CPB Bookkeeper study plan

Define assets, liabilities, equity, revenue, and expenses, then classify 30 accounts into the correct category

Apply the accounting equation to 15 transactions and verify it stays balanced after each one

Record 40 journal entries using correct debit and credit rules, including compound entries

Build a chart of accounts for a small service business with at least 25 numbered accounts

Prepare adjusting entries for accruals, deferrals, depreciation, and prepaid expenses across a one-month practice set

Complete a bank reconciliation and identify outstanding checks, deposits in transit, and bank errors

Produce an income statement, statement of owner's equity, and balance sheet from an adjusted trial balance

Close revenue and expense accounts and post the closing entries to retained earnings

Navigate QuickBooks Online by locating the gear menu, chart of accounts, and reporting center without prompts

Set up a new company file with correct fiscal year, industry, and opening balances

Create 25 products and services, 15 customers, and 10 vendors with complete contact and payment terms

Configure bank feed connections and categorize 20 downloaded transactions to the right accounts

Record 15 sales transactions using invoices, sales receipts, and credit memos with correct item and tax treatment

Enter 10 vendor bills, pay them, and apply vendor credits so accounts payable ties out

Reconcile two months of bank statements inside QuickBooks with zero unexplained difference

Run and interpret a Profit and Loss, Balance Sheet, and A/R Aging Summary report

Compute gross pay for hourly and salaried employees including overtime at the correct rate

Calculate federal income tax withholding, Social Security, Medicare, FUTA, and SUTA for 5 sample paychecks

Distinguish employee vs. employer payroll taxes and record both sides of a payroll journal entry

Identify the filing purpose and deadlines for Form 941, Form 940, and Form W-2

Configure payroll settings in QuickBooks including pay schedules, pay types, and deduction items

Run two complete payroll cycles and review the paychecks before submission

Record and pay payroll tax liabilities, then reconcile the payroll liability account to zero

Generate a Payroll Summary report and verify it against your manual calculations

Draft four professional client communications covering a missing receipt request, a billing dispute, a deadline update, and a scope clarification

Apply confidentiality and ethical standards by identifying what client information may and may not be shared in three scenarios

Explain a set of financial results to a non-accounting reader in under 150 words without jargon

Customize a QuickBooks report and write a three-sentence cover note interpreting it for the client

Complete two full-length timed practice exams covering all four domains

Review every missed question and write the underlying rule or concept next to each one

Re-drill your three weakest topics until you answer 10 consecutive questions correctly on each

Assemble a one-page formula and deadline reference sheet for payroll and month-end tasks