Bookkeeping Training Class

Learn bookkeeping in-person or online in this one-day class.

  • In Bookkeeping Training Class, you will learn how to record a company’s financial transactions to enable the company to track all information on its books to make key operating, investing, and financing decisions.
  • Learn from a professional with 30+ years business experience.
  • Four ways to learn: public classwebinarself-study, or on-site training.
  • Public class and webinar limited to four students for maximum learning.
  • Certificate issued on completion.
  • Cost: One day class $649.00.  Available discounts.
  • Public class and webinar schedule is in the right column.In

Bookkeeping Training Class Description

When you first get started in business, you may hear the terms bookkeeping and accounting thrown around almost interchangeably. However, these terms do not mean the same thing. Small businesses have both bookkeeping and accounting functions.

Bookkeeping is the process of recording and maintaining the record of all financial transactions of a company. Transactions include sales, purchases, income, receipts, and payments by an individual or organization. A bookkeeper usually performs the bookkeeping tasks. Proper bookkeeping gives companies a reliable measure of their performance. It also provides information on general strategic decisions and a benchmark for its revenue and income goals. In short, once a business is up and running, spending extra time and money on maintaining proper records is critical. Most small business owners do their bookkeeping, reducing the charges they incur from their accountant.

The accountant creates reports from the bookkeeper’s recorded financial transactions and files forms with government agencies. The accounting function prepares a record of the financial affairs of the company. Accounting also includes the interpretation of the bookkeeper’s numbers to determine the firm’s financial health. It also consists of the presentation and financial health and control functions of the company through various statements.

In most businesses, the bookkeeper operates under the accountant. In small businesses, the accountant may be the owner or Chief Financial Officer (CFO), or the accounting function may be outsourced. In some small businesses, the bookkeeping and accounting functions are both outsourced.

Basic Terminology

In Module One, you will learn a big part of understanding a business’s bookkeeping consists of nothing more than learning the language. Once you’re familiar with basic terms, you’ll be well prepared to make sense of basic written reports and better able to communicate with others about important financial information. You’ll also be well-positioned to cope with a common business problem: the imprecise or even wrong use of financial terminology.

Accounting Methods

In Module Two, you will learn about the accounting methods, cash and accrual.

Keeping Track of the Business

In Module Three, you will learn the ins and outs of accounts payable, accounts receivable, the journal, and the general ledger.

Understanding the Balance Sheet

In Module Four, you will learn the accounting equation, double-entry accounting, types of assets, types of liabilities, and equity.

The balance sheet will help provide balance to your business. It helps keep everything organized and on point. One of the worst things in accounting is not being organized. So, don’t treat your balance sheet like your sock drawer at home or that mysterious junk drawer in your kitchen no one wants to organize.

A balance sheet is a financial statement that shows the assets, liabilities, and owner’s equity at a specific point in time. Assets and liabilities are usually listed first, followed by equity, which is the difference between the assets and the liabilities. The balance sheet will ultimately provide a snapshot of the company’s current financial condition.

Other Statements

In Module Five, you will learn about the income statement, cash flow statement, capital statement, and budget versus actual. These terms all involve money or the use of money in some form. When we are finished, you will better understand how these methods will help your business run more efficiently. You’ll be swapping accounting terms with that hotshot accountant friend of yours in no time.

Payroll Terminology

In Module Six, you will learn the many terms that involve dealing with your business’s financial aspects. We will also be discussing the accounting methods and terms used about your employees by briefly going over the following terms: gross wages, net wages, employee tax withholdings, employer tax expenses, salary deferrals, employee payroll, employee benefits, tracking accrued leave, and government payroll returns and reports.

End of Period Procedures

In Module Seven, you will learn about depreciating your assets, reconciling cash, reconciling investments, working with the trial balance, bad debt, as well as posting adjustments and corrections.

Have lots of sharp pencils on hand and be prepared to do some serious bookkeeping because we will be doing a month’s worth of books for our imaginary company. This bookkeeping class and some practice will provide you with the skills necessary to do the books for a small company. 

Bookkeeping Training Class Outline

Module One: Basic Terminology

Module Two: Accounting Methods

Cash Method
Accrual Method

Module Three: Keeping Track of the Business

Accounts Payable
Accounts Receivable
The Journal
The General Ledger
Cash Management

Module Four: Understanding the Balance Sheet

The Accounting Equation
Double-Entry Accounting
Types of Assets
Types of Liabilities
Equity

Module Five: Other Financial Statements

Income or Profit and Loss Statement
Cash Flow Statement
Owners’ Equity
Capital Statement
Budget vs. Actual

Module Six: Payroll Accounting and Terminology

Gross Wages
Net Wages
Employee Tax Withholding’s
Employer Tax Expenses
Salary Deferrals
Employee Payroll
Employee Benefits
Tracking Accrued Leave
Government Payroll Returns/Reports

Module Seven: End of Period Procedures

Depreciating Your Assets
Reconciling Cash
Reconciling Investments
Working with the Trial Balance
Bad Debt
Posting Adjustments and Corrections

What Bookkeeping Training Class Students Are Saying...

Most Recent Student Evaluations

Covers a lot of material.
J. P.
Batavia, OH

5/5

The instructor had lots of exercises which put the information into application. The instructor was very patient and willing to answer any questions or concerns.
C. H.
Franklin, OH

5/5

The class was very helpful.
B. J. K.
Fort Thomas, KY

5/5

Bookkeeping Training Class Public Class and Webinar Schedule

Monday, January 18, 2021
Monday, February 22, 2021
Monday, March 22, 2021
Monday, April 26, 2021
Monday, May 17, 2021
Monday, June 28, 2021

Scheduled dates don’t work for you? Schedule your own start date (subject to availability).  Contact customer service to check date availability at info@academyofbusinesstraining.com.

Each Student Receives:

  • student manual or textbook for use during and after the class.
  • Instruction from an experienced business professional (minimum of 30 years) with at least five years in a corporate senior management position (CEO, President, COO, Vice President, CFO).
  • Real life exercises to support training materials.
  • Individual attention (classes are limited to four students).
  • Personalized Certificate of Completion