Bookkeeping Basics # 1: Understand the Fundamentals

After completing the course, students will feel more confident and knowledgeable on topics such as...

• What is Income and how do you track it?
• Which types of Expenses can be claimed by your business
• The difference between Assets, Liabilities and Equity
• The Five W's of Bookkeeping
• Transactions, The Fundamental Financial Equation and Charts of Accounts
• Accounts Receivables and Accounts Payables
• Reading Financial Reports
• Business Odds and Ends such as Mileage Tracking, Credit Terms, Shipping and Freight, Trade Discounts
• The Top 10 Mistakes Small Businesses Make
• The Top 6 Tips for Good Bookkeeping