Basic Bookkeeping Training

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A company's growth means that it needs to be able to manage its finances more efficiently and ensure that they are directed towards long-term, more productive goals. Superior bookkeeping is the first step in achieving these goals. It allows companies to evaluate their financial health and keep their finances solvent in the most extreme situations. This also helps them plan their future goals. bookkeeping provides companies with additional information about their overall financial state. If bookkeeping isn’t prioritised, companies won’t be able to answer basic questions like "Are our earnings any money?" There are many ways to accomplish this end. Some bookkeepers might keep a lot of paperwork in order to order their company's finances, while others may use strictly technological methods to protect their data. While some companies prefer to hire independent agencies, others want their records to be kept in-house. It is important that records are kept safe and accessible.

Bookkeeping can be a huge benefit to businesses. They help to keep companies solvent, assess their financial health, and allow them to make informed decisions about future strategies. This is why we believe it is a crucial topic that should be discussed. Our team of experts has created a training course to help participants keep track of expenses, learn about the legal aspects of bookkeeping, and improve their decision-making skills.

Bookkeeper training courses should help bookkeepers to be more efficient in their job so the company doesn't lose business due to inefficient bookkeepers. By learning the various aspects of bookkeeping, you will be able manage your time more effectively and increase productivity at work. We can also design customised training courses for you and your team so that you can focus on specific needs. We are happy to provide any additional information regarding our services.

Australia-wide training solutions in Brisbane. Sydney. Parramatta. Gold Coast. Perth. Adelaide. Darwin.

Basic Bookkeeping Training Outline

Lesson 1

Course Overview

• Workshop Objectives

Lesson 2

Basic Terminology (I)

• Balance Sheet
• Assets & Liabilities
• Equity
• Income Statement
• Revenue
• Cost of Goods Sold
• Expenses
• Accounting Period
• Case Study
• Review Questions

Lesson 3

Basic Terminology (II)

• Accounts Receivable
• Accounts Payable
• Depreciation
• General Ledger
• Interest
• Inventory
• Journals
• Payroll
• Trial Balance
• Case Study
• Review Questions

Lesson 4

Accounting Methods

• Cash Method
• Accrual Method
• Differences between Cash and Accrual
• Case Study
• Review Questions

Lesson 5

Keeping Tabs on Your Business

• Accounts Payable
• Accounts Receivable
• The Journal
• The General Ledger
• Cash Management
• Case Study
• Review Questions

Lesson 6

Understanding the Balance Sheet

• The Accounting Equation
• Double-Entry Accounting
• Types of Assets
• Types of Liabilities
• Equity
• Case Study
• Review Questions

Lesson 7

Additional Financial Statements

• Income Statement
• Cash Flow Statement
• Capital Statement
• Budget vs. Actual
• Case Study
• Review Questions

Lesson 8

Payroll Accounting / Terminology

• Gross & Net Wages
• Employee Tax Withholding’s
• Employer Tax Expenses
• Salary Deferrals
• Employee Payroll
• Employee Benefits
• Tracking Accrued Leave
• Government Payroll Returns/Reports
• Case Study
• Review Questions

Lesson 9

End of Period Procedures

• Depreciating Your Assets
• Reconciling Cash
• Reconciling Investments
• Working together with the Trial Balance
• Bad Debt
• Posting Adjustments and Corrections
• Case Study
• Review Questions

Lesson 10

Financial Planning, Budgeting and Control

• Reasons for Budgeting
• Creating a Budget
• Comparing Budget to Actual Expenses
• Case Study
• Review Questions

Lesson 11

Auditing

• What is an Audit?
• When and Why Would You Audit?
• Internal
• External
• Case Study
• Review Questions

Lesson 12

Wrapping Up

• Words from the Wise