Bookkeeping Basics #1: Understand the Fundamentals

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…

• An important chef could also be unimaginable in the kitchen…

• An award-winning physique builder may help the most off form individual…

• 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…

• What is Income and the way do you observe it?

• Which forms of Expenses will be claimed by your enterprise

• The distinction between Assets, Liabilities and Equity

• 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 corresponding to Mileage Tracking, Credit Terms, Shipping and Freight, Trade Discounts

• The Top 10 Mistakes Small Businesses Make

• The Top 6 Tips for Good Bookkeeping

CPE (Continuing Professional Education)

CPE Learning Objectives

1. Recognize the distinction and the significance of monitoring private funds individually from enterprise funds.

2. Identify the major 4 forms of enterprise constructions in the United States.

3. Define “transaction” as it’s utilized by non-accounting professionals in the small enterprise world.

4. Differentiate between income and different forms of funds acquired by a enterprise.

5. Explain the distinction between Cost of Goods Sold (COGS) and different forms of small enterprise bills (overhead).

6. Explain the variations between Assets, Liabilities, and Equity.

7. Identify the distinction between Accounts Receivable and Accounts Payable.

8. State the totally different info included in Income Statements, Balance Sheets, and A/P & A/R Aging studies.

9. 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.