How to Do a Year of Bookkeeping in as Little Time as a Day!
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How to Do a Year of Bookkeeping in as Little Time as a Day!

How to finish your bookkeeping lightening fast so that you can get back to building wealth with fast filed tax returns
4.3 (9 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.
1,048 students enrolled
Created by Scott Brown
Last updated 1/2017
Current price: $10 Original price: $200 Discount: 95% off
5 hours left at this price!
30-Day Money-Back Guarantee
  • 1.5 hours on-demand video
  • 1 Article
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • Finish your bookkeeping in one day and never fear doing your routine bookkeeping, annual accounting, and tax filings.
  • Get rich by not paying thousands (or millions) in needless taxes!
  • Enjoy increased control over your business from enhanced organization.
View Curriculum
  • Basic PC operations.


You are fattening yourself for the kill! Most family business suffer from shoddy bookkeeping, accounting, and tax filings.

The reason is obvious.

Your big problem is that whatever is making you money in business is not bookkeeping. I have counseled far too many business owners through numerous problems that arise in a business that does not perfect the 3 P’s of Marcus Lemonis of “The Profit” on CNBC.

  • Procedure
  • Product
  • People

The biggest problems come from astute family business owners who fail at hiring the right bookkeeper. But then again, the biggest benefits of bookkeeping accrue to family business owners who do their own books!

The Devil IS in the Details

This course gives you a clear procedure for completing your business accounting and tax reduction duties. This duty is a serious burden for many managers.

But with this course you will likely complete your accounting in just one day! You surely won’t be at it for more than a few days….

I am Dr. Scott Brown.

I have many years of experience teaching financial accounting to my MBA 503 students in the online program at Southern New Hampshire University. And I am one of the few online adjunct professors who teach the course that actually does bookkeeping for a firm — mine!

I do my annual bookkeeping and then send the result to my accountant. My process is simple, fast, and correct.

The benefits of this course include,

  • Avoiding IRS fines.
  • Avoiding federal jail time for tax evasion.
  • Dramatically increasing your profitability by reducing your cost of taxes.
  • Squeezing your expenses to the bare minimum with awareness and introspection.

And many, many more if you enroll now.

As I continue my financial education with Dr. Brown (seriously sign up for every single one of his financial courses), I learn more and more profitable investing wisdom. And I can safely say that following Dr. Brown's principles very closely I had the best week I've ever had in the markets last week. So yeah he's my financial Sherpa.-Daniel Hall 2/4/2016

Enroll now for a mega-awesome lifetime membership in this amazing problem fixer of a course!

You enjoy a titanium-clad 30-day money back Guarantee, fulfilled by Udemy as third party.

Every day you wait is a day your money will lose business, guaranteed, for not applying what you are missing inside.

Enroll now!

I am waiting inside to train you in proper bookkeeping procedures. Sincerely,

Dr. Scott Brown

Associate Professor of Finance of the AACSB Accredited Graduate School of Business of the University of Puerto Rico

P.S. NEW Bonus Tax Guide as bonus item.  Grab it now ($200 Solid Value Free Right Here Now).

P.P.S. WARNING: The IRS loves to fine small business who are lost in the dark when it comes to bad bookkeeping.

P.P.P.S. Uh oh… Here comes the IRS … Enroll now!

Who is the target audience?
  • Every blue blooded American patriot taxpayer!
Compare to Other Bookkeeping Courses
Curriculum For This Course
22 Lectures
Dr. Scott Brown is a Southern New Hampshire University Financial Accounting Prof
1 Lecture 01:51

Dr Scott Brown started as an accounting auditor for Vail Associates. This experience inspired him to continue on for a masters degree in international financial accounting and a doctorate in finance.

He explains how you can get the most out of this course.

General questions should be posted on the discussion board. But send him personal questions directly.

Preview 01:51

This quiz tests your understanding of how to get the most out of this course on bookkeeping and financial accounting.

Welcome Quiz For Students Who Want Serious Fast Solutions to their Bookkeeping!
2 questions
[READ FIRST] Important Tax Guide
1 Lecture 02:46
Download Course Notes Here ....
Preparing to Begin the Bookkeeping for your Family Firm Starts with Simple Steps
10 Lectures 35:15

The following possibilities exist for business formation:

  • Sole Proprietor
  • Partnership
  • Limited Liability Company (LLC)
  • Sub-chapter S Corporation
  • C Corporation
  • Act 20 Corporation

The individual selling professional services and small to mid size businesses should select the LLC. As the business grows a C Corporation can offer additional family benefits.

Preview 02:59

Once you have your business formed you will have received an EIN and a business bank account. But you will also use other personal accounts to maximize your legal tax deductions.

This lecture shows you how to set up your ...

  • Chart of accounts.
  • Credit cards.
  • Checking accounts.
  • Savings account.

And much, much more!

Preview 13:37

A big part of the reason that you can complete your bookkeeping in one day for an entire year is that QuickBooks is linked into the largest banks.

That means that you may have very little automated expense entries if you set up your bookkeeping system and procedures correctly from the start. Discover how to connect your copy of QuickBooks to your bank account now!

Downloading Transactions and Business Bank Account Statements into QuickBooks!

You should paper audit even when downloading and electronically enter transactions. Accounting auditors work in teams of two.

One person runs the first 10 key. Then the other runs the balance again on a second ten key.

They keep working until both balance. That value goes to the day accounting office in a hotel and resort system.

Printing & Organizing Your Bank Statements by Month for Checklist Review Control

QuickBooks will remember vendors. Any person you pay in a small family business is a vendor.

Remember that.

You can choose how aggressively you want to capture deductions by carefully categorizing all of your expenses. Familiarize yourself first with the most common in and out flows in your household.

Highlighting Transactions that Occur Frequently in Your Financial Statements!

Many credit card companies offer an annual expense summary. This can help you enter and memorize transactions and vendors.

Over time your QuickBooks system will learn 95% of your transactions.

That means that the second year you do your bookkeeping in one day will be even faster. This cheered me up when I started doing my own bookkeeping.

Tapping the Power of the Credit Card Expense Report from your Business Bankings!

The check register is a manual entry record system. This allows you to spot cash expenditures.

You want to minimize your cash expenditures.

The IRS doesn't like to see large amount of cash expenses. Pay in cash when you have no other alternative.

Using your Check Register, if you are an Already Existing Business Today!

Clearing your actual checks against the electronic register is an integral part of bookkeeping. This allows you to catch errors.

The procedure also allows you to spot expenses that are unnecessary or fraudulent.

A surprising number of business managers never review their accounting data. This is a dangerous mistake that can lead to problems with the IRS.

Organizing Your Cleared Checks in Sequential Order by Number or Date Sequence!

You have to remember to enter all of your sales transactions. These come off your merchant account statements.

This will allow you to map revenues to expenses.

Don't forget to enter you merchant account numbers. Over time you will find that you will have a well balanced accounting system.

Laying Out Monthly Merchant Account Statements: PayPal, ClickBank,

Customizing QuickBooks preferences allows you to access reports and enter data as fast and correctly as possible. The neat thing about QuickBooks is that it learns over time.

And if you invest a little time to set up the system you will be pleasantly surprised at the results.

The best way to get the most out of your accounting system is to take the time to set it up right. Take the time now to reap the rewards later!

Giving QuickBook Direct Access to your Online Business Accounts for Streamlining

QuickBooks can directly access a wide variety of online accounts. These range from bank accounts to other services that are vital to your business.

This allows you to speed up your bookkeeping even further.

A skilled bookkeeper can do the bookkeeping for a year of activity of a well organized business in less than a day. Organize your business today!

Customizing Your QuickBook Settings to Save Time in Data Entry and Reporting!

This quiz tests your understanding of the most important steps you can take the day before you complete one year of bookkeeping in one day.

Testing Your Knowledge of Setting up your Family Business Correctly Now!
4 questions
Completing the Bookkeeping Process in QuickBooks
10 Lectures 43:52

Bookkeeping Steps Flowchart

  • 1.       Import Business Banking Data.
  •            a.       Review and Accept Transactions
  • b.       Reconcile by Month
  • 2.       Enter all Family Banking Checks
  • 3.       Enter Family Banking ATM Payments
  • 4.       Enter Family Banking Visa Credits
  • 5.       Enter Family Banking American Express Credits
  • 6.       Enter Family Banking Expenses paid in Cash.
  • 7.       Gather and Sort Receipts
  • 8.       Above $75
  • 9.       By Chart of Accounts
  •            a.       Review Credit Card Charges
  •            b.       Review Sales
  •            c.       Review Check Registers (WF and BPOP)
  •            d.       Review Deposits
  •            e.       Review Sales Tax (if applicable)
  •            f.        Backup
  • 10.   Deliver to Accountant
  • 11.   Do Adjustments if Requested by Accountant
  • 12.   Get refunds (if applicable)
Overview of the Bookkeeping Process.

QuickBooks Online connects to thousands of financial institutions so you can automatically download bank transactions. When you first connect your account QuickBooks downloads the last 90 days of transactions. If you need more than 90 days of transactions or if QuickBooks doesn't connect to your bank yet, you may be able to bring bank transactions into QuickBooks if your bank offers valid WebConnect file downloads (QFX, QBO, CSV, and OFX).

Importing Business Banking Data

Whether you write paper checks or print them off, you still need to record them in QuickBooks. You also need to record ATM payments. Here is how.

Entering Family Banking Checks and ATM Payments

You will need to create Credit Card accounts to enter your credit cards.  Follow the instructions online at the QuickBook official page. 

Enter Family Banking Visa Credits

American Express charges are entered the same way in QuickBooks as is Visa.  You simply have to set up the American Express charge card account. 

Enter Family Banking American Express Credits

Entering Cash Payments and Revenues

Gather and sort receipts above $75.

Gathering and Sorting Receipts

Review your work carefully by Chart of Accounts

a.       Review Credit Card Charges

b.       Review Sales

c.       Review Check Registers (WF and BPOP)

d.       Review Deposits

e.       Review Sales Tax (if applicable)

f.        Backup

Also print and review your Profit and Loss (P&L) Statement.

Reviewing Data By Chart of Accounts

Filing returns for a business can be complicated.  I receive more back in tax refunds than it costs me to file my return.  

Delivering to Accountant

Bonus Lecture: My Special Udemy Coupon Offer to You

Bonus Lecture: My Special Udemy Coupon Offer to You
About the Instructor
Scott Brown
3.6 Average rating
659 Reviews
21,933 Students
28 Courses
Major State University Finance Professor, Investments Expert

"There is no one like you that I know of who is this transparent, that is what makes your service and education so valuable. Please keep on." -L.B. A Washington State Stock Investor

Dr. Scott Brown and “Intelligent Investing” — helping you get the most out of your hard earned investment capital.

As an investor, I have spent over 35 years reading anecdotal accounts of the greatest investors and traders in history. My net worth has grown dramatically by applying the distilled wisdom of past giants.

I have researched and tested what works in the world’s most challenging capital markets — and I teach you every trick I know in my Udemy courses!

>>>Learn from leading financial experts!

>>> How about discovering how I have tripled family member’s accounts in six years with simple stock picks?

>>> Want to master set and forget limit stop loss tactics for sound sleep?

>>> Does Forexinterest you?

>>>Is your employer sponsored 401(k) plan optimized?

>>>Do you know the fastest rising highest dividend yielding common stock shares in the market today?

>>> High roller? How would you like to know how to dramatically lever your savings with deep-in-the-money call options?

Enrollin my Udemy courses — you can prosper from all of this — plus much, much more now!

(In the last six years we have exploded our net worth and are absolutely debt free, we live a semi-retired Caribbeanlifestyle in atriple gatedupscale planned community from a spacious low maintenance condo looking down on our tropical beach paradise below).

My Curriculum Vitae:

Investment Writing and Speaking:

I am an internationalspeaker oninvestments. In 2010 I gave a series of lectures onboard Brilliance of the Seas as a guest speaker on their Mediterranean cruise. Financial topics are normally forbidden for cruise speakers. But with me they make an exception because of my financial pedigree.

On day 6 the topic I discussed was “Free and Clear: Secrets of Safely Investing in Real Estate!“ The day 7 topic was “Investment Style and Category: How the Stock Market Really Works!” Then on day 8 I spoke about “The 20% Solution: How to Survive and Thrive Financially in any Market!” The final talk on day 11 was “Value Investing for Dummies: When Dumb Money is Smart!

Gina Verteouris is the Cruise Programs Administrator of the Brilliance of the Seas of Royal Caribbean Cruise Lines. Regarding my on-board teachings she writes on June 19th, “You have really gone above and beyond expectations with your lectures and we have received many positive comments from our Guests.”

I sponsored and organized an investing conference at Caesars Palace in Las Vegas in 2011 under my Wallet Doctor brand. This intimate conference was attended by 14 paying attendees.

As such many strides were made in financial education that week. For instance I met a woman who is a retired engineer from the Reno, Nevada area.

She made a fortune on deep in the money calls during the bull markets of the 90s.

This humble and retired engineer inspired me to look more seriously at deep in the money calls with far expiration. She also gave me an important clue regarding trading volume.

Her call option and volume insights have been confirmed in the Journal of Finance.

In 2012 I gave a workshop at the FreedomFest Global Financial Summit on stock investing at the Atlantis Bahamas Resort. I was also a panelist on a discussion of capital markets.

My course “How to Build a Million Dollar Portfolio from Scratch" at the Oxford Club is an international bestseller. In 2014 I co-authored “Tax Advantaged Wealth” with leading IRS expert Jack Cohen, CPA. This was the crown jewel of the Oxford Club Wealth Survival Summit.

I have been a regular speaker at the Investment U Conferences.

In 2012 I gave a workshop entitled “How to Increase Oxford Club Newsletter Returns by 10 Fold!” The conference was held at the Grand Del Mar Resort in San Diego, California. This resort destination is rated #1 on TripAdvisor.

In 2013 I spoke at the Oxford Club’s Investment U Conference in San Diego California. The talk was entitled “The Best Buy Signal in 103 Years!” Later in the summer I spoke at the Oxford Club Private Wealth Conference at the Ojai Valley Inn.

This was at the same time that Jimmy Kimmel married Molly McNearney in the posh California celebrity resort. It was fun to watch some of the celebrities who lingered.

I also operate a live weekly investment mentorship subscription service under the Bullet-Proof brand every Monday night by GoToWebinar.

Academic Research:

I am an associate professor of finance of the AACSB Accredited Graduate School of Business at the University of Puerto Rico. My research appears in some of the most prestigious academic journals in the field of investments including the Journal of Financial Research and Financial Management. This work is highly regarded on both Main Street and Wall Street. My research on investment newsletter returns was considered so important to investors that it was featured in the CFA Digest.

The Certified Financial Analyst (CFA)is the most prestigious practitioner credential in investments on Wall Street.

Prestigious finance professor Bill Christie of the Owen School of Business of Vanderbilt University and then editor of Financial Management felt that our study was valuable to financial society. We showed that the average investment newsletter is not worth the cost of subscription.

I am the lead researcher on the Puerto Rico Act 20 and 22 job impact study. This was signed between DDEC secretary Alberto Bacó and Chancellor Severino of the University of Puerto Rico.

(See Brown, S., Cao-Alvira, J. & Powers, E. (2013). Do Investment Newsletters Move Markets? Financial Management, Vol. XXXXII, (2), 315-338. And see Brown, S., Powers, E., & Koch, T. (2009). Slippage and the Choice of Market or Limit orders in Futures Trading. Journal of Financial Research, Vol. XXXII (3), 305-309)

Graduate Degrees:

I hold a Ph.D. in Finance from the AACSB Accredited Darla Moore School of Business of the University of South Carolina. My dissertation on futures market slippage was sponsored by The Chicago Board of Trade. Eric Powers, Tim Koch, and Glenn Harrison composed my dissertation committee. Professor Powers holds his Ph.D. in finance from the Sloan School of Business at the Massachusetts Institute of Technology [MIT]. Eric is a leading researcher in corporate finance and is a thought leader in spin offs and carve outs.

Dr. Harrison is the C.V. Starr economics professor at the J. Mack Robinson School of Business at Georgia State University.

He holds his doctorate in economics from the University of California at Los Angeles. Glenn is a thought leader in experimental economics and is the director of the Center for the Economic Analysis of Risk.

Tim Koch is a professor of banking. Dr. Koch holds his Ph.D. in finance from Purdue University and is a major influence in the industry.

My dissertation proved that under normal conditions traders and investors are better off entering on market while protectingwith stop limit orders. The subsequent article was published in the prestigious Journal of Financial Research now domiciled at Texas Tech University — a leading research institution.

I earned a masters in international financial management from the Thunderbird American Graduate School of International Business. Thunderbird consistently ranks as the #1 international business school in the U.S. News & World Report, and BloombergBusinessWeek.

Academic Conferences:

I spoke at the 2010 annual conference of the International Association of Business and Economics (IABE) conference in Las Vegas, Nevada. The research presented facts regarding price changes as orders flow increases in the stock market by advisory services.

I spoke at the 2010 Financial Management Association [FMA] annual conference in New York on investment newsletters. The paper was later published in the prestigious journal “Financial Management.”

I presented an important study named “Do Investment Newsletters Move Markets?” at the XLVI Annual Meeting of the Consejo Latinoamericano de Escuelas de Administración (CLADEA) in 2011 in San Juan, Puerto Rico. The year before that I presented my futures slippage research at a major renewable energy conference in Ubatuba, Brazil.

I spoke at the Clute International Conferences in 2011 in Las Vegas, Nevada. The research dealt with the price impact of newsletter recommendations in the stock market.

I presented a working paper entitled “The Life Cycle of Make-whole Call Provisions” at the 2013 Annual Meeting of the Southern Finance Association in Fajardo, Puerto Rico in session B.2 Debt Issues chaired by Professor LeRoy D. Brooks of John Carroll University. Luis Garcia-Feijoo of Florida Atlantic University was the discussant. I chaired the session entitled “Credit And Default Risk: Origins And Resolution.” Then I was the discussant for research entitled "NPL Resolution: Bank-Level Evidence From A Low Income Country" by finance professor Lucy Chernykh of Clemson University and Abu S Amin of Sacred Heart University and Mahmood Osman Imam of the University of Dhaka in Bangladesh.

That same year I presented the same study to the Annual Meeting of the Financial Management Association in Chicago, Illinois. I did so in session 183 – Topics in Mergers and Acquisitions chaired by James Conover of the University of North Texas with Teresa Conover as discussant. I chaired session 075 – Financial Crisis: Bank Debt Issuance and Fund Allocation. Then I was the discussant for TARP Funds Distribution: Evidence from Bank Internal Capital Markets by Elisabeta Pana of Illinois Wesleyan University and Tarun Mukherjee of the University of New Orleans.

Academic Service:

I am a member of the MBA Curriculum Review Committee, the MBA Admissions Committee, The Doctoral Finance Admissions Committee, the Graduate School Personnel Committee, and the Doctoral Program Committee of the School of Business of the University of Puerto Rico.

Financial Journalism:

I am the editor of Momentum Investor Magazine. I co-founded the magazine with publisher Daniel Hall, J.D. We have published three issues so far. Momentum Investor Magazine allows me to interview very important people in the finance industry. I interview sub director Suarez of the DDEC responsible for the assignment of Puerto Rico act 20 and 22 licenses for corporate and portfolio tax reduction in the third edition. Then I interview renowned value investor Mohnish Prabia in the upcoming fourth edition — to be made available via Udemy. Valuable stock market information will be taught throughout.


In October of 2010 I arranged for the donation to The Graduate School of Business of the University of Puerto Rico of $67,248 worth of financial software to the department that has been used in different courses. This was graciously awarded by Gecko Software.

I have guided thousands of investors to superior returns. I very much look forward to mentoring you as to managing your investments to your optima! –Scott

Dr. Scott Brown, Associate Professor of Finance of the AACSB Accredited Graduate School of Business of the University of Puerto Rico.