Bookkeeping Basics Explained (Bookkeeping & Accounting)

BY
Udemy

Lavel

Beginner

Mode

Online

Fees

₹ 4699

Quick Facts

particular details
Medium of instructions English
Mode of learning Self study
Mode of Delivery Video and Text Based

Course and certificate fees

Fees information
₹ 4,699
certificate availability

Yes

certificate providing authority

Udemy

The syllabus

Introduction

  • [EBOOK] Bookkeeping & Accounting Basics
  • Describe your motivation for taking this course
  • How to make the most of this course (subtitles, speed up videos)

Basic Bookkeeping Skills

  • 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?

Bookkeeping Terms & Practice Exercises

  • Basic bookkeeping vocabulary (Part 1)
  • Basic bookkeeping vocabulary (Part 2)
  • Basic bookkeeping vocabulary quiz
  • Debits and credits Practice & exercise
  • Bookkeeping practice exercises

More Bookkeeping Basic Skills

  • 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

Using Bookkeeping or Accounting Software

  • Bookkeeping or Accounting Software
  • QuickBooks Online Review
  • Setting up a bookkeeping or accounting software
  • My accountant asked for a Trial Balance. What's that?

Examples of everyday bookkeeping: Computer Store

  • 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

Comprehensive Bookkeeping Example: Amazing Bookkeepers Inc.

  • 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?

More Bookkeeping Basic 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)

Additional Resources

  • Bonus lecture: additional resources to learn bookkeeping

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