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Bookkeeping Basics # 1: Understand the Fundamentals

Learn bookkeeping terms and concepts to make owners, employees & students more successful!

After completing the course, students will feel more confident and knowledgeable on topics such as...

 

> What is Income and how do you track it?

 

> Which types of Expenses can be claimed by your business

 

> The difference between Assets, Liabilities and Equity

 

 > The Five W's of Bookkeeping

 

> Transactions, The Fundamental Financial Equation and Charts of Accounts

 

> Accounts Receivables and Accounts Payables

 

> Reading Financial Reports

 

> Business Odds and Ends such as Mileage Tracking, Credit Terms, Shipping and Freight, Trade Discounts

 

> The Top 10 Mistakes Small Businesses Make

 

> The Top 6 Tips for Good Bookkeeping

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