Basic Bookkeeping Course

Numbers! Numbers! Numbers! Wherever you go, you are bound to see them. On addresses, license plates, phones, prices, and of course, money! Numbers connect us all in many more ways than we might imagine. Essentially, our world revolves around numbers.

Some of us enjoy dealing with numbers while others may have a fear of them or even a phobia. For those of you who have already recognized and appreciate the impact that numbers have on just about everything, you deserve a cookie. Welcome to Basic Bookkeeping!

Course curriculum

  • 1

    Module 1: Getting Started

    • Course Objectives
  • 2

    Module 2: Basic Terminology (I)

    • Balance Sheet

    • Assets

    • Liabilities

    • Equity

    • Income Statement

    • Revenue

    • Cost of Goods Sold

    • Expenses

    • Accounting Period

    • Review
  • 3

    Module 3: Basic Terminology (II)

    • Accounts Receivable

    • Accounts Payable

    • Depreciation

    • General Ledger

    • Interest

    • Inventory

    • Journals

    • Payroll

    • Trial Balance

    • Review
  • 4

    Module 4: Accounting Methods

    • Cash Method

    • Accrual Method

    • Differences between Cash and Accrual

    • Module 4: Review Questions
  • 5

    Module 5: Keeping Track of Your Business

    • Accounts Payable

    • Accounts Receivable

    • The Journal

    • The General Ledger

    • Cash Management

    • Module 5: Review Questions
  • 6

    Module 6: Understanding the Balance Sheet

    • The Accounting Equation

    • Double-Entry Accounting

    • Types of Assets

    • Types of Liabilities

    • Equity

    • Module 6: Review Questions
  • 7

    Module 7: Other Financial Statements

    • Income Statement

    • Cash Flow Statement

    • Capital Statement

    • Budget vs. Actual

    • Module 7: Review Questions
  • 8

    Module 8: Payroll Accounting / Terminology

    • Gross Wages

    • Net Wages

    • Employee Tax Withholdings

    • Employer Tax Expenses

    • Salary Deferrals

    • Employee Payroll

    • Employee Benefits

    • Tracking Accrued Leave

    • Government Payroll Returns/ Reports

    • Review
  • 9

    Module 9: End of Period Procedures

    • Depreciating Your Assets

    • Reconciling Cash

    • Reconciling Investments

    • Working with the Trial Balance

    • Bad Debt

    • Posting Adjustments and Corrections

    • Module 9: Review Questions
  • 10

    Module 10: Financial Planning, Budgeting and Control

    • Reasons for Budgeting

    • Creating a Budget

    • Comparing Budget to Actual Expenses

    • Module 10: Review Questions
  • 11

    Module 11: Auditing

    • What is an Audit?

    • When and Why Would You Audit?

    • Internal

    • External

    • Module 11: Review Questions
  • 12

    Wrapping Up

    • Action Plans and Evaluations