Bookkeeping Classes 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
- Withholdings
- 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