- 1.5 hours on-demand video
- 2 articles
- 2 downloadable resources
- Full lifetime access
- Access on mobile and TV
- Certificate of Completion
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- Keep better track of their revenues and expenses
- Understand the difference between Bookkeeping and Accounting
- No prior information required
- No software is required
- A Desire to more easily manage your revenue and expenses is helpful
Learn the difference between Accounting and Bookkeeping. Discover how a good bookkeeping system can save you wasted hours and dollars. How to have a conversation with your banker and accountant.
You will learn:
- Ethics and Rules
- Types of business organizations: proprietorship, partnership, corporation, C-corp, S-corp, LLC.
- Basic terminology
- Accounting concepts and principles
In this course, we share how you can make your bookkeeping tasks easier.
- Set up a separate business bank account
- How to separate your personal and business transactions
- Basic software that can save you time and money
- What to do with your receipts
Furthermore you will learn some basic accounting terminology to help you organize your accounting information, including:
- Assets – economic resources owned by the business
- Liabilities – creditor’s claim to the asset
- Owner’s Equity – owner’s claim to the assets
- All small and medium businesses
- Solopreneurs, SOHO and Bookkeepers
Why knowing the correct terminology is important to making life easier and your business function smoother.
Bookkeeping is the daily recording of your business, while accounting is the reporting of what your business does. The accounting process gives you tools to know how your business is doing.
Why you need both working for you. In this section, we learn about Ethics and Rules, Types of organizations, Debits and Credits, as well as Core Concepts and Principles.
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