Understanding The Basics Of Bookkeeping

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Beginner

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

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

Section 1 - Course Introduction

Introduction – Course Overview

Introductions And Off – Course Resources

Downloadable Materials

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

Who

When And Where

Consistency Is The Key

Section 4 - The Tools

Section Intro

Transactions

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

Invoice Samples

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

The Stamp

Section 7 - The Other Big Three

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

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

Introduction

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

Section 11 - So Now What?

Can I Get Some Help and Our Course Recap

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About The Instructor

Ron

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