Learn the fundamentals of bookkeeping in this comprehensive course
This practical course will provide you with an insight and appreciation into why bookkeeping is one of the cornerstones of running a good business. Cloud-based accounting can make the job much easier, but without an understanding of the fundamentals first you may quickly find yourself in a mess. Learn how a business can organise its transactions using the double entry bookkeeping system, giving you the ability to produce financial reports which enable the business owner to make accurate and timely financial decisions.
Bookkeeping course contents
An understanding of basic bookkeeping concepts and terminology
Work through practical examples and learn how to organise your transactions into:
- Business transactions
- T accounts
- Trial Balance
- Profit and Loss
- Balance Sheet
Learn how to do a Bank reconciliations
Learn how to setup and administer a petty cash Imprest System
An introduction to:
- What is the ATO Tax System – ABN & GST
- What is a Tax invoice
- Work through examples with GST transaction which take you all the way through to lodging a Business Activity Statement with the ATO
Cash & accrual introduction & what is the difference between the two
Subsidiary Records explained and some examples including Debtors & Creditors
Record Keeping and some tips to help you set up your filing system
An introduction to payroll including how to on-board a new employee and what documents you need and what information should you gather.
An introduction to bookkeeping in the cloud – what are your choices from the software companies.
** As part of this course you will receive a copy of Bookkeeping for Dummies (2nd Australian & New Zealand edition, R.R.P $39.95)
Who is this course suited for?
People interested in a potential career in bookkeeping and aren’t sure where to start
Business owners who wish to manage their own bookkeeping but do not know how, or wish to be better informed when dealing with their own bookkeeper and accountant.
People considering (or using) cloud based bookkeeping packages but do not understand the underlying bookkeeping fundamentals.
What should I bring on the day?
Please bring along a pen and paper (or laptop) to each session. A calculator is also handy although most smartphone calculator apps will suffice.