Learn the basics of bookkeeping in just 50 video lessons. Ideal for business owners and students. Gain confidence in managing finances!
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15+ years teaching college and 25+ years coaching business owners brings Ron to the forefront helping students learn using using simple, easy language
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About This Course
Who this course is for:
- This course is designed for both new and established small business owners and managers who excel in their respective fields but seek a deeper understanding of the basics of bookkeeping. It is also ideal for students embarking on their bookkeeping journey.
- A solid grasp of these fundamentals enhances communication with CPAs and tax advisors, improves decision-making for the business and its employees, and helps students effectively engage with their instructors.
What you’ll learn:
- What income is and how to track it
- Which types of expenses can be claimed by your business
- The difference between assets, liabilities, and equity
- The Five W’s of bookkeeping
- Transactions, the fundamental financial equation, and charts of accounts
- Accounts receivable and accounts payable
- How to read financial reports
- Important business considerations such as mileage tracking, credit terms, shipping and freight, and trade discounts
- The top 10 mistakes small businesses make
- The top 6 tips for effective bookkeeping
Requirements:
- As long as you can add and subtract (or use a calculator!), you’re ready to begin!
Understanding how to run a business can be challenging, whether you’re an owner, employee, or student trying to grasp the basics of bookkeeping. While you may possess a wealth of talent in your field, running a business requires skills in various areas, which this course aims to address.
Using straightforward, easy-to-understand discussions along with colorful illustrated note sheets and samples, this course features over 50 video lessons that teach the basics of bookkeeping and their significance for your business or project.
The course provides beginners with an understanding of basic concepts using everyday examples and familiar terms, helping you become more confident in communicating with vendors, customers, employees, investors, instructors, and others.
Take the next step in your growth journey. See all my courses here!
Our Promise to You
By the end of this course, you will have mastered the basics of bookkeeping.
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 discover the essentials of bookkeeping!
Course Curriculum
| Section 1 - Course Introduction | |||
| Introduction – Course Overview | 00:00:00 | ||
| Introductions And Off – Course Resources | 00:00:00 | ||
| Downloadable Materials | 00:00:00 | ||
| Section 2 - Money And Its Relationship To Business | |||
| Before We Start – Business Vs. Personal | 00:00:00 | ||
| Why Worry About The Money? | 00:00:00 | ||
| What Kind Of Business Are You? | 00:00:00 | ||
| The Four Business Types | 00:00:00 | ||
| Section 3 - Let's Understand What We're Talking About | |||
| What And Why | 00:00:00 | ||
| Who | 00:00:00 | ||
| When And Where | 00:00:00 | ||
| Consistency Is The Key | 00:00:00 | ||
| Section 4 - The Tools | |||
| Section Intro | 00:00:00 | ||
| Transactions | 00:00:00 | ||
| The Big Equation: A = L + E | 00:00:00 | ||
| Accounts And The Chart Of Accounts | 00:00:00 | ||
| Sample Charts Of Accounts | 00:00:00 | ||
| Bookkeeping Basics: Understand the Fundamentals | Unlimited | ||
| Section 5 - Here Comes The Money - Income And Revenue | |||
| How Are You Actually Making Money? | 00:00:00 | ||
| Invoices, Receipts And Statements | 00:00:00 | ||
| If You Are Invoicing | 00:00:00 | ||
| Invoice Samples | 00:00:00 | ||
| Not All Money Coming In Is Income | 00:00:00 | ||
| Bookkeeping Basics: Understand the Fundamentals | Unlimited | ||
| Section 6 - There Goes The Money - Expenses | |||
| What Are Expenses? | 00:00:00 | ||
| What Does It Cost To Make or Acquire The Product? – COGS | 00:00:00 | ||
| Organizing The Expenses | 00:00:00 | ||
| The Stamp | 00:00:00 | ||
| Bookkeeping Basics: Understand the Fundamentals | Unlimited | ||
| Section 7 - The Other Big Three | |||
| Section Intro | 00:00:00 | ||
| It’s Just “Stuff” – Assets | 00:00:00 | ||
| Can You Break A $100 Bill? – Asset Shift | 00:00:00 | ||
| The Company Owes What? – Liabilities | 00:00:00 | ||
| But What’s Really Mine? – Equity | 00:00:00 | ||
| Bookkeeping Basics: Understand the Fundamentals | Unlimited | ||
| Section 8 - Who Owes Whom? | |||
| Put It On My Tab – Accounts Payable | 00:00:00 | ||
| You Want To Pay When? – Accounts Receivable | 00:00:00 | ||
| What If They Don’t Pay? | 00:00:00 | ||
| Section 9 - For The Record Books | |||
| How Are You Doing And How Do You Know? | 00:00:00 | ||
| Cash Reporting Versus Accrual Reporting | 00:00:00 | ||
| Am I Making Profit? – P And L Report | 00:00:00 | ||
| Where Do I Stand Right Now? – The Balance Sheet | 00:00:00 | ||
| Am I Worth Anything? – The Owner’s Equity Reports | 00:00:00 | ||
| What’s Owed To Me and By Me – The A/P and A/R Reports | 00:00:00 | ||
| Bookkeeping Basics: Understand the Fundamentals | Unlimited | ||
| Section 10 - Odds And Ends | |||
| Introduction | 00:00:00 | ||
| Mileage Tracking | 00:00:00 | ||
| Terms And Cash Discounts | 00:00:00 | ||
| Trade Discounts | 00:00:00 | ||
| Shipping And Freight | 00:00:00 | ||
| Good Record Keeping | 00:00:00 | ||
| Top 10 Mistakes Small Businesses Make | 00:00:00 | ||
| Top 6 Tips For Good Bookkeeping | 00:00:00 | ||
| Section 11 - So Now What? | |||
| Can I Get Some Help and Our Course Recap | 00:00:00 | ||
Course Review
5.0
14 RatingsRelated Courses
Are you interested in higher education?
Basics of Bookkeeping
I got more out of this class than i did a college course I took. One other thing….the blast noise as you begin and end a section is very irritating especially for someone with sensitivities. You might want to change that sound.
Thanks so much! I will continue your courses.
Holly West
Understanding The Basics Of Bookkeeping
Ron is very knowledgeable and professional. He provided a lot of information to get your organized and setup for book keeping for your business.
He explains everything in Layman's Terms and teaches how to apply each concept to your business
I’ve taken a couple of other bookkeeping courses in the past, but they weren’t great as they glossed over too many things. After seeing the reviews for Ron’s courses, I thought this would be a great place to start back again for a good overall understanding before tightening up my knowledge with courses specifically for professional bookkeeping. I like that Ron explains everything in Layman’s Terms and appreciate that he is very responsive in the group. He quickly (within 24 hours) and thoroughly helped me with the one part I got stuck on in this course. I like that there were self-test quizzes at the end of almost every section (in the downloads) and the answer key tells you exactly which lesson(s) covered each question. The quizzes showed me where I didn’t understand one or two things completely, so I went back to those lessons to catch what hadn’t sunk in for me the first time. I also like how with every lesson, there was a “Project” which gets you to think about how to apply each concept to your business, so your understanding isn’t just abstract. I’m very happy with what I learned in this Basics of Bookkeeping course and the next course (Mechanics of Bookkeeping) and am about to begin Ron’s 3rd course (QB Desktop Fundamentals) in his 4-course Basics of Bookkeeping series.
Much Needed information
This course was so helpful!! It broke down things I need to really consider when collecting information and some information I never knew I needed to keep track of and why!
CLEAR, SIMPLE, WELL EXPLAINED
I thought that bookkeeping was way more complicated and never approached the matter. Now I understand that with a little guidance is not that scary anymore!