Liabilities and Equity in Accounting 

Welcome to Intuit's Bookkeeping Certification Program

Welcome to Course 3: Liabilities and Equity in Accounting

Welcome to Liabilities and Equity

This Season's Client: Crankshaft Customs

Meet the Players

Course Schedule

Job Search

Let?s Get Started

Introducing Liabilities

Liabilities Overview

Current Liabilities

Non-Current Liabilities

The Natural Account Balance

Liabilities Wrap

Introduction to Credit

Lines of Credit

Expert Opinion

Discussing Credit with Clients

Credit Purchases and Payments

Deferred Revenue

Line of Credit Wrap Up

Welcome Reading Liabilities and Equity in Accounting

Assets and Liabilities

Liabilities Overview Practice Quiz

Additional Current Liabilities Practice Quiz

Liabilities and Equity in Accounting Assessment

Introducing Sales Tax

The Complexities of Sales Tax

Recording Sales Tax Liability

Accounting Software to the Rescue!

Reports and Recaps

Introducing Payroll

Payroll Overview

Additional Considerations for Payroll

The Payroll Process

Step 1: Choosing a Payroll System

Step 3: Gathering Employee Information

A Word from an Expert

Step 4: Setting up Direct Deposit

Step 5: Time Tracking System

The Matching Principle and Payroll

Step 6: Collect Employee Timesheets

Step 7: Approve and Submit Employee Payroll

Step 8: Report and Update Payroll Records

Reporting

Payroll Wrap Up

Introduction to Bookkeeping for Payroll

Cash Flow in Payroll

Journal Entries for Payroll

Entering an Employee Into Payroll

Paying the Boss

Reports and Payroll

Bookkeeping for Payroll Wrap Up

Sales Tax Liability Practice Quiz

Matching Principle and Payroll Practice Quiz

Payroll Practice Quiz

Bookkeeping for Payroll Practice Quiz

Payroll, Obligations, and Loans Assessment

Lesson Introduction and Learning Objectives

Overview of Long-term Obligations

Recording Long-term Obligations and Payments

Long-term Obligations and QuickBooks

Long-term Liabilities and the Balance Sheet

Long-term Obligations Wrap Up

Introducing Bank Loans

Overview of Mortgages

Overview of Amortization

Commercial Loans

Short-term Bank Loans

Bank Loans Wrap Up

Introducing Stockholder Equity

Owner's Equity

Calculating Equity

Owner's Draw

Closing Process

Stockholder Equity Wrap Up

Long-term Obligations and Notes Payable Practice Quiz

Bank Loans Practice Quiz

Stockholder Equity Practice Quiz

Equity and Liabilities Assessment

Introducing Accounts Payable, Cash Payments, and Sales Tax Payable

Recap of the Accounting Equation

Intro to Sample Company and Overview of Accounts Payable Transactions

Overview of Cash Payment Transactions

Overview of Sales Tax Payable Transactions

Accounting Errors

Accounts Payable, Cash Payments, Sales Tax Payable Wrap Up

Introducing Practice with Payroll

Payroll and the Accounting Equation

Practice with Payroll Wrap Up

Introducing Practice with Bank Loans and Equity

Reviewing the Amortization Activity

Journal Entries

Loans and the Accounting Equation

Changes in Equity - Earnings

Changes in Equity - Withdrawals

Changes in Equity - The Accounting Equation

Practice with Bank Loans and Equity Wrap Up

Liabilities and Equity in Accounting Case Study

Accounts Payable, Cash Payments, Sales Tax Payable Practice Quiz

Practice with Payroll Practice Quiz

Practice with Bank Loans and Equity Practice Quiz

Liabilities and Equity in Accounting Case Study Assessment