wELCOME TO OUR FREE BOOKKEEPING COURSE! NO REGISTRATION IS REQUIRED!
YOU WILL LEARN...
- THE FUNDAMENTALS OF BOOKKEEPING
- BOOKKEEPING TERMINOLOGY
- BOOKKEEPING BASICS
THE COURSE IS A 5 PART SERIES. iT IS AVAILABLE IN BOTH WRITTEN AND VIDEO FORMATS. IT IS SAUCEY!
LET'S GET STARTED...
Bookkeeping basics part 1
An introduction to bookkeeping...
Welcome to this free bookkeeping course! The course will teach you all the basics of bookkeeping, including double entry bookkeeping, financial statements, and common terms used in the bookkeeping world.
This course has been written by me, that is, a well-seasoned bookkeeper and accountant. You can call me 'Mr. Sauce'.
Each page will contain a course video, which I strongly suggest you watch. The videos are provided by 'The Bookkeeping Master', who I strongly suggest you subscribe to on YouTube.
Anyways, blah, blah, blah... Let's get started!
This course has been written by me, that is, a well-seasoned bookkeeper and accountant. You can call me 'Mr. Sauce'.
Each page will contain a course video, which I strongly suggest you watch. The videos are provided by 'The Bookkeeping Master', who I strongly suggest you subscribe to on YouTube.
Anyways, blah, blah, blah... Let's get started!
lesson 1 - bookkeeping and accounting is fun (believe me)
Bookkeeping is fun. Accounting even more so.
If you have ever gained a sense of satisfaction by creating meaning and order from something messy, then you'll know what I am talking about.
Accounting is not just fun. It is a respected profession and a brilliant skill to possess. I was once told, 'accountancy is the language of business'. This statement is both true and exciting.
Once a bookkeeper or accountant is fully trained and experienced, they become a financial wizard!
If you have ever gained a sense of satisfaction by creating meaning and order from something messy, then you'll know what I am talking about.
Accounting is not just fun. It is a respected profession and a brilliant skill to possess. I was once told, 'accountancy is the language of business'. This statement is both true and exciting.
Once a bookkeeper or accountant is fully trained and experienced, they become a financial wizard!
Lesson 2 - What is a bookkeeper & what is an accountant?
The term 'bookkeeper' and 'accountant' can be used interchangeably, but they often mean different things...
A bookkeeper keeps an orderly record of the day to day accounts for a business, company, or entity. They keep the "books".
A bookkeeper keeps record of (or account for) an entities sales, expenses, and bank transactions.
The best bookkeepers are organisers. They provide calm, order, and tidiness to potential chaos. They do this through using bookkeeping and accounting software, Microsoft Excel (or numbers), and by keeping organised folders and files.
In order for a bookkeeper to do their job, they usually need access to the entities bookkeeping software('s), copies of bank statements, copies of the entities sales invoices and copies of the entities purchase invoices.
The term 'accountant' can also mean bookkeeper, but most refer to an accountant as the person (or people) that compile financial reports for an entity, provide financial insights, offer tax advice, and file tax returns.
This is just the mere basics of what bookkeepers and accountants can do, though. Proficient bookkeepers and accountants are financial experts. They can analyse financial figures in order to tell in-depth financial stories. They can insightfully tell how profitable the company is, whether the company has sufficient cash to meet it's needs, if the company is heading for bankruptcy, how much tax a business is likely to pay in coming months, and so much more!
A bookkeeper keeps an orderly record of the day to day accounts for a business, company, or entity. They keep the "books".
A bookkeeper keeps record of (or account for) an entities sales, expenses, and bank transactions.
The best bookkeepers are organisers. They provide calm, order, and tidiness to potential chaos. They do this through using bookkeeping and accounting software, Microsoft Excel (or numbers), and by keeping organised folders and files.
In order for a bookkeeper to do their job, they usually need access to the entities bookkeeping software('s), copies of bank statements, copies of the entities sales invoices and copies of the entities purchase invoices.
The term 'accountant' can also mean bookkeeper, but most refer to an accountant as the person (or people) that compile financial reports for an entity, provide financial insights, offer tax advice, and file tax returns.
This is just the mere basics of what bookkeepers and accountants can do, though. Proficient bookkeepers and accountants are financial experts. They can analyse financial figures in order to tell in-depth financial stories. They can insightfully tell how profitable the company is, whether the company has sufficient cash to meet it's needs, if the company is heading for bankruptcy, how much tax a business is likely to pay in coming months, and so much more!
Lesson 3 - Why are bookkeepers and accountants needed?
Not everyone wants to - or has the ability to - become a financial wizard.
Business owners may not have the time or skill to also be the businesses accountant. Company directors may require expert advice for business planning and taxation.
By law, accurate records of an entity's financial transactions must be kept and any relevant tax must be calculated correctly and paid to Government agencies.
An entity may need to plan and forecast financial figures due to cash flow issues or the need for expansion.
All of the above are just some of the reasons why bookkeeping and accounting needs to be done. There is no one better to do these jobs than those who have been trained, qualified, and licenced to do so i.e. bookkeepers and accountants.
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