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Bookkeeping Basics #1: Understand the Fundamentals

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Ron Trucks

4:32:17

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  • 1 - AccountingToolscom Dictionary.txt
  • 1 - Bookkeeping Basics Facebook Group.txt
  • 1 - Glossary.pdf
  • 1 - Introduction Course Overview.mp4
    06:56
  • 1 - bsnsAtlas Resources Page.txt
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  • 2 - Bookkeeping Basics 2 Understand the Mechanics for 999.txt
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  • 2 - Introductions and OffCourse Resources.mp4
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  • 2 - bsnsAtlas Resources Page.txt
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  • 3 - Even If Youre Not A Business Owner.mp4
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  • 4 - Tips for the Experience.mp4
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  • 1 - CPE Review Quiz Section 2.html
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  • 5 - bsnsAtlas Resources Page.txt
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  • 6 - NS-Why-Worry-About-The-Money.pdf
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  • 8 - Four-Bsns-Types.pdf
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  • 14 - NS-Transactions.pdf
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  • 18 - How Are You Actually Making Money.mp4
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  • 19 - Invoices Receipts & Statements Oh My.mp4
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  • 22 - NS-Not-All-Money-Coming-In-Is-Income.pdf
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  • 23 - NS06A-What-Are-Expenses.pdf
  • 23 - What Are Expenses.mp4
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  • 24 - NS-Cost-of-Goods-Sold.pdf
  • 24 - What Does It Cost To Make or Acquire The Product COGS.mp4
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  • 25 - NS-Organizing-Expenses.pdf
  • 25 - Organizing the Expenses.mp4
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  • 26 - The Stamp.mp4
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  • 27 - Section Intro.mp4
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  • 28 - Its Just Stuff Assets.mp4
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  • 29 - Can You Break A 100 Bill Asset Shift.mp4
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  • 30 - NS-Liabilities.pdf
  • 30 - The Company Owes WHAT Liabilities.mp4
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  • 31 - But Whats Really MINE Equity.mp4
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  • 31 - NS-Equity.pdf
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  • 32 - NS-Accounts-Payable.pdf
  • 32 - Put It On My Tab Accounts Payable.mp4
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  • 33 - NS-Accounts-Receivable.pdf
  • 33 - You Want To Pay When Accounts Receivable.mp4
    08:43
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  • 34 - NS-Bad-Debt-and-Collections.pdf
  • 34 - What If They Dont Pay.mp4
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  • 35 - How Are You Doing and How Do You Know.mp4
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  • 36 - Cash Reporting versus Accrual Reporting.mp4
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  • 36 - Investopediacom Definition Cash Basis vs Accrual Basis.txt
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  • 37 - Am I Making Any Money P&L Report.mp4
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  • 37 - NS-Profit-and-Loss-Report.pdf
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  • 38 - NS-Balance-Sheet.pdf
  • 38 - Where Do I Stand Right Now The Balance Sheet.mp4
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  • 39 - Am I Worth Anything The Owners Equity Reports.mp4
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  • 39 - NS-Statement-of-Owners-Equity.pdf
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  • 40 - NS-Receivable-and-Payable-Reports.pdf
  • 40 - Whats Owed To Me and By Me The AP and AR Reports.mp4
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  • 42 - Mileage Tracking.mp4
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  • 42 - NS10B-Mileage-Tracking-Revised-2020-06-19.pdf
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  • 43 - NS-Terms-and-Cash-Discounts.pdf
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  • 44 - NS-Trade-Discounts.pdf
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  • 45 - NS-Shipping-and-Freight.pdf
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  • 47 - Top 10 Mistakes Small Businesses Make.mp4
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  • 48 - Top 6 Tips For Good Bookkeeping.mp4
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  • Description


    Learn bookkeeping terms and concepts to make owners, employees & students more confident and successful!

    What You'll Learn?


    • Understand the basics of bookkeeping helping business owners and managers feel more confident

    Who is this for?


  • This course is designed for both new and established small business owners and managers who may be strong in their own fields but want a better understanding of the basic concepts of tracking their company finances as well as students beginning the journey of learning bookkeeping.
  • A stronger grasp of these basics concepts helps every area of business from communicating with their CPA's/tax advisors to making better decisions for the company and employees; to students learning to communicate with their instructors.
  • What You Need to Know?


  • As long as you know how to add and subtract (or can use a calculator!), you're ready to begin!
  • More details


    Description

    As a business owner, entrepreneur, employee or student you may be great in your field but that doesn't mean you're strong in every area of running a business...

    • A great chef may be incredible in the kitchen...

    • An award-winning body builder can help the most out of shape person...

    • A talented web designer or graphic artist may create unbelievable designs...

    But when it's time to balance the checkbook or talk to the CPA at tax time, it feels like it's a completely different language you've never learned!

    Using simple, easy-to-understand discussion, illustrations and note sheets, this 4.5 hour course with over 50 video lessons teaches you the basic building blocks of how money is tracked and what that means to your business or project.

    Everyday examples using common phrases and terms you already know allows the instructor to teach that "other language" and for you to feel more confident in working with vendors, customers, employees, investors, instructors and more!

    After completing the course, students will feel more confident and knowledgeable on topics such as...

    • What is Income and how do you track it?

    • Which types of Expenses can be claimed by your business

    • The difference between Assets, Liabilities and Equity

    • The Five W's of Bookkeeping

    • Transactions, The Fundamental Financial Equation and Charts of Accounts

    • Accounts Receivables and Accounts Payables

    • Reading Financial Reports

    • Business Odds and Ends such as Mileage Tracking, Credit Terms, Shipping and Freight, Trade Discounts

    • The Top 10 Mistakes Small Businesses Make

    • The Top 6 Tips for Good Bookkeeping

    CPE (Continuing Professional Education)

    CPE Learning Objectives

    1. Recognize the difference and the importance of tracking personal finances separately from business finances.

    2. Identify the primary four types of business structures in the United States.

    3. Define “transaction” as it is used by non-accounting professionals in the small business world.

    4. Differentiate between revenue and other types of funds received by a business.

    5. Explain the difference between Cost of Goods Sold (COGS) and other types of small business expenses (overhead).

    6. Explain the differences between Assets, Liabilities, and Equity.

    7. Identify the difference between Accounts Receivable and Accounts Payable.

    8. State the different information included in Income Statements, Balance Sheets, and A/P & A/R Aging reports.

    9. List common mistakes small business make in bookkeeping activities.

    For additional information, including refunds and complaints, please see Udemy Terms of Use, which is linked from the footer of this page.

    For more information regarding administrative policies, please contact our support using the Help and Support link at the bottom of this page.

    Who this course is for:

    • This course is designed for both new and established small business owners and managers who may be strong in their own fields but want a better understanding of the basic concepts of tracking their company finances as well as students beginning the journey of learning bookkeeping.
    • A stronger grasp of these basics concepts helps every area of business from communicating with their CPA's/tax advisors to making better decisions for the company and employees; to students learning to communicate with their instructors.

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    Over 25 years ago, after building his experience in the hospitality industry and working with business start-ups around the country, Ron Trucks founded his privately owned firm guiding and coaching small businesses and non-profit organizations in a wide variety of fields and industries both in his hometown of St. Louis, MO and across the country.In addition to his professional work in small-business support, Ron has also been an Business Management adjunct instructor at Jefferson College in Hillsboro, MO for over 15 years.Over those two-plus decades of both teaching and coaching small businesses and non-profit organizations, Ron has served on various boards and in many volunteer positions including the Board of Directors of a $500 million dollar credit union, developing leadership skills with members of national fraternities and sororities, and working with troubled youth dealing with identity and self-confidence issues.
    Students take courses primarily to improve job-related skills.Some courses generate credit toward technical certification. Udemy has made a special effort to attract corporate trainers seeking to create coursework for employees of their company.
    • language english
    • Training sessions 51
    • duration 4:32:17
    • English subtitles has
    • Release Date 2024/04/29