Basic Bookkeeping 

Write your awesome label here.
Course Description

Strong financial management starts with a solid foundation in bookkeeping. Our Basic Bookkeeping course is designed to equip you and your team with the essential skills and knowledge to manage financial records with accuracy and confidence. Whether you're a small business owner, part of an administrative team, or an aspiring finance professional, this course simplifies complex concepts and empowers participants to make informed financial decisions.

With interactive modules, real-world scenarios, and expert guidance, you will gain practical expertise in tracking transactions, preparing financial statements, and maintaining organized records. By mastering these fundamentals, your team will contribute to improved financial transparency, compliance, and efficiency across your organization.

13+

Hours

79

Lectures

$40

Price

WHAT TO EXPECT

Learning Objectives

  • Understand basic accounting terminology.
  • Identify the differences between the cash and accrual accounting methods.
  • Keep track of your business by becoming familiar with accounts payable and accounts receivable.
  • Use a journal and general ledger to document business financials.
  • Utilize the balance sheet.
  • Identify different types of financial statements.
  • Uncover the reasons for, and actually create a budget.

Course Outline

Module One: Basic Terminology (I)

  • Balance Sheet
  • Assets
  • Liabilities
  • Equity
  • Income Statement
  • Revenue
  • Cost of Goods Sold
  • Expenses
  • Accounting Period
  • Review

Module Two: Basic Terminology (II)

  • Accounts Receivable
  • Accounts Payable
  • Depreciation
  • General Ledger
  • Interest
  • Inventory
  • Journals
  • Payroll
  • Trial Balance
  • Review

Module Three: Accounting Methods

  • Cash Method
  • Accrual Method
  • Differences between Cash and Accrual
  • Module Three: Review Questions

Module Four: Keeping Track of Your Business

  • Accounts Payable
  • Accounts Receivable
  • The Journal
  • The General Ledger
  • Cash Management
  • Module Four: Review Questions

Module Five: Understanding the Balance Sheet

  • The Accounting Equation
  • Double-Entry Accounting
  • Types of Assets
  • Types of Liabilities
  • Equity
  • Module Five: Review Questions

Module Six: Other Financial Statements

  • Income Statement
  • Cash Flow Statement
  • Capital Statement
  • Budget vs. Actual
  • Module Six: Review Questions

Module Seven: Payroll Accounting / Terminology

  • Gross Wages
  • Net Wages
  • Employee Tax With holdings
  • Employer Tax Expenses
  • Salary Deferrals
  • Employee Payroll
  • Employee Benefits
  • Tracking Accrued Leave
  • Government Payroll Returns/Reports
  • Review

Module Eight: End of Period Procedures

  • Depreciating Your Assets
  • Reconciling Cash
  • Reconciling Investments
  • Working with the Trial Balance
  • Bad Debt
  • Posting Adjustments and Corrections
  • Module Eight: Review Questions

Module Nine: Financial Planning, Budgeting and Control

  • Reasons for Budgeting
  • Creating a Budget
  • Comparing Budget to Actual Expenses
  • Module Nine: Review Questions

Module Ten: Auditing

  • What is an Audit?
  • When and Why Would You Audit?
  • Internal
  • External
  • Module Ten: Review Questions

Assessment