Center of Excellence

The Bill.com Certification online course provides an in-depth exploration of Bill.com’s benefits, features and functionality. By the end of this course, you’ll:

• Identify the steps to setup your Bill.com account.

• Identify the features and functionality available on your Dashboard.

• Identify the process for creating a bill from your Inbox.

• Identify the steps to pay a vendor from your Bill.com account

• Identify the steps to be paid by a customer via your Bill.com account.

Weekly Trivium presents seminars on various topics in several groupings related to what a bookkeeper should know, a client manager and so on. You must be logged into your trivium email to be able to view or download these video files.

Internal bookkeepers should review these Bookkeeper Trainings:

https://classroom.google.com/c/MTU1NDQyMzczMTI1?cjc=lhw63si

Those with client facing jobs should review the Client Manager Trainings:

https://classroom.google.com/c/MTUzMTA5NTAxNDc3?cjc=gtsdxlt

https://drive.google.com/open?id=1gR6wky-vcflQB_33R64SCnTH7qaCWwQi&authuser=nathan%40triviumcs.com&usp=drive_fs

There are many examples of standard footnotes in accounting and they vary based on the needs of the accountant making the financial statement preparation. Below are some examples to benefit a statement preparer.

1. "Matching principal of GAAP not yet implemented as it relates to revenue & COGS" means that there is a timing mismatch of the revenue recognition and offsetting cost of good recognition stemming usually from expensing the cost of product on purchase and not maintaining sufficient backup for inventory tracking purposes.

2. "No labor COGS recorded against service revenue" means that the portion of direct and indirect labor applicable to the cost of product is being expensed directly with wages expense.

3. "Based on operating expense analysis, some costs are still reflected under cash basis" means that there is expenses being recorded as they are paid for rather than when the associated economic value is derived.

Financial Statement Footnote Categories