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About This Course

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

Course Curriculum

3h 8m

Section 1 - Introduction
Downloadable Materials 00:00:00
Course Overview 00:00:00
Meet The Instructor And Resources 00:00:00
The Set Up Of The Course 00:00:00
Accounting Is A Process 00:00:00
Section 2 - Let Us Learn Debits And Credits
Introduction And Let Us Refresh 00:00:00
Finish Up The Refresh 00:00:00
Seeing Double? 00:00:00
Seeing More Double? 00:00:00
Bob And The Equation 00:00:00
More Equation And Bob 00:00:00
Equation Practice 00:00:00
T-Accounts And What Is A Debit? 00:00:00
Transactions To T-Accounts 00:00:00
Footing, Balancing And Trial Balancing 00:00:00
Section 3 - Accounting Is A Cycle
Introduction: The Cycle 00:00:00
Interim VS Final 00:00:00
What Are Adjustments And Closing? 00:00:00
Setting Up The Worksheet 00:00:00
Section 4 - Adjusting In The Cycle
Why Adjust? 00:00:00
Prepaid Assets 00:00:00
Inventory Adjustments 00:00:00
Depreciation 00:00:00
More Depreciation 00:00:00
Accrued Liabilities 00:00:00
Wrapping The Adjustments 00:00:00
Section 5 - Closing Up The Cycle
Closing? We’re Still In Business 00:00:00
What Gets Closed? 00:00:00
Revenue, Expenses And Income Summary 00:00:00
Closing The Income Summary And Draw 00:00:00
Section 6 - So Now What?
Let Us Wrap Up 00:00:00

Course Reviews


4 ratings

    Excellent class


    This class is wonderful. i would recommend to everyone.

  2. Bill Clements

    Good introduction


    Good overview and introduction to basic accounting.

  3. Adrienne Grolbert



    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.

  4. Dorothy Valentine
    Dorothy ValentineAugust 27, 2019 at 2:28 pm

    Super Great!


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

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