Basic Bookkeeping

Categories: Business Management
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About Course

Bookkeeping is more than just crunching numbers—it’s the financial language that keeps businesses organized, compliant, and growing. Basic Bookkeeping equips you with the foundational skills to understand, record, and manage financial data confidently, creating a strong base for informed decision-making and sustainable success.

In today’s business world, accurate bookkeeping builds trust, supports strategic planning, and ensures financial clarity. Without it, businesses face errors, compliance issues, and cash flow problems. With it, organizations operate with structure, insight, and confidence.

This course breaks down essential bookkeeping practices into twelve clear, practical modules, guiding you step by step through terminology, methods, records, statements, payroll, and more. Each lesson includes a manual, practical worksheets, and exercises to help you apply concepts directly to real-world scenarios.

✅ What you will learn:

  • Master fundamental accounting terminology and concepts.

  • Differentiate between cash and accrual methods of accounting.

  • Accurately track financial transactions using journals and ledgers.

  • Read and prepare balance sheets and other key financial statements.

  • Understand payroll, end-of-period procedures, budgeting, and auditing processes.

🎯 Who is this course for?

  • Aspiring professionals seeking a strong foundation in bookkeeping.

  • Administrative staff and office managers managing financial records.

  • Entrepreneurs and small business owners who want clarity over their finances.

  • Anyone transitioning into accounting or finance roles who wants structured, beginner-friendly training.

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What Will You Learn?

  • Understand and use key bookkeeping and accounting terminology.
  • Differentiate between cash and accrual accounting methods.
  • Record and track accounts payable, accounts receivable, journals, and ledgers.
  • Prepare and interpret balance sheets, income statements, cash flow statements, and budgets.
  • Apply end-of-period procedures and understand auditing basics.
  • Build practical bookkeeping systems that support real-world business operations.

Course Content

Module 1: Getting Started
This module welcomes learners to the world of bookkeeping by exploring the essential role of numbers in everyday business operations. It sets clear learning objectives and prepares students to develop fundamental bookkeeping skills with confidence.

  • Manual – Module 1
  • Audio – Module 1
  • Slides – Module 1
  • Pre-Assignment
  • Pre Course Test

Module 2: Basic Terminology (I)
Learners are introduced to key accounting terms such as assets, liabilities, equity, income statements, expenses, and balance sheets—building a solid vocabulary foundation for understanding financial documents.

Module 3: Basic Terminology (II)
This module expands on essential concepts by covering accounts receivable, accounts payable, depreciation, general ledgers, journals, payroll, inventory, and trial balances, ensuring learners can identify and use core bookkeeping tools accurately.

Module 4: Accounting Methods
Learners explore cash and accrual accounting methods, their differences, and practical applications—equipping them to select and use the method that best fits their business context.

Module 5: Keeping Track of Your Business
This module covers how to maintain accurate accounts payable and receivable, use journals and general ledgers, and manage cash effectively to ensure financial stability and operational clarity.

Module 6: Understanding the Balance Sheet
Students learn the structure and purpose of a balance sheet, the accounting equation, and the different types of assets, liabilities, and equity, enabling them to assess financial health at a glance.

Module 7: Other Financial Statements
This module introduces the income statement, cash flow statement, capital statement, and budget vs. actual analysis, showing how each provides insights into business performance and financial planning.

Module 8: Payroll Accounting / Terminology
Learners explore key payroll concepts including gross vs. net wages, tax withholdings, employer tax expenses, salary deferrals, employee benefits, and government reporting, ensuring accurate payroll management.

Module 9: End of Period Procedures
This module guides learners through essential closing activities—depreciation, cash and investment reconciliation, trial balances, handling bad debt, and posting adjustments—to ensure accurate end-of-period reporting.

Module 10: Financial Planning, Budgeting and Control
Students learn why budgeting matters, how to create realistic budgets, and how to compare budgets to actual expenses, equipping them to make informed financial decisions and control spending effectively.

Module 11: Auditing
This module demystifies auditing by explaining what audits are, why and when they’re conducted, and the differences between internal and external audits, preparing learners to maintain compliance and transparency.

Module 12: Wrapping Up
The final module reinforces key takeaways, offers inspirational insights, and encourages learners to apply their new bookkeeping skills beyond the course through reflection, follow-up, and continued learning.

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