Basic Bookkeeping Hacks

Course details

Learn the difference between Accounting and Bookkeeping. Discover how a good bookkeeping system can save you wasted hours and dollars. How to have a conversation with your banker and accountant.

You will learn:

• Ethics and Rules
• Types of business organizations: proprietorship, partnership, corporation, C-corp, S-corp, LLC.
• Basic terminology
• Accounting concepts and principles

In this course, we share how you can make your bookkeeping tasks easier. 

• Set up a separate business bank account
• How to separate your personal and  business transactions
• Basic software that can save you time and money
• What to do with your receipts

Furthermore you will learn some basic accounting terminology to help you organize your accounting information, including:

• Assets - economic resources owned by the business
• Liabilities - creditor's claim to the asset
• Owner's Equity - owner's claim to the assets