Understanding The Basics Of Bookkeeping

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This course is designed for those interested to learn the basics of bookkeeping in an easy to understand terms and concept.

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  • On Demand Video Lessons
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About This Coursebeginner

It takes a lot to be able to understand how to run a business. Whether you’re the owner, an employee or even a student trying to understand how everything works.  You may have a full range of talent in your specific field, but that doesn’t mean you’re strong in every area of running a business. And that’s how this course approaches the material.

Using simple, easy-to-understand discussion, along with full color illustrated note sheets and samples, this course with over 50 video lessons teaches you the basic fundamentals of how money is tracked and what that means to your business or project.

The course provides beginners understanding of how the basic concepts using everyday examples along with common phrases and terms to teach that “other language” of bookkeeping and for you to feel more confident in working with vendors, customers, employees, investors, instructors and more!

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

    • The difference between Assets, Liabilities and Equity
    • What is Income and how do you track it
    • Which types of Expenses can be claimed by your business
    • The Five W’s of Bookkeeping
    • Transactions, The Fundamental Financial Equation and Charts of Accounts
    • Accounts Receivables and Accounts Payables
    • Reading Financial Reports
    • Business Odds and Ends such as Mileage Tracking, Credit Terms, Shipping and Freight, Trade Discounts
    • The Top 10 Mistakes Small Businesses Make
    • The Top 6 Tips for Good Bookkeeping

Our Promise to You

By the end of this course, you will have learned the basics of bookkeeping.

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 the basics of bookkeeping.

Course Curriculum

Course Sections

Introduction – Course Overview

Introductions And Off – Course Resources

Downloadable Materials And Quizzes

Before We Start – Business Vs. Personal

Why Worry About The Money?

What Kind Of Business Are You?

The Four Business Types

What And Why


When And Where

Consistency Is The Key

Section Intro


The Big Equation: A = L + E

Accounts And The Chart Of Accounts

Sample Charts Of Accounts

How Are You Actually Making Money?

Invoices, Receipts And Statements

If You Are Invoicing

Invoice Samples

Not All Money Coming In Is Income

What Are Expenses?

What Does It Cost To Make or Acquire The Product? – COGS

Organizing The Expenses

The Stamp

Section Intro

It’s Just “Stuff” – Assets

Can You Break A $100 Bill? – Asset Shift

The Company Owes What? – Liabilities

But What’s Really Mine? – Equity

Put It On My Tab – Accounts Payable

You Want To Pay When? – Accounts Receivable

What If They Don’t Pay?

How Are You Doing And How Do You Know?

Cash Reporting Versus Accrual Reporting

Am I Making Profit? – P And L Report

Where Do I Stand Right Now? – The Balance Sheet

Am I Worth Anything? – The Owner’s Equity Reports

What’s Owed To Me and By Me – The A/P and A/R Reports


Mileage Tracking

Terms And Cash Discounts

Trade Discounts

Shipping And Freight

Good Record Keeping

Top 10 Mistakes Small Businesses Make

Top 6 Tips For Good Bookkeeping

Can I Get Some Help and Our Course Recap


1 student review
  1. Adrienne Grolbert says:

    As someone who is both starting to learn bookkeeping in order to start a small bookkeeping business this was very helpful and provided guidance for starting off right.