists Section C: Navigation and Data Files • Navigate the Home Page • Navigate Menus and the Icon Bar • Navigate the Icon Bar • Back Up a Data File • Restore a Data File Section D: Program Information and Preferences • Determine the Release Number • Update QuickBooks • QuickBooks Modes • QuickBooks Versions • Password Protection • Preferences • Domain 1 and 2 Test Tips Session 2 Section A: List Management • Add Customers • Add Vendors • Add Items • General List Management • Edit List Entries • Merge List Entries Section B: Items • Items for Accounting Entries • Item Types • Products for a Specific Price • Services for a Specific Price • Unique Pricing Entries • Single Service or Product Section C: Session 2 Recap • Domain 3 and 4 Test Tips Session 3 Section A: Sales • Customer Center Lists • Navigate the Customer Center • Sales Workflow • Invoicing • Sales Receipts • Undeposited Funds • View Accounts Receivable and Checking • Customer Credits • Sales Statements • Handle Bounced Checks Section B: Purchases • Vendor Center Lists • Navigate the Vendor Center • Enter and Pay Bills • Write Checks • Use Credit Cards • Use Debit Cards • Purchase Workflow Transactions • Vendor Credits Section C: Inventory, Taxes, and Reconciliation • Inventory Workflows • Set Up and Collect Sales Taxes • Pay Sales Taxes • Bank Reconciliation Session 4 Section A: Payroll • Available Payroll Services • Starting the Payroll Setup Wizard • Employee Earnings • Employee Sick and Vacation Time • Finish the Payroll Setup Wizard • Set Up Payroll Schedules • Run Payroll • Pay Payroll Liabilities • Prepare Payroll Forms • Track Time and Invoice Customers Section B: Reports • Report Center • Customize Reports • Expand and Collapse Report Data • Report Descriptions • Process Multiple Reports • Send Reports to Excel • Memorize Reports Session 5 Section A: Basic Accounting • Financial Statements • Cash vs. Accrual Reports • Set a Closing Date • Enter a Journal Entry Section B: Customization and Shortcuts • Memorize Transactions • Set Up Multiple Users and Access • Create Custom Fields • Apply Custom Fields • Customize an Invoice Section C: Session 5 and Course Recap • Domain 9 and 10 Test Tips • Final Test Tips • Conclusion Whatsapp: +923035530865, 03219606785,3315145601, 03495021336 IPATS Government Recognized Education Zone-Khanna Pul Rawalpindi-Islamabad Diploma in Bookkeeping & Payroll Management - Quickbooks-PT,Talley ERP Module 1 This module will teach you about Basic Terminology. So, the good thing about accounting is that you can start out wherever you want, at the beginning, the middle, or the end and you will still wind up at the same place, nowhere (Just kidding). You really have to start at the beginning, or you will get lost. So, let’s start there, with some basic terminology. Some of this stuff may ring a bell for those of you who took accounting previously, were hired to keep the books at the corner Mom & Pop’s shop, or, were too cheap to hire a “real Accountant” and tried to do your own books. (How did that work out for you?). Either way, when we are done here, you are bound to be familiar with a lot of these basic bookkeeping and accounting terms. Module 2 This module will teach you about Basic Terminology (II). In this unit, we will finish up with the basic accounting terms that are bound to impress at the next corporate fundraiser for the IRS. I know what you’re thinking. There is no such thing as a corporate fundraiser for the IRS because the only funds the IRS will be raised are those out of our wallets. Below are the next few terms you will need to know. Module 3 This module will teach you about Accounting Methods. Since the preceding units of this course were a piece of cake, now let’s talk about accounting methods, starting with the topics of cash and accrual. When you were a child, if your parents allowed you to go door to door selling items for your school’s fundraiser, you have used cash and accrual methods. It’s a simple concept that allows you to record the sale or purchase of an item even if you have not yet received payment. Module 4 This module will teach you about Keeping Track of Your Business. knowing how to keep track of your business will prove to be very valuable in the short run and long run. There are a number of different aspects involved in keeping track of any business the right way. Many businesses go out of business within the first year or two if things are not handled properly. Have you ever been up late at night, just craving one of those good old roast beef sandwiches from thelocal24 hour deli? You find that the craving gets so bad, you get up, leave (in your plaid jammies) and take a ride over there, with your mouth watering the whole way. You pull up, and hop out of the car(very excited), only to find that your favourite business is no longer “in business.” One could assume they did not keep very good track of their business or, they moved. Module 5 This module will teach you about Understanding the Balance Sheet. n this unit we will be discussing the accounting equation, double-entry accounting, types of assets, types of liabilities and equity. The balance sheet will help provide balance to your business. It helps keep everything organized and on point. One of the worst things in accounting is un-organization. So, don’t treat your balance sheet like your sock drawer at home or that mysterious junk drawer in your kitchen that no one wants to organize. Module 6 This module will teach you about Other Financial Statements. In this unit, we will introduce the income statement, cash flow statement, capital statement, and budget versus actual. These terms all involve money or the use of money in some form. When we are done, you will have a better understanding of how the use of these methods will help your business run more efficiently. You’ll be swapping accounting terms with that hotshot accountant friend of yours in no time. Module 7 In this module, you will learn all about Payroll Accounting Terminology. In this unit, we will be discussing many terms which involve dealing with the financial aspects of your business. We will also be discussing the accounting methods and terms used in reference to your employees, by briefly going over the following terms: gross wages, net wages, employee tax withholdings, employer tax expenses, salary deferrals, employee payroll, employee benefits, tracking accrued leave, and government payroll returns and reports. Module 8 In this module, you will learn all about What Is Payroll. If your business has employees, you’ll have to do payroll. There’s no way to avoid it, but what is payroll, A payroll is a company’s list of its employees, but the term is common. Module 9 In this module, you will learn all about Principles Of Payroll Systems. The business of employing people in the UK is regulated by government legislation designed to protect workers. Employees are entitled to receive the regular financial reward for their work. The amount is specified in their contract of employment. Module 10 In this module, you will learn all about Confidentiality And Security Of Information. As for any other financial information in business, you must be aware of the requirements of the Data Protection Act and the need for security and confidentiality of data at all times. This is particularly relevant to employee payroll records. Module 11 In this module, you will learn all about Effective Payroll Processing. Effective payroll processing isn’t just an essential business function. It also plays a key role in maintaining a high level of employee satisfaction. Employees depend on getting paid promptly and consistently with the correct amount. A payroll process that’s slow, prone to errors or overly complicated can result in a strained relationship between an employer and workers and unnecessarily tax the time of the HR team. Module 12 In this module, you will learn all about Increasing Payroll Efficiency. Payroll is a mission-critical function. Across the enterprise, no other department is under the same pressure to deliver every transaction, on-time and error-free. It’s not an option to make mistakes or hold up the pays while you finish something else. This pressure means that many payroll departments don’t have time to review their processes and procedures with an eye for efficiency gains. Enhancing the efficiency of your payroll will not only strengthen compliance, but it also has the potential to deliver significant cost and time savings. In today’s competitive business landscape most organisations are striving to do more with less. Implementing efficient processes will ease the burden and free up time for more strategic activities. Module 13 In this module, you will learn all about Risk Management in Payroll. Because it is considered to be well established and routine in nature, organisations often fail to adopt a strategic risk framework at the payroll process level. Organisations may not adequately recognise the risk associated with changes to regulations that impact payroll processing. Some organisations focus on risk relating to fraud and IT issues and often fail to consider all potential risks across the payroll lifecycle. Module 14 This module will teach you about Time Management. Timesheets, time cards, the Bundy-clock or a Time & Attendance system – no matter which system you use, whether it’s paper-based or web-enabled, time records are a core part of the payroll process. It goes without saying though, that an online, automated system will enhance productivity and efficiency. Module 15 This module will teach you about Personnel Filing. The records can be kept electronically or on paper (but back them up if they’re electronic) and should be in English. As an employer, you have flexibility over what form records take Whatsapp: +923035530865, 03219606785,3315145601, 03495021336 IPATS Government Recognized Education Zone-Khanna Pul Rawalpindi-Islamabad

QUICK BOOKS ENTERPRISE, PREMIER & PRO.  Implementation  Professional & Practical Training  Consultancy Services We offer QuickBooks Accounting Software with Training and Implementation. We can upgrade your current Accounting Data to any Accounting Software of your need. Training Instructor: 12 Years Experienced Trainer & Consultant RIAZ HUSSAIN---- (0301-2126422)