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
There are no upcoming events at this time.
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