Accounting Basics by Hector Garcia, CPA

Hector explains accounting basic and Financial Statements basics with QuickBooks reports
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580 students enrolled
Instructed by CPA Hector Garcia Business / Finance
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  • Lectures 5
  • Length 1 hour
  • Skill Level Beginner Level
  • Languages English
  • Includes Lifetime access
    30 day money back guarantee!
    Available on iOS and Android
    Certificate of Completion
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About This Course

Published 2/2016 English

Course Description

Hector explains in a very simple way, how accounting works. We cover Accounting Principles, Profitability, Solvency, and Liquidity. Reports: Profit & Loss and Balance Sheet. And finally, discuss the concept of DEBITS/CREDITS for Journal Entries. We use QuickBooks to illustrate a few examples of reports and how to do the Journal Entry.  It is extremly important for any business owner, bookkeeping, or staff member working in QuickBooks to understand accounting basics, specially identifying the differences betwen Cash and Accrual Basis of Accounting.  This course will teach you those.

Cash Versus Accrual Basis of Accounting:

  • Cash Basis is when you only report sales when you receive payments and recognize expenses only as you actually pay them. Many taxpayers file their tax returns in  “cash basis”, but they should still manage their business/accounting in accrual basis
  • Accrual basis means we recognize sales when they are earned regardless of us receiving a payment or not. Expenses are recognized as they are incurred regardless of us paying them. Accrual basis wants to measure activities not payments; we still asssume payments will eventually be made.




What are the requirements?

  • Basic Business Concepts, such as PROFIT

What am I going to get from this course?

  • Accounting Concepts explained under 1 hour

What is the target audience?

  • Anyone interested in learning accounting

What you get with this course?

Not for you? No problem.
30 day money back guarantee.

Forever yours.
Lifetime access.

Learn on the go.
Desktop, iOS and Android.

Get rewarded.
Certificate of completion.

Curriculum

Section 1: Accounting Concepts by Hector Garcia, CPA
Introduction from Hector
00:25
Profit & Loss
16:49
Balance Sheet
19:02
Debits/Credits and Journal Entries
12:58
Accounting Basics
Article

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Instructor Biography

CPA Hector Garcia, Accountant & Certified Advanced QuickBooks ProAdvisor

Hector is a passionate accountant and trainer. Hector has been preparing taxes since 1998 and has seen the IRS’s regulations change for the past 14 years. Today he is a practicing Accountant and an Enrolled Agent (Tax Preparer & IRS Representation) in the Davie,FL for his firm Quick Bookkeeping & Accounting LLC. Before working for a private form, Hector worked in several accounting & financial departments of past fortune 500 companies such as: Best Buy, Circuit City, Bank of America, and Wells Fargo.

Hector also earned 3 post-graduate degrees, each strengthening his career in the fields of Accounting, Finance, and Taxation. Hector’s passion for training comes from this successful career in which he applied his personal philosophy of continuous learning and training co-workers. Currently, Hector dictates QuickBooks Courses in Miami,FL

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