Basic Bookkeeping Training

Course Overview

At the beginning, we have a chance to introduce ourselves and to talk about your individual learning goals. Let’s go on a discovery together to explore what the workshop has for us!

Topics covered in this course

The Basic Terminology

This type of balance flush can be used to determine assets vs liabilities or equity.Example: BSN https://wnb.sendproblog.com/YesBar YesThis tutorial does a great job of instructing the user on how to read an income statement.It covers revenues, cost of goods sold, expenses, accounts receivable, accounts payable, depreciation, general ledger, interest, inventory and journals.However, it is more difficult to compile payroll information.

Understanding the Terminology

Get to know Balance Sheet, Assets and Liabilities Equity, Income Statement, Revenue Cost of Goods Sold, Expenses, Accounts Receivable Accounts Payable, Depreciation, General Ledger, Interest, Inventory, Journals and Payroll.

Accounting Methods

Understand the differences between cash accounting and accrual accounting. Learning the intricacies of the accounting methods are important to helping businesses of all sizes make wise decisions.

Keeping Track of Your Business

This seminar will introduce you to the foundations of operations. It will go over the accounting processes for receivables, journal entries and general ledgers to keep the books of your business in order; it will also teach you how to manage your cash flow to maximise your performance.

Understanding the Balance Sheet

In this session you will learn about the key elements of accounting that kickstart it. We will cover double entry bookkeeping. Understand the classification of assets.liabilities, and equity, for a successful financial portfolio.

End of Period Procedures

Now we begin the next phase of training, by looking at statements that can be particularly revealing, about cash flow from income and holdings of capital.

Thereafter we’ll move on to closing accounts, which are transactions at the end of each period, learning to reconcile cash and assets along the way. Through our work with trial balances, we will then understand key accounting principles that may be the difference maker in establishing our financial success.

Financial Planning, Budgeting and Control

This session will help us discover why budgeting is a matter and how to create a budget while comparing it on the real expenses.

Auditing

Another key area will be on auditing and we look at what is auditing? why are we auditing? when is it time to do an audit? and the benefits of an audit.

Course Wrap-Up

Only at the end of the term of instruction will it be possible to talk to the resource.

Host or Publisher Paramount Training & Development