Please ensure Javascript is enabled for purposes of website accessibility
Bookkeeping: Understanding The Mechanics
5.0( 7 REVIEWS )
437 STUDENTS
3h 8m

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.

Read more.
Course Skill Level
Beginner
Time Estimate
3h 8m

Instructor

15+ years teaching college and 25+ years coaching business owners brings Ron to the forefront helping students learn using using simple, easy language


Only want this course? Buy this course for $199 $29 and keep lifetime access. Click here

About This Course

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.

What you’ll learn: 

  • 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”

Requirements: 

  • As long as you know how to add and subtract (or can use a calculator!), you’re ready to begin!

Last update – December 2021

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” along with allowing you to put your learning into practice.

Everyday examples, using common phrases and terms you already know, allows the instructor to break through the confusion and teach the concept and use of the tools on which everything else in bookkeeping and accounting is built.  Then as each new concept is introduced, you will have the opportunity to apply those points using a short, customized practice activity.  After completing your work, Ron will walk through the steps to allow you to understand what has taken place and identify areas you may need more practice or a better understanding.

Our Promise to You

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

10 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

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 Review

5.0

5.0
7 Ratings
  1. Anonymous

    Bookkeeping: Understanding The Mechanics

    5.0

    I enjoyed the Mechanics of Bookkeeping. It refresh some of my memory of Accounting and Bookkeeping that I’ve taken back in the early 90’s. I liked how Ron teaches you about bookkeeping and gives you real life examples. I will definitely take Bookkeeping: Understanding The Fundamental for a refresher course. Thank You Ron for the resources and continuing education others.

  2. Anonymous
    Fernando Thomas April 21, 2022 at 20:52 PM

    Excellent Teacher and Methology

    5.0

    I have had other instructors, but Ron is by far the best I have had. I recommend this course to anybody who wants to really understand the basics and mechanics of Accounting/Bookkeeping!

  3. Anonymous

    best course for beginners

    5.0

    Mr. Ron Trucks is a great teacher. This course is easy to learn for beginners.

  4. Anonymous

    Excellent class

    5.0

    This class is wonderful. i would recommend to everyone.

  5. Anonymous

    Good introduction

    5.0

    Good overview and introduction to basic accounting.

3954196

Get LIFETIME ACCESS to ALL courses 

Enter your Name and Email for a chance to win Lifetime Access to all courses!
Promotion ends today.

3954197

Get LIFETIME ACCESS to ALL courses 

Enter your Name and Email for a chance to win Lifetime Access to all courses!
Promotion ends today.

Success! You are now entered to win lifetime access to all courses. Winners are selected at the beginning of each month. 

P.S. Look out for our exclusive sales only shown to students on our email list!