Learn the basics of bookkeeping and see how everything adds up
Course Introduction
Will a basic bookkeeping course help me? Numbers! Numbers! Numbers! Wherever you go, you are certain to see them. On addresses, license plates, phones, prices, money! Numbers connect all of us to each other in many more ways than we can imagine.. Basically, our world centres around numbers. A number of us appreciate working with numbers while others may be anxious over numbers or even have a phobia about them. For those who have already recognised and appreciate the influence numbers have on almost everything, you deserve a cookie. Welcome to our Basic Bookkeeping Course!
Course Outline
Key outcomes of this course include:
Component 1: Starting Out
- Program objectives
- Housekeeping matters and administration
- The parking area
- Activities to break the ice
Component 2: Basic Terminology (I)
- Balance Sheet
- Equity
- Income Statement
- Assessment
- Assets
- Accounting Period
- Revenue
- Cost of Goods Sold
- Expenses
- Liabilities
Component 3: Basic Terminology (II)
- Accounts Receivable
- Interest
- Inventory
- Payroll
- Journals
- Accounts Payable
- Assessment
- Depreciation
- General Ledger
- Trial Balance
Component 4: Accounting Methods
- Accrual Method
- Cash Method
- Differences between Cash as well as Accrual
- Component 4: Assessment Queries
Component 5: Keeping Track of Your Business
- Component 5: Assessment Queries
- Accounts Payable
- The General Ledger
- Cash Management
- The Journal
- Accounts Receivable
Component 6: Comprehending the Balance Sheet
- The Accounting Equation
- Kinds of Assets
- Kinds of Liabilities
- Equity
- Double-Entry Accounting
- Component 6: Assessment Queries
Component 7: Other Financial Statements
- Budget vs. Actual
- Capital Statement
- Income Statement
- Cash Flow Statement
- Component 7: Assessment Queries
Component 8: Payroll Accounting / Terminology
- Gross Wages
- Employer Tax Expenses
- Net Wages
- Salary Deferrals
- Worker Tax Withholding’s
- Worker Payroll
- Assessment
- Government Payroll Returns/Reports
- Tracking Accrued Leave
- Worker Benefits
Component 9: End of Period Procedures
- Asset Depreciation
- Cash Reconciliation
- Bad Debt
- Trial Balance Workings
- Component 9: Assessment Queries
- Posting Adjustments as well as Corrections
- Reconciling Investments
Course duration
1 day
Who should attend
This course is suitable for those individuals who wish to obtain a basic knowledge of bookkeeping.
Upcoming Public Courses
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