How do you keep track of the day-to-day financial transactions of a business? Whether you are looking to advance in your career, or you’re an entrepreneur, (or maybe you are a part of a family business), this course will help you if you are looking to understand the numbers.
The Basics of Bookkeeping course will help you understand, and know how to record, every penny that comes into your business and every penny that goes out of your business. This course shows you how to create a chart of accounts that meet your needs. All of the money you spend, and all of the money you earn, have a place to go. How do your record them? What are debits and credits? What do the numbers mean? How do I label accounts? Even if you outsource your bookkeeping needs, you should still have a basic understand of what happens with the money earned and the money spent. No one should be blind to his or her finances!
In this course you will learn where the numbers go, and why! You will learn the bookkeeping terminology as well as what it means to keep track of the numbers. At the end of the cycle, what do the numbers mean? The Basics of Bookkeeping will show you how to keep track of the numbers and why!
CEUs: 1.6
Length (in hours): 16
Price in USD $195
Price in CAD $265
One Month Course
Agenda
Unit 1
The Accounting Equation and Chart of Accounts
-
The accounting equation
-
The chart of accounts for a business
-
Temporary accounts (Revenue and Expenses)
-
Where the accounts fall under the accounting equation
Unit 2
Journals and the General Ledger
-
Special Journals
-
General Journal
-
The General Ledger Accounts
Unit 3
Recording Transactions
-
The Rules
-
Debits and Credits
-
T-Accounts
-
Using journals to record transactions
Unit 4
Month End Closing
-
Adjusting Entries
-
Posting to the General Ledger
-
End of month account balances