Learn Bookkeeping From Scratch
- 21 articles
- 12 downloadable resources
- Full lifetime access
- Access on mobile and TV
- Certificate of Completion
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- Become a bookkeeper and start a bookkeeping business.
- Undertake bookkeeping for your own or your partners business or if you're a treasurer.
- 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.
NOTE: This is NOT a video course. Everything is written in simple English. The negative reviews are from people who expected video content.
You're 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.
- 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.
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.
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...
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.
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).
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!
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.