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Bookkeeping Basics Explained (Bookkeeping & Accounting) by Udemy
Bookkeeping and accounting explained. Bookkeeping and accounting basics is easy. Simple Bookkeeping and accounting.
Course Highlights
- You get an eBook called "Bookkeeping & Accounting Basics"
- Subtitles/captions available in English, French, German, Hindi, Simplified Chinese, and Spanish
- Debits and credits
- Prepare bank reconciliation
- Prepare balance sheet
- Prepare income statement
- Prepare trial balance
- Record daily bookkeeping journal entries
- Month-end accrual journal entries
- Use QuickBooks Online to record transactions
Skills you will learn!
Curriculum
4 Topics
Introduction
[EBOOK] Bookkeeping & Accounting Basics
Describe your motivation for taking this course
How to make the most of this course (subtitles speed up videos)
5 Topics
Debit or credit (Part 1)? Assets liabilities revenues and expenses
Debit or credit (Part 2)? Assets liabilities revenues and expenses
How much money do I REALLY have in the bank (Part 1)? Bank reconciliation
How much money do I REALLY have in the bank (Part 2)? Bank reconciliation
Why should you do a bank reconciliation?
5 Topics
Basic bookkeeping vocabulary (Part 1)
Basic bookkeeping vocabulary (Part 2)
Basic bookkeeping vocabulary quiz
Debits and credits practice & exercises
Bookkeeping practice exercises
19 Topics
How much money am I making? Balance Sheet and Income Statement (Part 1)
How much money am I making? Balance Sheet and Income Statement (Part 2)
Don't forget to accrue! Month-end and year-end accruals
Making monthly accruals is an example of which method of accounting?
Getting money from the bank (Part 1): mortgage / loan amortization
Getting money from the bank (Part 2): mortgage / loan amortization
Making mortgage payments
I bought a computer. How do I record it? Amortization of capital assets
Term deposits & buying stocks: Investments and investment income income
Why do we amortize capital assets?
Making money by investing: return on capital and adjusting to fair market value
I want money for my investment: Dividends to shareholders
Dividends to shareholders quiz
Customers not paying me: determining bad debts (Part 1)
Customers not paying me: determining bad debts (Part 2)
This customer won't pay: writing off bad debts
Bad debts quiz
What do you like about this course?
Bookkeeping practice exercises #2
4 Topics
Bookkeeping & accounting software
QuickBooks Online overview
Setting up a bookkeeping or accounting software
My accountant asked for a Trial Balance. What's that?
22 Topics
Introduction: Bookkeeping for starting a business
QuickBooks: issuing shares to shareholder
Selling to your customers: purchasing inventory
QuickBooks: purchase of inventory
Making sales to customers
QuickBooks: sales to customers
Getting more customers: Advertising your business
QuickBooks: recording advertising expense
Business is booming! Balance sheet and income statement updates
QuickBooks: sale to customer and partial payment from customer
Paying down debts: paying down accounts payable
QuickBooks: payment on accounts payable
Sales of inventory: decreasing inventory and recording Cost of Goods Sold
QuickBooks: recording cost of goods sold (COGS)
Getting paid in cash: collecting accounts receivable
QuickBooks: receiving payment on accounts receivable
Investing more cash into the company: shareholder loan
QuickBooks: recording shareholder loan
Purchase of a building: capital assets
QuickBooks: purchase of a building
Which lessons were most useful to you?
Test your knowledge of bookkeeping
5 Topics
Comprehensive example (journal entries)
Comprehensive example (trial balance preparation)
Comprehensive example (balance sheet & income statement preparation)
Comprehensive example (bank reconciliation)
Which lesson(s) was the most interesting?
9 Topics
Start a bookkeeping business or freelancing
Start a bookkeeping business or freelancing quiz
Common bookkeeping mistakes
Keep business finances and personal finances separate
Types of business structures (sole proprietorship vs corporation)
Sole proprietor and partnership
Corporation and Limited Liability Company (LLC)
Accrual vs cash accounting methods
Bookkeeping & accounting records (supporting documentation)
1 Topic
Bonus lecture: additional resources to learn bookkeeping
Bookkeeping Basics Explained (Bookkeeping & Accounting)
Related Bookkeeping Courses
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