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Master money matters! Unlock the secrets of bookkeeping: accounts, balances, & double-entry in easy-to-grasp bites. #BookkeepingBasicsUnlock the secrets of bookkeeping! This beginner course covers money in business, essential tools, income, expenses, & more. Demystify financial records & gain control of your business finances!

Course Instructor
Duration

5 hours, 51 minutes

Last updated

June 4, 2024

5
Students

80

£55.99 inc. VAT

More about the course

Welcome to Bookkeeping Basics #1: Understand the Fundamentals, where you'll embark on a journey to master the essential principles of bookkeeping. In this course, we will demystify the foundational concepts that underpin effective financial record-keeping, ensuring you gain a solid grasp of how to maintain accurate and organised financial records. You will learn about the accounting cycle, the importance of double-entry bookkeeping, and how to manage key financial statements such as the balance sheet, income statement, and cash flow statement. By the end of this course, you'll be equipped with the knowledge and skills necessary to keep precise records, understand financial health, and support the financial decision-making process in any business environment.

You will have the following skills after completing this course:

  • Understand the basics of bookkeeping helping business owners and managers feel more confident

Who will benefit from this course?

The "Bookkeeping Basics #1: Understand the Fundamentals" course is likely to benefit a range of individuals, including:
  1. Small Business Owners and Entrepreneurs: Those who manage their own business finances and want to ensure accuracy and efficiency in their bookkeeping practices. Entrepreneurs looking to gain a solid understanding of financial fundamentals to make informed business decisions.
  2. Aspiring Bookkeepers: Individuals considering a career in bookkeeping who need foundational knowledge before pursuing further education or certification. Those seeking to develop skills that can help them secure entry-level positions in accounting or finance.
  3. Current Bookkeepers: Bookkeepers wanting to refresh their knowledge or fill in any gaps in their understanding of basic bookkeeping principles. Individuals looking to advance their careers by solidifying their grasp of fundamental concepts.
  4. Employees in Finance-Related Roles: Staff in administrative, finance, or clerical positions who handle financial data and require a better understanding of bookkeeping practices. Professionals in related fields, such as payroll, accounts payable, or accounts receivable, who need to comprehend the broader bookkeeping context.
  5. Students and Graduates: Students studying accounting, finance, or business who need a strong foundation in bookkeeping basics. Recent graduates are preparing for accounting exams or seeking to strengthen their job applications.
  6. Individuals Managing Personal Finances: Anyone interested in gaining a better understanding of financial management for personal use, such as budgeting, expense tracking, and understanding financial statements.
The course is designed to provide a comprehensive introduction to bookkeeping principles, making it suitable for anyone looking to develop a clear understanding of fundamental bookkeeping concepts and practices.

Why Should You Take This Online Course?

  • Expertly Designed and Delivered by Industry Experts: Developed and delivered by RON TRUCKS -Small Business Coach and College Instructor.
  • Immediate Recognition with an Instant E-Certificate: After finishing our online course, you will receive an instant E-certificate. This certification acknowledges your dedication and successful course completion, allowing you to demonstrate your newly gained knowledge and skills to potential employers, colleagues, or clients. The E-certificate validates your accomplishments immediately, raising your professional standing.
  • Convenient Online Learning Experience: Because our course is entirely online, you may learn at your own pace and convenience. The course materials are accessible from anywhere and anytime, making it ideal for people with hectic schedules. The curriculum is delivered via captivating videos and extensive reading materials, creating a dynamic and interactive learning experience.
  • Self-paced Learning for Maximum Progress: We recognise that everyone has various learning styles and time commitments. As a result, our online course provides self-paced study. You can work through the course materials independently, allowing for a more personalised learning experience. Our course supports your individual learning preferences, whether you like to immerse yourself in the information or take it step by step.
  • Laptop, tablet, and smartphone compatibility: Our online course is device-compatible to improve accessibility. Whether you choose a laptop, tablet, or smartphone, you may easily access and interact with the course contents. This adaptability allows you to learn on the go, incorporating your studies into your everyday routine and maximising your learning possibilities.

Career prospects after completing this course:

Completing the "Bookkeeping Basics #1: Understand the Fundamentals" course can open up several career opportunities, especially for those looking to enter the accounting and finance fields or enhance their existing skills. Here are some potential career prospects:
  1. Entry-Level Bookkeeper: Handling day-to-day financial transactions, including recording income and expenses, managing accounts payable and receivable, and maintaining general ledgers.
  2. Accounting Assistant: Supporting accountants and auditors with tasks such as data entry, preparing financial statements, and reconciling accounts.
  3. Administrative Assistant: Performing bookkeeping tasks along with other administrative duties in small to medium-sized businesses.
  4. Payroll Clerk: Managing payroll processes, including calculating employee wages, processing tax withholdings, and maintaining payroll records.
  5. Accounts Payable/Receivable Clerk: Managing and processing incoming and outgoing payments, ensuring accurate and timely payment processing.
  6. Small Business Bookkeeper: Providing bookkeeping services to small businesses, which may include managing financial records, preparing reports, and offering basic financial advice.
  7. Freelance Bookkeeper: Offering bookkeeping services on a freelance basis to various clients, providing flexibility and the potential to build a diverse client base.
  8. Tax Preparation Assistant: Assisting in preparing and filing tax returns, ensuring compliance with tax regulations, and organizing financial records for tax purposes.
  9. Financial Clerk: Performing various financial administrative tasks, such as preparing invoices, processing transactions, and managing financial records.
  10. Further Education and Certification: Serving as a stepping stone towards further education and professional certifications in accounting and finance, such as becoming a Certified Bookkeeper (CB) or pursuing a Certified Public Accountant (CPA) designation.
Additional Benefits:
  • Enhanced Career Prospects: The course can make candidates more competitive in the job market by providing them with essential skills and knowledge.
  • Career Advancement: Current professionals can leverage their new skills for promotions or expanded responsibilities within their organizations.
  • Foundation for Specialisation: It provides a strong foundation for those looking to specialize in specific areas of accounting or finance in the future.
By equipping individuals with fundamental bookkeeping skills, this course can significantly enhance their employability and open doors to various roles in the financial sector.

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Course Content

    • Course Overview 00:07:00
    • Intro and Resources 00:07:00
    • Before We Start – Business vs Personal 00:05:00
    • Why Worry About The Money 00:06:00
    • What Kind of Business Are YOU? 00:10:00
    • The Four Business Types 00:01:00
    • What and Why 00:07:00
    • Who 00:08:00
    • When and Where 00:07:00
    • Consistency 00:03:00
    • Tools Section Intro 00:05:00
    • Transactions 00:06:00
    • The Big Equation… A = L + E 00:06:00
    • Accounts and the Chart of Accounts 00:05:00
    • Sample Charts of Accounts 00:01:00
    • Quiz 1 00:01:00
    • Quiz – Lesson 4 00:15:00
    • How Are You Actually Making Money? 00:07:00
    • Invoices, Receipts & Statements… Oh, My! 00:06:00
    • If You ARE Invoicing… 00:06:00
    • Invoice Samples 00:01:00
    • Not All Money Coming In Is Income… 00:03:00
    • Quiz 2 00:01:00
    • Quiz- Lesson 5 00:20:00
    • What Are Expenses? 00:07:00
    • What Does It Cost To Make (or Acquire) The Product? – COGS 00:07:00
    • Organizing the Expenses 00:03:00
    • The Stamp 00:01:00
    • Quiz 3 00:01:00
    • Quiz- Lesson 6 00:15:00
    • Section Intro 00:02:00
    • It’s Just “Stuff” – Assets 00:08:00
    • Can You Break A $100 Bill? – Asset Shift 00:04:00
    • The Company Owes WHAT? – Liabilities 00:05:00
    • But What’s Really MINE? – Equity 00:08:00
    • Quiz 4 00:01:00
    • Quiz- Lesson 7 00:15:00
    • Put It On My Tab – Accounts Payable 00:08:00
    • You Want To Pay When? – Accounts Receivable 00:09:00
    • What If They Don’t Pay? 00:13:00
    • How Are You Doing and How Do You Know 00:06:00
    • Cash Reporting versus Accrual Reporting 00:07:00
    • Am I Making Any Money? – P&L Report 00:04:00
    • Where Do I Stand Right Now? – The Balance Sheet 00:05:00
    • Am I Worth Anything? – The Owner’s Equity Reports 00:05:00
    • What’s Owed To Me and By Me – The A/P and A/R Reports 00:08:00
    • Quiz 5 00:01:00
    • Quiz- Lesson 8 00:15:00
    • Section Intro 00:02:00
    • Mileage Tracking 00:03:00
    • Terms / Cash Discounts 00:06:00
    • Trade Discounts 00:04:00
    • Shipping & Freight 00:03:00
    • Good Record Keeping 00:08:00
    • Top 10 Mistakes Small Businesses Make 00:08:00
    • Top 6 Tips For Good Bookkeeping 00:05:00
    • Can I Get Some Help? and Our Course Recap 00:08:00
    • What Comes Next? 00:02:00
    • Get Your Certificate & Transcript 00:00:00

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