Udemy

Platform

English

Language

Accounting & Bookkeeping

Category

Basic Bookkeeping Hacks

How to easily get your accounting and bookkeeping done fast

3.80 (98 reviews)

Basic Bookkeeping Hacks

Students

1.5 hours

Content

Jun 2021

Last Update
Regular Price

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What you will learn

Keep better track of their revenues and expenses

Understand the difference between Bookkeeping and Accounting


Description

Learn the difference between Accounting and Bookkeeping. Discover how a good bookkeeping system can save you wasted hours and dollars. How to have a conversation with your banker and accountant.

You will learn:

  • Ethics and Rules
  • Types of business organizations: proprietorship, partnership, corporation, C-corp, S-corp, LLC.
  • Basic terminology
  • Accounting concepts and principles

In this course, we share how you can make your bookkeeping tasks easier. 

  • Set up a separate business bank account
  • How to separate your personal and  business transactions
  • Basic software that can save you time and money
  • What to do with your receipts

Furthermore you will learn some basic accounting terminology to help you organize your accounting information, including:

  • Assets – economic resources owned by the business
  • Liabilities – creditor’s claim to the asset
  • Owner’s Equity – owner’s claim to the assets


Content

Introduction

Introduction

Talking With Your Accountant or Banker

Difference between accounting and bookkeeping

Introduce Yourself

Bookkeeping vs. Accounting

Introduction

Ethics and Rules

Types of Business Organizations

Basic Terminology

Accounting Concepts and Principles

Accounting Equation – Assets – Liabilities = Owner’s Equity

Introduction

Assets

Liabilities

Owner’s Equity

Types of Statements

Introduction

Balance Sheet

Income Statement

Cash Flow Statement

Summary

Bookkeeping Secrets Revealed

Introduction

Separate Business and Personal Bank Accounts

Business Credit Cards

Basic Software Hacks

Organizing vs Procrastinating

Sample Transactions

Introduction

Sample Transactions

Wrap Up

Next Steps

Help Your Fellow Students

Canadian Bonus Strategy

HST


Reviews

C
CS.19 July 2020

VERY EFFECTIVE, INFORMATIVE, AND BEST FOR BEGINNER TO GAIN KNOWLEDGE OF BASIC ACCOUNTING, RULES, TERMINOLOGIES, KEY FACTORS AND MANY MORE CONCEPTS OF ACCOUNTING.

D
Daud30 June 2020

Amazing course, I have gained more skill and knowledge regarding book keeping and accounting. Thank you very much for the effort and dedication you have put in the course

M
Mustapha25 April 2020

It's seems to be a good basic for a fresh accounting student, it touches the foundation of ever relevant accounting topic

A
Andreina21 May 2019

The sample transactions lesson is empty, the rest is fine as a theoretical introduction to bookkeeping.

P
Phoenix7 March 2019

If like me, you are trying to do the balance sheet and financial statements for your small business at the end of the year, this course is definitely NOT for you. The first half is just talking about vague terms and concepts without any slides or real-world examples, so skip all the intro stuff up to at least lesson 12/28. If a slide is used, after about lesson 12, it is up for less that two seconds & not explained adequately. This is below basic. It does not tell you where to put an entry like a sale or directors loan, why it needs to go there & doesn’t explain why that’s a debit, credit, +, -, liability or how to handle the T account for that. In fact the T accounts are not even mentioned. Lesson 25 is supposed to contain sample transactions but the document is empty. Lacks details & examples. Ps. There are no actual hacks given. The authors’ version of a ‘hack’ is naming three or four software is that you can look at and having a separate ‘pocket’ for your business expenses and keeping it separate from your personal expenses. That’s it. So I feel the course title was very misleading as well.

M
Mike17 April 2018

Course needs more real work examples. The Sample Transactions section has no documents or examples attached. One thing to learn the basic terminology and glossary. Better to back it up with examples.

N
Nita5 April 2017

I am more of a visual learner and just looking at the instructor made it a bit boring. For a beginner explanations not that clear. PDF's were not provided. Very vague explanations.

M
Michael16 September 2016

Insightful, interesting and VERY useful. Good value. Plus the instructor clearly walks his talk. Thank you!


Coupons

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824592

Udemy ID

4/18/2016

Course created date

8/3/2019

Course Indexed date
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