Bookkeeping Basics #1: Understand the Fundamentals
What you may study
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Understand the fundamentals of bookkeeping serving to enterprise house owners and managers really feel extra assured
As a enterprise proprietor, entrepreneur, worker or scholar chances are you’ll be nice in your area however that does not imply you are sturdy in each space of operating a enterprise…
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An important chef could also be unimaginable in the kitchen…
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An award-winning physique builder may help the most off form individual…
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A proficient internet designer or graphic artist might create unbelievable designs…
But when it is time to steadiness the checkbook or speak to the CPA at tax time, it feels prefer it’s a very totally different language you have by no means realized!
Using easy, easy-to-understand dialogue, illustrations and word sheets, this 4.5 hour course with over 50 video classes teaches you the primary constructing blocks of how cash is tracked and what which means to your enterprise or venture.
Everyday examples utilizing widespread phrases and phrases you already know permits the teacher to show that “other language” and so that you can really feel extra assured in working with distributors, clients, staff, traders, instructors and extra!
After finishing the course, college students will really feel extra assured and educated on subjects corresponding to…
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What is Income and the way do you observe it?
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Which forms of Expenses will be claimed by your enterprise
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The distinction between Assets, Liabilities and Equity
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The Five W’s of Bookkeeping
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Transactions, The Fundamental Financial Equation and Charts of Accounts
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Accounts Receivables and Accounts Payables
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Reading Financial Reports
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Business Odds and Ends corresponding to Mileage Tracking, Credit Terms, Shipping and Freight, Trade Discounts
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The Top 10 Mistakes Small Businesses Make
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The Top 6 Tips for Good Bookkeeping
CPE (Continuing Professional Education)
CPE Learning Objectives
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Recognize the distinction and the significance of monitoring private funds individually from enterprise funds.
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Identify the major 4 forms of enterprise constructions in the United States.
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Define “transaction” as it’s utilized by non-accounting professionals in the small enterprise world.
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Differentiate between income and different forms of funds acquired by a enterprise.
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Explain the distinction between Cost of Goods Sold (COGS) and different forms of small enterprise bills (overhead).
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Explain the variations between Assets, Liabilities, and Equity.
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Identify the distinction between Accounts Receivable and Accounts Payable.
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State the totally different info included in Income Statements, Balance Sheets, and A/P & A/R Aging studies.
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List widespread errors small enterprise make in bookkeeping actions.
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Who this course is for:
- This course is designed for each new and established small enterprise house owners and managers who could also be sturdy in their very own fields however need a greater understanding of the primary ideas of monitoring their firm funds in addition to college students starting the journey of studying bookkeeping.
- A stronger grasp of those fundamentals ideas helps each space of enterprise from speaking with their CPA’s/tax advisors to creating higher selections for the firm and staff; to college students studying to speak with their instructors.
10 reviews for Bookkeeping Basics #1: Understand the Fundamentals
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Original price was: $89.99.$24.99Current price is: $24.99.
Michael Blatherwick –
Very basic. If you have general accounting knowledge, this is a good refresher but otherwise you can skip ahead to a deep dive for Quickbooks
Mary Grace Bambico –
Thank you Ron, I’ve learned a lot from this. Now I understand how important bookkeeping in running a business. And your way of explaining every lesson is very clear. This will be a big help for a person like me that is planning to put my own business. See you on the next one.
Robert Simmons –
It breaks the concepts down into manageable chunks and allows one to go back to specific concepts for review or clarification.
Joan N –
I appreciate the initial “big picture” overview given so I know where we are going and understand the context within which we will be working. I appreciate the pace of the instructor and his clear explanations and ability to present information from multiple angles. I appreciate the medium and resources: I have a video I can rewind, fast forward, replay at will. I have PDF files I can save and reference later. I have quizzes to help make sure I’m getting the info I need…
Casie –
Thank you for this course. I felt that it was another way to better explain the bookkeeping process. I thought that it was easy to understand and well paced. I’m looking forward to the other 2 courses to go along with this.
James Frierson –
I used this course for refreshing my knowledge and gained even more in the process. I like how he breaks everything down into the simplest of terms while giving good insight on the industry and how you will learn more through experience.
Amber McKnight –
Excellent course! It was extremely helpful and had real examples to relate to what was being taught.
Ashley Sims –
Thank you! The course was great for understanding the basic fundamentals of Bookkeeping.
Filip –
Just one comment – student support documents are white letters on black background. I haven’t print them because it would take all my ink in printer.
Otherwise the course itself was very helpful. Thx
Tara Wright –
My mother owns a business. I have been offered the opportunity to be her bookkeeper! She told me of Udemy and I signed right up! So far so good!