Need Help? Call us at (281) 541-2807 Visit our Facebook Page Follow us on Twitter Subscribe to our RSS Feeds

Basic Bookkeeping

presented by Academy of Business Training
View the Academy of Business Training Profile and Course Listings

Summary

The Basic Bookkeeping Class and some practice will provide you with the skills necessary to do the books for a small company.

Workshop Description/Agenda

  • Learn industry recommended bookkeeping procedures and best practices.
  • Learn from a professional with 30+ years business experience.

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.

Bookkeeping is the recording of financial transactions. Transactions include sales, purchases, income, receipts, and payments by an individual or organization. Bookkeeping is usually performed by a bookkeeper. Many individuals mistakenly consider bookkeeping and accounting to be the same thing. This confusion is understandable because the accounting process includes the bookkeeping function, but bookkeeping is just one part of the accounting process. Most small business owners do their own bookkeeping reducing the charges they incur from their accountant.  The accountant creates reports from the recorded financial transactions provided by the bookkeeper and files forms with government agencies. 

Have lots of sharp pencils on hand and be prepared to do some serious bookkeeping because we will be doing a month's worth of books for our imaginary company. The Basic Bookkeeping Class and some practice will provide you with the skills necessary to do the books for a small company. 

Class Outline

Introduction

Module One: Basic Terminology

Module Two: Accounting Methods
Cash Method
Accrual Method

Module Three: Keeping Track of the

     Business
Accounts Payable
Accounts Receivable
The Journal
The General Ledger
Cash Management

Module Four: Understanding the

     Balance Sheet
The Accounting Equation
Double-Entry Accounting
Types of Assets
Types of Liabilities
Equity

Module Five: Other Financial

     Statements
Income or Profit and Loss Statement
Cash Flow Statement
Owners' Equity
Capital Statement
Budget vs. Actual

Module Six: Payroll Accounting and

     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

Module Seven: End of Period

     Procedures
Depreciating Your Assets
Reconciling Cash
Reconciling Investments
Working with the Trial Balance
Bad Debt
Posting Adjustments and Corrections

Wrapping Up

Each Student Receives:

  • A student manual or textbook for use during and after the class.
  • Instruction from an experienced business professional (minimum of 30 years) with at least five years in a corporate senior management position (CEO, President, COO, Vice President, CFO).
  • Real life exercises to support training materials.
  • Individual attention (classes are limited to four students).
  • Personalized Certificate of Completion

Who Should Attend

Accounting Beginners

Additional Information

Training Provider: Academy of Business Training

Course Topics: Accounting Training > Accounting Miscellaneous

Training Course Summary: The Basic Bookkeeping Class and some practice will provide you with the skills necessary to do the books for a small company.


Find Similar Training Find Similar Training
Email This Training's Information Email This Page

Live Webinar Dates