Bookkeeping for Canadians

A Guide to Performing Basic Bookkeeping Functions in Canada

4.40 (17 reviews)
Accounting & Bookkeeping
Bookkeeping for Canadians
2 hours
Jul 2021
last update
regular price

What you will learn

Bookkeeping, Basic Accounting


In this course we will be tackling all the concepts that you will need to learn to be able to perform all the basic bookkeeping tasks and cycle for a small business. If you’re someone who is completely new to this, congratulations on making your first step towards your career development, I can assure you that once you are done with this course, you will be transformed into a knowledgeable bookkeeper. If you’re someone who’s taking the course and already know these things, I hope that this will at least give you a refresher because we will be tackling bookkeeping cycle from start to end.

We will discuss the different concepts of bookkeeping:

  • What is Bookkeeping? We will explore the definition and how bookkeeping works

  • Bookkeeper vs Accountant. What the differences are between them.

  • Roles and Responsibilities. What is your role as a bookkeeper and the responsibilities that comes with being a bookkeeper.

  • Types of Business Structures. Know the different business types out there

  • Accounting periods. We’ll talk about calendar year, fiscal year, and the interim period.

  • The Double-Entry Accounting System and the Accounting Equation

  • Account Types and the Chart of Accounts

  • Accounting Methods. We’ll talk about two accounting methods, the accrual basis and the cash basis accounting.

  • General Ledger

  • Subsidiary Ledgers

  • Accounting Journals

  • Trial Balance

  • The financial statements

  • The Accounting Cycle

  • File maintenance. How to properly store and document files.

  • And then on the last section you will be provided with a basic example of bookkeeping checklist. Daily, weekly, monthly, quarterly and yearly procedures.



About the Course & Author
Table of Content

The Basics

What is Bookkeeping?
Bookkeeper vs Accountant
Roles and Responsibilities
Types of Business Structures
Accounting Periods

The Accounting System

The Double Entry System & The Accounting Equation
The Account Types and Chart of Accounts
The Two Accounting Methods

Ledgers and Journals

General Ledger
Subsidiary Ledger
Accounting Journals

Worksheets and Financial Statement

Trial Balance
Financial Statements

The Accounting Cycle

The Accounting Cycle

Supplementary Materials

Documentation, Filing, Record-keeping
Basic Bookkeeping Checklist


Thank you


July 2, 2022
If you require a course which takes you through the theoretical concepts, explanation of the accounting cycle, this is for you. If you require a course which takes you through a working example of the accounting cycle, this course is not for you. Also, there are no downloadable resources. The bookkeeping checklist mentioned at the end is good, but again, no downloadable resource to keep handy or refer to.
March 7, 2022
this course gave a great basic outline of bookkeeping that I will be able to use in my work. I will look for more courses from this particular for non profit organizations.



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