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Do Bookkeeping & Earn Money
Rating: 4.1 out of 5(28 ratings)
118 students

Do Bookkeeping & Earn Money

How to keep accounting records for a small business using just excel. no need to buy accounting programs .
Created byDr. John Daniel Mclellan
Last updated 1/2023
English
English [Auto],

What you'll learn

  • Be able to keep accounting records for a service company and a merchandise company.
  • Know how to use excel in recording business transactions.
  • Complete two case studies where you keep the accounting records - one for a service company and one for a merchandise company. Using excel you record journal entries, summarize in the ledger, take a trial balance, do adjusting entries and present an income statement and balance sheet for each company.

Course content

9 sections • 14 lectures • 3h 30m total length

  • Introduction to business29:43

    To deepen your understanding

    Please go to Socrative.com and register as a student. Then enter Room ACC200

    Then attempt the interactive exercises by clicking the links in resources.

Requirements

  • Everything will be provided

Description

Learn and Master the Accounting  ( Bookkepping) Process.

  • Understand that accounting is the language of business.

  • Know business terminology (biz speak).

  • Understand the difference between a corporation and a single proprietorship.

    Understand an Income Statement and how to prepare one.

  • Understand a Balance Sheet and how to prepare one.

  • Know how to analyse and record business transactions

  • Learn how to use debits and credits to record business transactions.

  • Know how to use the accounting journal and ledger,

  • Complete a set of accounting records for a service business using excel spreadsheets.

  • Complete a set of accounting records for a merchandise company using excel spreadsheets.


This course is unique in that it contains a number of excel projects on using a set of accounting records first for a service company and then a merchandise company.

Bookkeeping is the recording, on a day-to-day basis, of the financial transactions and information pertaining to a business. It ensures that records of the individual financial transactions are correct, up-to-date and comprehensive.

The primary purpose of bookkeeping is to record the financial effects of transactions. An important difference between a manual and an electronic accounting system is the former's latency between the recording of a financial transaction and its posting in the relevant account.

Who this course is for:

  • People interested in doing bookkeeping

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