BUSINESS BOOKKEEPING BASICS

Basic Bookkeeping: Bookkeepers record every financial transaction made by a business. For each transaction, there is a document or online backup. Some examples of transactions are: receipt, invoice, purchase order, bill or debit/credit card charge, etc. This class will: • Introduce terms used in bookkeeping and the difference between bookkeeping and accounting. • Understand the idea of debits and credits used in double-entry bookkeeping. • Acquire skill in creating bookkeeping entries. • Discover how to set up your Chart of Accounts, creating accounts in these five categories: Assets, Liabilities, Equity, Revenue, and Expenses. • Learn tips and advice about creating journal entries.

Fee: No Cost