Bookkeeping: Understanding The Mechanics

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This course is designed for those interested to learn the basics of bookkeeping and understanding the mechanics to be able to determine when to use “debit” and “credits” when recording transactions.

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About This CourseBeginner

Using simple, easy to understand discussion, illustrations and note sheets, this focused course with video lessons teaches you the basic understanding of the financial tools “debits” and “credits”.

After completing the course, students will feel more confident and knowledgeable on topics such as:

  • What’s the difference between debits and credits
  • When does each one mean an increase versus a decrease
  • How do they relate to assets, liabilities and equity
  • Also, how do they relate to income and expenses
  • What is a T-Account and how is it used in bookkeeping
  • What is an easy way to remember when to use “debit” and use “credit”

Who this course is for:

This course is designed for both new and established small business owners and managers who may be strong in their own fields but want a better understanding of the basic concepts of tracking their company finances as well as students beginning the journey of learning bookkeeping.

Our Promise to You

By the end of this course, you will have learned and understand the bookkeeping mechanics

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Get started today and learn more about understanding the bookkeeping mechanics

Course Curriculum

Course Sections

Downloadable Materials

Course Overview

Meet The Instructor And Resources

The Set Up Of The Course

Accounting Is A Process

Introduction And Let Us Refresh

Finish Up The Refresh

Seeing Double?

Seeing More Double?

Bob And The Equation

More Equation And Bob

Equation Practice

T-Accounts And What Is A Debit?

Transactions To T-Accounts

Footing, Balancing And Trial Balancing

Introduction: The Cycle

Interim VS Final

What Are Adjustments And Closing?

Setting Up The Worksheet

Why Adjust?

Prepaid Assets

Inventory Adjustments

Depreciation

More Depreciation

Accrued Liabilities

Wrapping The Adjustments

Closing? We’re Still In Business

What Gets Closed?

Revenue, Expenses And Income Summary

Closing The Income Summary And Draw

Let Us Wrap Up

Reviews

5
2 student reviews
  1. Adrienne Grolbert says:

    Awesome!
    I have a far better understanding of bookkeeping and the background now. I wouldn't be able to continue on in my studies without this course.

  2. Dorothy Valentine says:

    Super Great!
    This was a very detailed and understanding course. I would recommend it to anyone.