Bookkeeping Basics Explained Bookkeeping Accounting

Bookkeeping and accounting explained. Bookkeeping and accounting basics is easy. Simple Bookkeeping and accounting.
Bookkeeping Basics Explained Bookkeeping Accounting
File Size :
2.38 GB
Total length :
4h 23m

Category

Instructor

Calvin Lee, CPA, CA, MBA

Language

Last update

9/2023

Ratings

4.4/5

Bookkeeping Basics Explained Bookkeeping Accounting

What you’ll learn

You get an eBook called “Bookkeeping & Accounting Basics”
Subtitles/captions available in English, French, German, Hindi, Simplified Chinese, and Spanish
Debits and credits
Prepare bank reconciliation
Prepare balance sheet
Prepare income statement
Prepare trial balance
Record daily bookkeeping journal entries
Month-end accrual journal entries
Use QuickBooks Online to record transactions

Bookkeeping Basics Explained Bookkeeping Accounting

Requirements

No prior knowledge needed. All you need is a desire to learn!

Description

Course + eBook includedIn this course you will learn bookkeeping and accounting basics. By the end of this course, you will have a solid understanding of the main accounts in bookkeeping and accounting, the different financial reports, and I will show you step-by-step how to do bookkeeping and accounting.Each lesson is around 3-5 minutes, and you can learn at your own pace.WHY THIS COURSE?Taught by a CPA, CA, MBA – Calvin K. LeeCalvin is a top-rated instructor at Schulich School of Business at York UniversityHe has 15 years of experience in bookkeeping & accountingHe has worked in a Big 4 accounting firm (Ernst & Young LLP)Over 60,000+ students from 176 countries enrolled in his coursesLifetime access to this course, and you receive new lessons and updates for FREEFree eBook included in the course6 languages subtitles/captions: English, Chinese, French, German, Hindi, and SpanishCertificate of Completion available30-day money-back guaranteeYOU WILL LEARN:Debits and CreditsBasic Bookkeeping VocabularyPreparing a Bank ReconciliationBookkeeping Practice Worksheets & ExercisesHow to Start a Bookkeeping Business or FreelancingUsing QuickBooks Online to record transactionsPreparing Balance Sheet and Income StatementAccounts Receivable and Accounts PayableMonth-end or Year-end AccrualsMortgage or Loan amortizationRecording Amortization (Depreciation) of Tangible Capital AssetsRecording Term Deposits, and Interest Received from Term Deposits or GIC’sRecording Investments, Dividends & Interest Received from InvestmentsRecording a Return of Capital from an InvestmentAdjusting an Investment to Fair Market ValueRecording Dividend Payments to ShareholdersClosing Dividends into Retained EarningsWriting-off Bad DebtsSetting up Allowance for Doubtful AccountsSetting up Accounting SoftwareGetting Started with Accounting SoftwareTrial BalanceExamples of the most common daily bookkeeping journal entriesCommon Bookkeeping MistakesAnd much more!WHAT STUDENTS SAY ABOUT THIS COURSE:”Mr. Calvin Lee is a really good instructor. If you are a beginner and want to learn in a more specific one you better take this course. He will help you understand. Thank you so much Mr. Calvin! Can’t wait to enroll in a new course of yours.” – Kimberly B.”This is my first Udemy course & it is very informative, I am learning and grasping ALOT & its exciting and motivating. I feel as though I made a great course and I’m excited to see it through. The layout is good, I appreciate the quizzes and PDF to practice on. Just done in really good taste & I appreciate the effort that was put into it.” – Nakia W.”I like how in depth each video is and the description is easy to understand. the examples allow me to thoroughly understand each concept without being confused or unsure. The small quizzes after lectures help me know what I need to recap on.” – Emma B.“This course is excellent especially for beginners. Easy to understand from Calvin’s simple delivery and explanation of content. I signed up for another one of his courses because I learned so much from his course.” – Dawn D.”All the lessons are useful so far, but I especially like the ones that show how to enter the transactions into the QuickBooks software. The instructor is straight to the point, very easy to follow. It makes so much sense. I am enjoying this course, and my motivation is way higher than when I started.” – Kollie Z.”It was very clear. It’s easy for a non-native English speaker to understand your courses.” – Amina S.”Excellent course taught by a professional person with experience, explained each concept to a very high standard. Degree level explanation, good teacher and worth the money spent.” – Jamuna”I like the fact that the course is very short and straight to the point. So far, Calvin’s teaching style and his use of a PowerPoint presentation makes the overall course very informative and engaging.” – David A.REGISTER FOR THIS COURSE NOW!

Overview

Section 1: Introduction

Lecture 1 Introduction

Lecture 2 [EBOOK] Bookkeeping & Accounting Basics

Lecture 3 How to make the most of this course (subtitles, speed up videos)

Section 2: Basic Bookkeeping Skills

Lecture 4 Debit or credit (Part 1)? Assets, liabilities, revenues, and expenses

Lecture 5 Debit or credit (Part 2)? Assets, liabilities, revenues, and expenses

Lecture 6 How much money do I REALLY have in the bank (Part 1)? Bank reconciliation

Lecture 7 How much money do I REALLY have in the bank (Part 2)? Bank reconciliation

Section 3: Bookkeeping Terms & Practice Exercises

Lecture 8 Basic bookkeeping vocabulary (Part 1)

Lecture 9 Basic bookkeeping vocabulary (Part 2)

Lecture 10 Debits and credits practice & exercises

Lecture 11 Bookkeeping practice exercises

Section 4: More Bookkeeping Basic Skills

Lecture 12 How much money am I making? Balance Sheet and Income Statement (Part 1)

Lecture 13 How much money am I making? Balance Sheet and Income Statement (Part 2)

Lecture 14 Don’t forget to accrue! Month-end and year-end accruals

Lecture 15 Getting money from the bank (Part 1): mortgage / loan amortization

Lecture 16 Getting money from the bank (Part 2): mortgage / loan amortization

Lecture 17 I bought a computer. How do I record it? Amortization of capital assets

Lecture 18 Term deposits & buying stocks: Investments and investment income income

Lecture 19 Making money by investing: return on capital and adjusting to fair market value

Lecture 20 I want money for my investment: Dividends to shareholders

Lecture 21 Customers not paying me: determining bad debts (Part 1)

Lecture 22 Customers not paying me: determining bad debts (Part 2)

Lecture 23 This customer won’t pay: writing off bad debts

Lecture 24 Bookkeeping practice exercises #2

Section 5: Using Bookkeeping or Accounting Software

Lecture 25 Bookkeeping & accounting software

Lecture 26 QuickBooks Online overview

Lecture 27 Setting up a bookkeeping or accounting software

Lecture 28 My accountant asked for a Trial Balance. What’s that?

Section 6: Examples of everyday bookkeeping: Computer Store

Lecture 29 Introduction: Bookkeeping for starting a business

Lecture 30 QuickBooks: issuing shares to shareholder

Lecture 31 Selling to your customers: purchasing inventory

Lecture 32 QuickBooks: purchase of inventory

Lecture 33 Making sales to customers

Lecture 34 QuickBooks: sales to customers

Lecture 35 Getting more customers: Advertising your business

Lecture 36 QuickBooks: recording advertising expense

Lecture 37 Business is booming! Balance sheet and income statement updates

Lecture 38 QuickBooks: sale to customer and partial payment from customer

Lecture 39 Paying down debts: paying down accounts payable

Lecture 40 QuickBooks: payment on accounts payable

Lecture 41 Sales of inventory: decreasing inventory and recording Cost of Goods Sold

Lecture 42 QuickBooks: recording cost of goods sold (COGS)

Lecture 43 Getting paid in cash: collecting accounts receivable

Lecture 44 QuickBooks: receiving payment on accounts receivable

Lecture 45 Investing more cash into the company: shareholder loan

Lecture 46 QuickBooks: recording shareholder loan

Lecture 47 Purchase of a building: capital assets

Lecture 48 QuickBooks: purchase of a building

Section 7: Comprehensive Bookkeeping Example: Amazing Bookkeepers Inc.

Lecture 49 Comprehensive example (journal entries)

Lecture 50 Comprehensive example (trial balance preparation)

Lecture 51 Comprehensive example (balance sheet & income statement preparation)

Lecture 52 Comprehensive example (bank reconciliation)

Section 8: More Bookkeeping Basics Topics

Lecture 53 Start a bookkeeping business or freelancing

Lecture 54 Common bookkeeping mistakes

Lecture 55 Keep business finances and personal finances separate

Lecture 56 Types of business structures (sole proprietorship vs corporation)

Lecture 57 Sole proprietor and partnership

Lecture 58 Corporation and Limited Liability Company (LLC)

Lecture 59 Accrual vs cash accounting methods

Lecture 60 Bookkeeping & accounting records (supporting documentation)

Section 9: Additional resources

Lecture 61 Bonus lecture: additional resources to learn bookkeeping

Beginner bookkeeping students,Beginner accounting students

Course Information:

Udemy | English | 4h 23m | 2.38 GB
Created by: Calvin Lee, CPA, CA, MBA

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