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,
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.
Section 1 - Course Introduction
Introduction – Course Overview
Introductions And Off – Course Resources
Downloadable Materials And Quizzes
Section 2 - Money And Its Relationship To Business
Before We Start – Business Vs. Personal
Why Worry About The Money?
What Kind Of Business Are You?
The Four Business Types
Section 3 - Let's Understand What We're Talking About
What And Why
When And Where
Consistency Is The Key
Section 4 - The Tools
The Big Equation: A = L + E
Accounts And The Chart Of Accounts
Sample Charts Of Accounts
Section 5 - Here Comes The Money - Income And Revenue
How Are You Actually Making Money?
Invoices, Receipts And Statements
If You Are Invoicing
Not All Money Coming In Is Income
Section 6 - There Goes The Money - Expenses
What Are Expenses?
What Does It Cost To Make or Acquire The Product? – COGS
Organizing The Expenses
Section 7 - The Other Big Three
It’s Just “Stuff” – Assets
Can You Break A $100 Bill? – Asset Shift
The Company Owes What? – Liabilities
But What’s Really Mine? – Equity
Section 8 - Who Owes Whom?
Put It On My Tab – Accounts Payable
You Want To Pay When? – Accounts Receivable
What If They Don’t Pay?
Section 9 - For The Record Books
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
Section 10 - Odds And Ends
Terms And Cash Discounts
Shipping And Freight
Good Record Keeping
Top 10 Mistakes Small Businesses Make
Top 6 Tips For Good Bookkeeping
Section 11 - So Now What?
Can I Get Some Help and Our Course Recap