Bookkeeping

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 to each other 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 actually have on just about everything, you deserve a cookie. Welcome to Basic Bookkeeping!

Module 2: Basic Terminology (I)

  • Balance Sheet

  • Assets

  • Liabilities

  • Equity

  • Income Statement

  • Revenue

  • Cost of Goods Sold

  • Expenses

  • Accounting Period

  • Review

 

Module 2: Basic Terminology (II)

  • Accounts Receivable

  • Accounts Payable

  • Depreciation

  • General Ledger

  • Interest

  • Inventory

  • Journals

  • Payroll

  • Trial Balance

  • Review

 

Module 3: Accounting Methods

  • Cash Method

  • Accrual Method

  • Differences between Cash and Accrual

  • Module Four: Review Questions

 

Module 4: Keeping Track of Your Business

  • Accounts Payable

  • Accounts Receivable

  • The Journal

  • The General Ledger

  • Cash Management

  • Review Questions

 

Module 5: Understanding the Balance Sheet

  • The Accounting Equation

  • Double-Entry Accounting

  • Types of Assets

  • Types of Liabilities

  • Equity

  • Review Questions

Module 5: Other Financial Statements

  • Income Statement

  • Cash Flow Statement

  • Capital Statement

  • Budget vs. Actual

  • Review Questions

 

Module 7: Payroll Accounting / Terminology

  • Gross Wages

  • Net Wages

  • Employee Tax Withholding"s

  • Employer Tax Expenses

  • Salary Deferrals

  • Employee Payroll

  • Employee Benefits

  • Tracking Accrued Leave

  • Government Payroll Returns/Reports

  • Review

 

Module 8: End of Period Procedures

  • Depreciating Your Assets

  • Reconciling Cash

  • Reconciling Investments

  • Working with the Trial Balance

  • Bad Debt

  • Posting Adjustments and Corrections

  • Review Questions

 

Module 9 Financial Planning, Budgeting and Control

  • Reasons for Budgeting

  • Creating a Budget

  • Comparing Budget to Actual Expenses

  • Review Questions

 

Module 10: Auditing

  • What is an Audit?

  • When and Why Would You Audit?

  • Internal

  • External

  • Review Questions

 

Module 11: Wrapping Up

  • Words from the Wise

  • Parking Lot

  • Action Plans and Evaluations

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