Bookkeeping Basics

Bookkeeping is an essential part to any business. All businesses need to have some kind of system in place to track their income and expenses. This course will teach you all you need to know about accounting and how it allows you to make powerful financial decisions.

If you are a business owner, bookkeeper or a soon to be business owner or bookkeeper this course is great for you. There are many bookkeepers who don't understand accounting terminology and concepts. Because of this they make lots of errors recording transaction, which leads to incorrect financial statement, and inaccurate business decisions.

We realize that many individuals need to learn basic accounting, but don't have the time to attend a 2 or 4 year college degree program. We took our years of accounting experience, working with over 100 different businesses and created a series of lessons that teaches individuals or businesses the correct bookkeeping processes.

Students will learn:

• Difference between a bookkeeper and an accountant.
• How to create an efficient filing system to track your finance.
• Difference between an income statement and balance sheet.
• What are the different types of company formations, such and LLC, Corporation, sole proprietorship, and partnership.
• How transaction are recorded in a double entry bookkeeping system.
• What exactly are debits and credits?
• How to handle depreciation of a fixed asset.
• What are a business expenses, and how to maximize your deduction at tax time.
• Understanding how to conduct a payroll and the different types of payroll forms.
• How to handle an inventory base business and the different types of valuation methods.
• Different types of tax forms all business owners and bookkeeping should know.

Course Topics:

• Lesson 1: Bookkeeping Job Titles, Duties, and Responsibilities
• Lesson 2: Organization and Bank Accounts
• Lesson 3: The Balance Sheet Accounts
• Lesson 4: The Profit & Loss Accounts
• Lesson 5: Working Within the Bookkeeping System
• Lesson 6: Cash Receipts and Sales Tax
• Lesson 7: Credit Sales and Customer Information
• Lesson 8: Inventory Control, Vendors, and Credit Terms
• Lesson 9: Paying the Bills
• Lesson 10: Updating and Balancing the Checkbook
• Lesson 11: Employees, Wages, and Taxes
• Lesson 12: Gross Payroll and Deductions
• Lesson 13: Payroll Tax Reports and Payments
• Lesson 14: Wage Earners and the Self-Employed
• Lesson 15: Closing the Books at the End of the Month
• Lesson 16: Issuing Financial Statements
• Lesson 17: Closing the Books at the End of the Year
• Lesson 18: Individual Tax Returns
• Lesson 19: Business Taxpayers
• Lesson 20: Computerized Bookkeeping Programs

What does the Bookkeeping Basics training course include?

• The most flexible schedule. We have weekday, evening and weekend courses available.
• The only comprehensive bookkeeping course in New York City.
• Bookkeeping Certificate at the end of the course.
• Most hands-on training class in New York City.
• Small classes
• FREE retake for up to 6 months.Come back and retake our course, free of charge for up to 6 months from your original course date.
• Conveniently located in Midtown Manhattan, 2 blocks from Penn Station.
• Free course retake within 6 months.
• Training Manual included in price.

FAQ

Is this an online or a live classroom training?

This class is a live classroom training in New York City.

Would I get a certificate after completing the class?

Yes you will get a certificate of completion at the end of the class.

Is the training manual included?

Yes the course fee includes a training manual.

Will this course prepare me to pass the QuickBooks User Certification?

Yes, this class will help you to prepare pass the QuickBooks Certified User Exam.