Bookkeeping Fundamentals Training Course
Details
Managing and growing a business include the proper recording of its financial transactions also known as “bookkeeping”. This Bookkeeping Fundamentals Training Course provides you with the solid foundation for developing your bookkeeping skills.
After completing this training, you will have learned: the basic bookkeeping and payroll/accounting terminology, how to understand the balance sheet and other standard financial documents/reports to keep track of your business, how to create and manage budgets, the difference between cash vs accrual accounting methods, the importance of financial planning and much more.
This comprehensive training course is available across the U.S., including Atlanta, Austin, Baltimore, Birmingham, Boston, Charlotte, Chicago, Dallas, Houston, Jackson, Los Angeles, Manhattan, Miami, New York, Orlando, Philadelphia, San Antonio and Seattle.
You may attend the scheduled public classes or choose the Client Site Training course which could be tailored to your particular needs and schedule.
http://professionaldevelopmenttraining.com/courses/bookkeeping-fundamentals-training-in-atlanta-baltimore-boston-charlotte-chicago-los-angeles-new-york-miami-orlando-philadelphia-seattle-and-us-wide
Outline
Keep your skills current with this sought-after Bookkeeping Fundamentals course. Bookkeeping is the heart of any business. Without it, we cannot hope to keep track of the most important part of any business: money.
Gain excellent skills in using various accounting procedures and maintain your books efficiently and effectively for the success of your business. On completion of this one-day course, you will have a sound knowledge about the basic steps and techniques used in bookkeeping, including identifying the differences between cash and accrual accounting methods, and helpful tips for the employer along with other topics related to a commercial environment.
Introduction
- Workshop Objectives
Basic Terminology (I)
- Balance Sheet
- Assets
- Liabilities
- Equity
- Income Statement
- Revenue
- Cost of Goods Sold
- Expenses
- Accounting Period
Basic Terminology (II)
- Accounts Receivable
- Accounts Payable
- Depreciation
- General Ledger
- Interest
- Inventory
- Journals
- Payroll
- Trial Balance
Accounting Methods
- Cash Method
- Accrual Method
- Differences between Cash and Accrual
Keeping Track of Your Business
- Accounts Payable
- Accounts Receivable
- The Journal
- The General Ledger
- Cash Management
Understanding the Balance Sheet
- The Accounting Equation
- Double-Entry Accounting
- Types of Assets
- Types of Liabilities
- Equity
Other Financial Statements
- Income Statement
- Cash Flow Statement
- Capital Statement
- Budget vs. Actual
Payroll Accounting / Terminology
- Gross Wages
- Net Wages
- Employee Tax Withholdings
- Employer Tax Expenses
- Salary Deferrals
- Employee Payroll
- Employee Benefits
- Tracking Accrued Leave
- Government Payroll Returns/Reports
End of Period Procedures
- Depreciating Your Assets
- Reconciling Cash
- Reconciling Investments
- Working with the Trial Balance
- Bad Debt
- Posting Adjustments and Corrections
Financial Planning, Budgeting and Control
- Reasons for Budgeting
- Creating a Budget
- Comparing Budget to Actual Expenses
Auditing
- What is an Audit?
- When and Why Would You Audit?
- Internal
- External
Wrapping Up
- Words from the Wise
Schedules
| No. of Days: | 1 |
| Total Hours: | 7 |
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