Introduction to Small Business Accounting Training Tutorial

Learn the basics of small business accounting. Includes video lessons, tests and glossary of accounting terms.
3.9 (7 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.
140 students enrolled
Instructed by TeachUcomp, Inc. Business / Finance
$19
$25
24% off
Take This Course
  • Lectures 75
  • Length 3.5 hours
  • Skill Level Beginner Level
  • Languages English
  • Includes Lifetime access
    30 day money back guarantee!
    Available on iOS and Android
    Certificate of Completion
Wishlisted Wishlist

How taking a course works

Discover

Find online courses made by experts from around the world.

Learn

Take your courses with you and learn anywhere, anytime.

Master

Learn and practice real-world skills and achieve your goals.

About This Course

Published 1/2013 English

Course Description

If you are new to small business accounting or need a refresher, this course is for you. From terminology to reading reports, small business accounting can sometimes be confusing. During this 3 hour Accounting video training course, our expert instructor will teach you about different types of accounts (asset, liability, equity, income and expense), payroll, financial statements and much more.

This accounting tutorial covers the same material as our classroom training and was designed to provide a solid foundation in accounting. After completing the video lessons, test your knowledge with the 3 comprehensive tests. We have also included a complete glossary of accounting terms for your easy reference.

We have incorporated years of classroom training experience and teaching techniques to develop an easy-to-use course that you can customize to meet your personal learning needs. Simply launch a video lesson or open one of the manuals and you’re on your way to mastering accounting.

What are the requirements?

  • None

What am I going to get from this course?

  • Video Lessons
  • Comprehensive Tests and Answers
  • Complete Glossary of Accounting Terms
  • Liability and Equity Accounts
  • Income and Expense Accounts
  • Accounts Receivable
  • Accounts Payable
  • Payroll
  • Financial Statements
  • Much More!

What is the target audience?

  • Anyone wanting to learn Small Business Accounting

What you get with this course?

Not for you? No problem.
30 day money back guarantee.

Forever yours.
Lifetime access.

Learn on the go.
Desktop, iOS and Android.

Get rewarded.
Certificate of completion.

Curriculum

Section 1: Introduction and Overview
Introduction to Accounting
Preview
01:17
Why Do I Need to Know Accounting?
Preview
01:41
Who Needs to Know Accounting?
Preview
01:56
Types of Businesses
04:26
Financial Statements
01:38
Section 2: What is Accounting?
Accounting vs. Bookkeeping
Preview
02:23
Accounting Methods
Preview
08:48
The Tax Year
01:53
Chart of Accounts
03:37
Section 3: Asset Accounts
Assets
Preview
04:58
Cash Accounts
Preview
00:32
Accounts Receivable
02:36
Inventory
05:05
Notes Receivable
01:48
Other Current Assets
00:29
Fixed Assets
01:32
Intangibles
01:02
Section 4: Liability and Equity Accounts
Liabilities
Preview
03:26
Accounts Payable
Preview
00:41
Accrued Expenses Payable
00:49
Notes Payable
01:09
Long-Term Liabilities
01:08
Officer Loans
00:46
Contingent Liabilities
01:04
Equity
04:13
Section 5: Income and Expense Accounts
Income Accounts
04:10
Expense Accounts
01:35
Section 6: Keeping Good Records
Keeping Good Records
01:52
Accurately Pricing Products and Services
01:04
Understanding Profit and Loss
00:40
Understanding Cash Flow
01:35
Working with Bankers
03:21
Understanding and Paying Taxes
02:08
Section 7: Accounting Basics
Identifying Expenses
01:24
The Double-Entry System
05:47
Double-Entry Accounting in Common Software
03:23
Section 8: The Accrual Principle
Understanding the Accrual Principle
00:36
Accrued Expenses and Accrued Liabilities
02:23
Accrued Revenues
02:16
The Matching Principle
01:15
Adjusting Entries
01:04
Section 9: Accounts Receivable
Accounts Receivable
04:46
Bad Debt
00:33
Section 10: Accounts Payable
Accounts Payable
02:51
Early Payment Discounts
01:16
Section 11: Making Basic Purchases
Making Purchases with Check, Cash or Credit
02:05
Section 12: Basic Banking
Making Deposits and Transfers
02:25
Reconciling Bank Accounts
03:04
Section 13: Fixed Assets
Depreciation
10:03
Selling a Fixed Asset
04:46
Section 14: Payroll
What is Needed to Start a Payroll?
02:01
Payroll Taxes
07:53
Payroll Tax Liabilities
02:05
Section 15: Financial Statements
Financial Statements
00:29
The Profit and Loss Statement
03:13
The Balance Sheet
02:52
The Statement of Cash Flows
02:40
Paper Trails, Audit Trails and Audit Reports
04:17
How Long Do I Need to Keep Records?
03:19
Prepare for Year-End
01:48
Section 16: Budgets
Why Create a Budget?
01:07
Budget Basics
03:55
Section 17: Financial Ratios and Quality Indicators
Financial Ratios and Quality Indicators
00:56
Liquidity
01:51
Safety
01:37
Profitability
03:01
Efficiency
02:37
Section 18: Where to Get Help
Where to Get Help
00:41
Finding an Accountant
02:29
www.irs.gov
01:54
Available Software
05:02
Small Business Administration
01:01
Small Business Associations
00:47
Section 19: Testing Materials and Glossary
Three Comprehensive Tests and Answers
19 pages
Glossary of Accounting Terms
21 pages

Students Who Viewed This Course Also Viewed

  • Loading
  • Loading
  • Loading

Instructor Biography

TeachUcomp, Inc., Quality Software Training

Founded in 2001, TeachUcomp, Inc. began as a licensed software training center in Holt, Michigan - providing instructor-led, classroom-style instruction in over 85 different classes, including Microsoft Office, QuickBooks, Peachtree and web design, teaching staff at organizations such as the American Red Cross, Public School Systems and the Small Business Association.

At TeachUcomp, Inc., we realize that small business software can be confusing, to say the least. However, finding quality training can be a challenge. TeachUcomp, Inc. has changed all that. As the industry leader in training small business software, TeachUcomp, Inc. has revolutionized computer training and will teach you the skills to become a powerful and proficient user.

In 2002, responding to the demand for high-quality training materials that provide more flexibility than classroom training, TeachUcomp, Inc. launched our first product - Mastering QuickBooks Made Easy. The enormous success of our first tutorial led to an ever-expanding product line. TeachUcomp, Inc. now proudly serves customers in over 80 different countries world-wide including individuals, small businesses, non-profits and many others. Clients include the Transportation Security Administration, NASA, Smithsonian Institution, University of Michigan, Merrill Lynch, Sprint, U.S. Army, Oracle Corporation, Hewlett-Packard and the U.S. Senate.

Our full-time staff of software training professionals have developed a product line that is the perfect solution for busy individuals. Our comprehensive tutorials cover all of the same material as our classroom trainings. Broken into individual lessons, you can target your training to meet your needs - choosing just the lessons you want (and having the option to watch them all if you like). Our tutorials are also incredibly easy to use.

You will listen and watch as our expert instructors walk you through each lesson step-by-step. Our tutorials also feature the same instruction manuals (in PDF) that our classroom students receive - and include practice exercises and keyboard shortcuts. You will see each function performed just as if the instructor were at your computer. After the lesson has finished, you then "toggle" into the application and practice what you've learned - making it the most effective interactive training solution to learn on your own.

Ready to start learning?
Take This Course