Basic Bookkeeping

Course Description

Having the technical skills and knowledge to successfully execute your job duties is only one part of being the best you can be in the workplace. In addition to these “hard” skills, we also need “soft” skills. Soft skills are those skills which allow us to effectively work with others. No matter what your position, organization, or industry, you work with people! Taking the time to build effective soft skills can contribute to a more efficient, more harmonious, and more productive workplace, as well as to your own overall job happiness and satisfaction Objectives • Discuss how soft skills are important to success in the workplace • Understand the 10 key soft skills everyone should have • Use soft skills to relate more effectively to others in the workplace • Understand how to use soft skills to communicate, problem-solve, and resolve conflict • Apply soft skills to specific situations Course Contents: • 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 Withholding’s • 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 What You Will Get When Enrolling? 1. Course PowerPoint Presentation 2. Training Manual 3. Training Audios 4. Training Videos 5. Course Activities 6. Case Studies On Completion Book for a Free Course Assessment Session and receive Your Course Certificate