Bookkeeping for Canadians
A Guide to Performing Basic Bookkeeping Functions in Canada
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.
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.