Small Business Start-up

Price:  $220.00

To purchase this course, please complete the form below with your details and we will contact you very soon regarding payment and logins.

Understanding the Essentials of Bookkeeping

Learn the basics of bookkeeping.

What do you need to do to start managing your business accounts? This course will help you start out and get a good basic understanding.
Bookkeeping involves the collection, preparation and recording of financial data so that informed decisions can be made, implemented, and evaluated.

The purpose of a business is to make a profit ultimately, bookkeeping helps businesses keep track of their money to make informed decisions in order to make a profit.

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The Lessons

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This course covers the following lessons: 

LESSON 1 SCOPE AND NATURE OF BOOKKEEPING

• Introduction
• What is bookkeeping?
• Why is record keeping important in bookkeeping?
• What are the books?
• Terminology and the bookkeeper's world
• Financial information
• Hints and tips for making bookkeeping stress free from day one
• Case study: Sally's hairdressing studio
• Review what you have been learning

LESSON 2 ACCOUNTING NORMS

• Accounting conventions and doctrines
• Accounting standards
• Case study: Nigel's freelancing business
• Review what you have been learning

LESSON 3 THE BOOKKEEPING PROCESS

• Understanding the flow of information in bookkeeping
• How and when do you record transactions?
• Case study: Carlo's chiropractic
• Review what you have been learning

LESSON 4 DOUBLE ENTRY BOOKKEEPING

• Ledgers
• Case study: Joe's gardening services
• Review what you have been learning

LESSON 5 CHART OF ACCOUNTS;  BALANCE AND INCOME STATEMENTS

• About the chart of accounts
• Case study: Rob the builder
• Review what you have been learning

LESSON 6 LEDGER ACCOUNTS -PROFIT AND LOSS STATEMENTS

• Ledger accounts and double entry bookkeeping
• Footing ledger accounts
• The trial balance
• Accounting for drawings
• Case study: Jimmy loses everything
• Review what you have been learning

LESSON 7 CASH RECEIPTS; PAYMENTS JOURNALS

• Journals
• Case study
• Review what you have been learning

LESSON 8 WHAT COMES NEXT?

• Review what you have been learning
• Final assessment

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How does this course work? 
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• You can enrol at any time
  
• Once you have paid for the course, you will be able to start straight away.
  
• Study when and where you like. Work through at your own pace.
  
• You can download your study-guide to your smart phone, tablet or laptop to read offline.

​There are automated self-assessment tests you can complete at the end of each lesson. You can attempt these as many times as you wish and
each time, upon completion, you can see your results. You will need internet access to complete the self assessment tests.

At the end of the course, you are presented with a large assessment which can be attempted online, anywhere, anytime. If you achieve a 60%
pass in the exam; you immediately receive a downloadable certificate of completion with your name on it.

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