Bookkeeping: Understanding The Mechanics
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.
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
30 Day Money Back Guarantee. If you are unsatisfied for any reason, simply contact us and we’ll give you a full refund. No questions asked.
Get started today and learn more about understanding the bookkeeping mechanics
Section 1 - Introduction
Meet The Instructor And Resources
The Set Up Of The Course
Accounting Is A Process
Section 2 - Let Us Learn Debits And Credits
Introduction And Let Us Refresh
Finish Up The Refresh
Seeing More Double?
Bob And The Equation
More Equation And Bob
T-Accounts And What Is A Debit?
Transactions To T-Accounts
Footing, Balancing And Trial Balancing
Section 3 - Accounting Is A Cycle
Introduction: The Cycle
Interim VS Final
What Are Adjustments And Closing?
Setting Up The Worksheet
Section 4 - Adjusting In The Cycle
Wrapping The Adjustments
Section 5 - Closing Up The Cycle
Closing? We’re Still In Business
What Gets Closed?
Revenue, Expenses And Income Summary
Closing The Income Summary And Draw
Section 6 - So Now What?
Let Us Wrap Up