Bookkeeping Basics Explained (Bookkeeping & Accounting)

Bookkeeping and accounting explained. Bookkeeping and accounting basics is easy. Simple Bookkeeping and accounting.

4.66 (2145 reviews)
Udemy
platform
English
language
Accounting & Bookkeeping
category
19,056
students
4.5 hours
content
Jan 2024
last update
$119.99
regular price

What you will learn

You get an eBook called "Bookkeeping & Accounting Basics"

Subtitles/captions available in English, French, German, Hindi, Simplified Chinese, and Spanish

Debits and credits

Prepare bank reconciliation

Prepare balance sheet

Prepare income statement

Prepare trial balance

Record daily bookkeeping journal entries

Month-end accrual journal entries

Use QuickBooks Online to record transactions

Description

Course + eBook included

In this course you will learn bookkeeping and accounting basics. By the end of this course, you will have a solid understanding of the main accounts in bookkeeping and accounting, the different financial reports, and I will show you step-by-step how to do bookkeeping and accounting.

Each lesson is around 3-5 minutes, and you can learn at your own pace.

WHY THIS COURSE?

  • Taught by a CPA, CA, MBA - Calvin K. Lee

  • Calvin is a top-rated instructor at Schulich School of Business at York University

  • He has 15 years of experience in bookkeeping & accounting

  • He has worked in a Big 4 accounting firm (Ernst & Young LLP)

  • Over 60,000+ students from 176 countries enrolled in his courses

  • Lifetime access to this course, and you receive new lessons and updates for FREE

  • Free eBook included in the course

  • 6 languages subtitles/captions: English, Chinese, French, German, Hindi, and Spanish

  • Certificate of Completion available

  • 30-day money-back guarantee

YOU WILL LEARN:

  • Debits and Credits

  • Basic Bookkeeping Vocabulary

  • Preparing a Bank Reconciliation

  • Bookkeeping Practice Worksheets & Exercises

  • How to Start a Bookkeeping Business or Freelancing

  • Using QuickBooks Online to record transactions

  • Preparing Balance Sheet and Income Statement

  • Accounts Receivable and Accounts Payable

  • Month-end or Year-end Accruals

  • Mortgage or Loan amortization

  • Recording Amortization (Depreciation) of Tangible Capital Assets

  • Recording Term Deposits, and Interest Received from Term Deposits or GIC's

  • Recording Investments, Dividends & Interest Received from Investments

  • Recording a Return of Capital from an Investment

  • Adjusting an Investment to Fair Market Value

  • Recording Dividend Payments to Shareholders

  • Closing Dividends into Retained Earnings

  • Writing-off Bad Debts

  • Setting up Allowance for Doubtful Accounts

  • Setting up Accounting Software

  • Getting Started with Accounting Software

  • Trial Balance

  • Examples of the most common daily bookkeeping journal entries

  • Common Bookkeeping Mistakes

  • And much more!

WHAT STUDENTS SAY ABOUT THIS COURSE:

  • "Mr. Calvin Lee is a really good instructor. If you are a beginner and want to learn in a more specific one you better take this course. He will help you understand. Thank you so much Mr. Calvin! Can't wait to enroll in a new course of yours." - Kimberly B.

  • "This is my first Udemy course & it is very informative, I am learning and grasping ALOT & its exciting and motivating. I feel as though I made a great course and I'm excited to see it through. The layout is good, I appreciate the quizzes and PDF to practice on. Just done in really good taste & I appreciate the effort that was put into it." - Nakia W.

  • "I like how in depth each video is and the description is easy to understand. the examples allow me to thoroughly understand each concept without being confused or unsure. The small quizzes after lectures help me know what I need to recap on." - Emma B.

  • “This course is excellent especially for beginners. Easy to understand from Calvin's simple delivery and explanation of content. I signed up for another one of his courses because I learned so much from his course.” - Dawn D.

  • "All the lessons are useful so far, but I especially like the ones that show how to enter the transactions into the QuickBooks software. The instructor is straight to the point, very easy to follow. It makes so much sense. I am enjoying this course, and my motivation is way higher than when I started." - Kollie Z.

  • "It was very clear. It's easy for a non-native English speaker to understand your courses." - Amina S.

  • "Excellent course taught by a professional person with experience, explained each concept to a very high standard. Degree level explanation, good teacher and worth the money spent." - Jamuna

  • "I like the fact that the course is very short and straight to the point. So far, Calvin's teaching style and his use of a PowerPoint presentation makes the overall course very informative and engaging." - David A.

REGISTER FOR THIS COURSE NOW!

Content

Introduction

Introduction

Bookkeeping Basic Skills

Debit or credit (Part 1)? Assets, liabilities, revenues, and expenses
Debit or credit (Part 2)? Assets, liabilities, revenues, and expenses
How much money do I REALLY have in the bank (Part 1)? Bank reconciliation
How much money do I REALLY have in the bank (Part 2)? Bank reconciliation
Why should you do a bank reconciliation?
How much money am I making? Balance Sheet and Income Statement (Part 1)
How much money am I making? Balance Sheet and Income Statement (Part 2)
Don't forget to accrue! Month-end and year-end accruals
Making monthly accruals is an example of which method of accounting?
Getting money from the bank (Part 1): mortgage / loan amortization
Getting money from the bank (Part 2): mortgage / loan amortization
Making mortgage payments
I bought a computer. How do I record it? Amortization of capital assets
Term deposits & buying stocks: Investments and investment income income
Why do we amortize capital assets?
Making money by investing: return on capital and adjusting to fair market value
I want money for my investment: Dividends to shareholders
Dividends to shareholders quiz
Customers not paying me: determining bad debts (Part 1)
Customers not paying me: determining bad debts (Part 2)
This customer won't pay: writing off bad debts
Bad debts quiz

Using Bookkeeping or Accounting Software

Setting up a bookkeeping or accounting software
My accountant asked for a Trial Balance. What's that?

An example of every day bookkeeping: Computer store

Introduction: Bookkeeping for starting a business
Selling to your customers: purchasing inventory
Making sales to customers
Getting more customers: Advertising your business
Business is booming! Balance sheet and income statement updates
Paying down debts: paying down accounts payable
Sales of inventory: decreasing inventory and recording Cost of Goods Sold
Getting paid in cash: collecting accounts receivable
Investing more cash into the company: shareholder loan
Purchase of a building: capital assets
Test your knowledge of bookkeeping
Bonus lecture: additional resources to learn bookkeeping

Screenshots

Bookkeeping Basics Explained (Bookkeeping & Accounting) - Screenshot_01Bookkeeping Basics Explained (Bookkeeping & Accounting) - Screenshot_02Bookkeeping Basics Explained (Bookkeeping & Accounting) - Screenshot_03Bookkeeping Basics Explained (Bookkeeping & Accounting) - Screenshot_04

Reviews

SRow
July 21, 2023
I enjoyed this course. I have been in the field for a few years and wanted to freshen up my understanding. This was very informative and gave me more confidence in my knowledge. Mr Lee’s examples were good and helpful. Looking forward to the next class.
Maria
July 21, 2023
I am completely new to bookkeeping there for to record... to a customer and or to record of professional fees was a bit confusing. Where would I record this? Should I have open and read the pdf book I was told I could download before the videos?
Yvette
July 19, 2023
everything was great (just some technical difficulties but resolved after contacting Udemy) The Instructor is great!
John
June 23, 2023
The lectures are straight-to-the-point and there are practical assignments. I do feel like there could be more content in regards to the quizzes. Overall, a good course to learn about bookkeeping.
Lori
June 20, 2023
A good course. Gives enough detail to explain the concepts without giving so much detail that the lesson is lost. Thank you.
Hencel
June 11, 2023
The explanation is very simple and easy to understand. I just hope there will be a lot of sample scenarios.
Donna
May 26, 2023
So far so good. I'm just confused about the Journal entries. I don't understand why some times the names of the accounts are in reversed order in examples he gives. Like sometimes bank account is on top and other times it's on the bottom. Is it determined by if it's a debit or credit?
Shayan
May 21, 2023
This course has given me the basic concepts of bookkeeping in a very lucid language emphasizing upon the practical aspects.
Jean
May 19, 2023
The explanation in the early parts are simple and easy to understand so its not overwhelming.. he covered the basics first so that as he went deeper into different business scenarios like loan payables etc., its easier to understand. i like that the debit and credits exercise is part of the lesson and that he pauses and resumes to give both the right answer and explanation on why this was the answer. that helps solidifying my understanding.
Marcia
May 8, 2023
lost me a little on the debit/credit - lots of examples. Should use the same example for the presentation for us to work with.
Katalin
May 2, 2023
Hi from Scotland! Just started my level 2 accountancy course and I think it’s helpful to have resources to help n my journey. So far enjoy this course early days though that’s why the 4stars. Easy to understand the tutor.
Blandine
April 26, 2023
I enjoyed watching this course. I learned a lot of bookkeeping and accounting lessons. The instructor clearly explained the course to allow everyone to understand.
Heather
April 25, 2023
I have picked up a few useful tips by understanding debits and credits of the four main account types.
Chandresh
April 9, 2023
It more like overview of bookkeeping. The annoying things are the use of irrelevant stock images and videos. At the right right time a distracting image pops up on the screen and you keep thinking what is he trying to show here? most of the time just reading from a prepared slides.
Jasmin
March 28, 2023
This course is perfect for someone like me who doesn't have a background in accounting and bookkeeping. The examples are simple plus each lesson has real scenarios, making it easier to understand. Thank you!

Coupons

DateDiscountStatus
11/28/2020100% OFF
expired
12/1/2020100% OFF
expired
3/20/2021100% OFF
expired
4/27/2021100% OFF
expired

Charts

Price

Bookkeeping Basics Explained (Bookkeeping & Accounting) - Price chart

Rating

Bookkeeping Basics Explained (Bookkeeping & Accounting) - Ratings chart

Enrollment distribution

Bookkeeping Basics Explained (Bookkeeping & Accounting) - Distribution chart

Related Topics

3650670
udemy ID
11/21/2020
course created date
11/28/2020
course indexed date
Angelcrc Seven
course submited by