Basic Bookkeeping
Basic Bookkeeping
Numbers! Numbers! Numbers! You will see them wherever you go. On addresses, license plates, telephone numbers, pricing, and, of course, money! Numbers link us all in more ways than we can comprehend. Our world revolves mostly on numbers.
Some of us like working with numbers, while others may fear them or even have a phobia. You deserve a cookie if you've already realized and appreciated the influence that numbers have on pretty much everything. Welcome to the Basics of Bookkeeping!
Module 1
- 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
- Knowledge Check
Module 4
- Keeping Track of Your Business
- Accounts Payable
- Accounts Receivable
- The Journal
- The General Ledger
- Cash Management
- Knowledge Check
Module 5
- Understanding the Balance Sheet
- The Accounting Equation
- Double-Entry Accounting
- Types of Assets
- Types of Liabilities
- Equity
- Knowledge Check
Module 6
- Other Financial Statements
- Income Statement
- Cash Flow Statement
- Capital Statement
- Budget Vs. Actual
- Knowledge Check
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
- Knowledge Check
Module 9
- Financial Planning, Budgeting and Control
- Reasons for Budgeting
- Creating a Budget
- Comparing Budget to Actual Expenses
- Knowledge Check
Module 10
- Auditing
- What is an Audit?
- When and Why Would You Audit?
- Internal
- External
- Knowledge Check
Assessment- Post-Test