Basic Bookkeeping Hacks

Basic Bookkeeping Hacks

What you’ll learn
  • Keep better track of their revenues and expenses
  • Understand the difference between Bookkeeping and Accounting
Requirements
  • No prior information required
  • No software is required
  • A Desire to more easily manage your revenue and expenses is helpful
Description

Learn the difference between Accounting and Bookkeeping. Discover how a good bookkeeping system can save you wasted hours and dollars. How to have a conversation with your banker and accountant.

You will learn:

  • Ethics and Rules
  • Types of business organizations: proprietorship, partnership, corporation, C-corp, S-corp, LLC.
  • Basic terminology
  • Accounting concepts and principles

In this course, we share how you can make your bookkeeping tasks easier.

  • Set up a separate business bank account
  • How to separate your personal and  business transactions
  • Basic software that can save you time and money
  • What to do with your receipts

Furthermore you will learn some basic accounting terminology to help you organize your accounting information, including:

  • Assets – economic resources owned by the business
  • Liabilities – creditor’s claim to the asset
  • Owner’s Equity – owner’s claim to the assets
Who this course is for:
  • All small and medium businesses
  • Solopreneurs, SOHO and Bookkeepers

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