Learn Bookkeeping From Scratch
2.9 (5 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
177 students enrolled
Wishlisted Wishlist

Please confirm that you want to add Learn Bookkeeping From Scratch to your Wishlist.

Add to Wishlist

Learn Bookkeeping From Scratch

The simplest guide to bookkeeping you will ever find, brought to you by Quentin Pain The Business Startup Expert.
2.9 (5 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
177 students enrolled
Created by Quentin Pain
Last updated 11/2014
Current price: $12 Original price: $20 Discount: 40% off
4 days left at this price!
30-Day Money-Back Guarantee
  • 21 Articles
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion

Training 5 or more people?

Get your team access to Udemy's top 2,000 courses anytime, anywhere.

Try Udemy for Business
What Will I Learn?
  • Become a bookkeeper and start a bookkeeping business.
  • Undertake the bookkeeping of your own or your partners business.
View Curriculum
  • You don't need to know or buy any tools for this course, other than a pen and paper or wordprocessor and spreadsheet. Everything else is included.

You about to go on a journey that will take you from understanding what an ‘account’ really is (and it’s not as obvious as you may think!) to being able to read any balance sheet with ease.

You will understand exactly what the professionals (bankers, certified accountants, VC’s, FD’s CFO’s) are talking about. You will be able to talk with confidence about your new bookkeeping and accounting knowledge and will earn respect for it.

You will know your ‘gross profit’ from your ‘net profit’, your ‘cost of goods’ from your ‘operating capital’, your ‘depreciation’ from your ‘amortization’ but BEST OF ALL you will CLEARLY understand the logic behind these things in a way that no other course has EVER explained.

Why is a ‘credit’ a credit. Why do so many people get credits and debits mixed up. The single guaranteed way never to get them wrong again (just knowing that is worth the price of admission – never get stuck in an exam again!).

And you get our special mini-course on starting your own bookkeeping service.

Who is the target audience?
  • Learn Bookkeeping From Scratch is aimed at complete novices and those with bookkeeping experience who want to learn some insights and brilliantly simple techniques not taught by other courses. If you want to understand how bookkeeping works for your own business, this is for you. If you want to start your own bookkeeping business, this is also for you. If you want to become a chartered accountant, this is a great place to start if you're new to the profession. The entire course is written in the simplest of terms that anyone can understand and get to grips with. it includes questions and answers in every module.
  • The course takes you from the very start and leads you gently with simple tests so by the end you will be able to compile profit and loss accounts and the balance sheet. The course is taught by Quentin Pain, a Fellow of the International Association of Bookkeepers and is suitable for most Western countries including the USA, UK, Australia, Canada and South Africa.
Compare to Other Bookkeeping Courses
Curriculum For This Course
21 Lectures
Learn Bookkeeping From Scratch
12 Lectures 02:04:06

Everything starts with accounts. Understanding what an account really is is vital - and not many really understand this. This first lecture is short, simple and to the point, just like any good course should be. Thank you for joining.

Preview 04:12

The Accounting Equation is the basis for all accounting. It shows how and why a set of books balance.

The Accounting Equation

Without transactions, there are no books. Transactions are what makes the money flow around a business. They show where the money came from and where it went to, without which, it would get completely lost! - and that's why the entire world chooses double-entry as you are about to discover...

Transactions - The Life Blood of Bookkeeping

Every set of books has at least one ledger (and that includes every piece of professional accounting software too), so it's vital you understand this mysterious accounting object. We shine the light on exactly what it really is so you will never be left in the dark again.

The Ledger

Here's another thing that every bit of accounting software has but you never ever hear about. This is how your books are balanced. It throws up any errors. Learning how this works puts you way ahead of the average business owner. There's not a single chartered accountant on the planet that doesn't understand the trial balance, make sure you're not left out.

The Trial Balance

Most people think of the profit and loss as a report (it's also commonly called a 'Statement'), but few understand it's actually just another account in the system. Find out how this miracle of accounting works and impress your business friends at the same time.

The Profit and Loss Account

Looks like we're about to get a little technical here, but don't worry. EBIT and EBITDA are vital bits of (very simple) jargon the professionals use when talking about how much money a company has made - and now you're going to learn the secret too. As for COGS, well, it has nothing to do with mechanical things, it's just a way to describe your gross profit, which in turn lets you figure out your margin. And a business that knows its margins is a business worth knowing!


Of all the things in business, the balance sheet can be the most confusing, but you already know about the accounting equation from lecture 2, so this is going to be a walk in the park. And I'd also like to say congratulations on making it this far. That's an amazing achievement and if you like champagne, I'd highly recommend a glass (unless you're under age, in which case a glass of lemonade is far better for you anyway - that's what I drink so it must be true).

The Balance Sheet

Most businesses buy stuff, then either manufacture it into other stuff or simply resell it as is. And that means they need to account for it. That's exactly what you're going to learn in this lecture. This is often over-complicated if you follow the standard text books, but we show you a much simpler method. Stack 'em high!

Stock and Inventory

As soon as you buy any asset, such as a company car or computer, it loses value. As a bookkeeper you need not to record that. You also need to track it too - otherwise the boss won't know when they need to buy the new Lear Jet!

Depreciation and Amortisation

It doesn't matter what country you come from, everything gets taxed, not just your income. Some countries like the USA only charge tax on sales. Others (like the rest of the world!) charge it on purchases too. Don't worry USA, it will be coming to your tax system soon, and you will need to know how to account for it. In this penultimate lecture you will learn one of the most taxing subjects there is when it comes to bookkeeping, but don't worry, you ALREADY have the tools and knowledge to tackle it.

VAT, GST and USA Sales Tax

Check your final set of answers here...

How To Start A Bookkeeping Service
5 Lectures 14:18

This is a quick overview and introduction to starting your very own bookkeeping service. It's not hard to do, it just takes some common sense and perseverance.


Now for the setup. Follow along and enjoy...

Setting Up Your Bookkeeping Service

You need to stand out from the crowd. That will get you noticed and you will get more clients who pay you more money.

Positioning Yourself As A Bookkeeper

This is the holy grail of ANY business, but luckily you have chosen a business that is more in demand than ever due to the massive global rise of small businesses. Let's find out how to attract more clients.

Attracting Clients

You've covered all the core parts, now you need to deliver results. This will ensure you keep your clients and start getting referrals from them so you're never short of work.

Delivering Results
Treasurers Guide
3 Lectures 05:51

What's it take to be a treasurer? Let's explore...

Treasurers Guide Part 1

It's all about transactions. In this case receipts and payments.

Receipts and Payments

Because you will have a kept a great set of books, reporting will be a simple matter.

Basic Bookkeeping Certification
1 Lecture 00:41
Basic Bookkeeping Certificate Online Exam
About the Instructor
Quentin Pain
2.9 Average rating
5 Reviews
177 Students
1 Course

Quentin Pain is an author, speaker and small business strategist. He has started 6 businesses including multi-million pound British software company Accountz.

He has been awarded 3 Macworld nominations and is a fellow and council member of the International Association of Bookkeepers and the International Association of Accounting Professionals.

He became the IAB Small Business Mentor of the Year in 2013 and was voted Top 10 UK Business Advisor by Enterprise Nation in 2015 (the judges included the Department for Business, Innovation and Skills).

He is co-author of a Dummies title and has self-published 3 other books. He founded and now runs The Number One Club, which helps entrepreneurs become number 1 in their market.

He is also the creator of SEO Roadmaps, an online application that helps authors research new articles and track their rankings online.

Quentin has been featured in The Sunday Times, The Independent, The Daily Express, The Financial Times, MoneyWeek, Metro (where he was the Money Doctor columnist) and BBC Radio.