Bookkeeping & Financial Reporting for Small Business Owners

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About Course

A practical bookkeeping course for small business owners; set up and run QuickBooks Online (with Wave as a free alternative), record transactions correctly, reconcile accounts, read the three core financial statements, and prepare for tax season, all through real, live software screens.

What Will You Learn?

  • Set up a chart of accounts and choose between cash and accrual accounting
  • Connect bank feeds, categorize transactions, and create bank rules
  • Reconcile bank and credit card accounts correctly, every month
  • Read and explain a Profit & Loss statement, Balance Sheet, and Cash Flow Statement
  • Build a simple budget and understand payroll and sales tax basics
  • Prepare clean books for tax season and work productively with an accountant

Course Content

Bookkeeping Foundations & Getting Set Up
This coveres the following lessons: What Bookkeeping Actually Is, Cash vs. Accrual Accounting, Choosing Your Tool, Setting Up QuickBooks Online.

  • What Bookkeeping Actually Is
  • Cash vs. Accrual Accounting
  • Choosing Your Tool
  • Setting Up QuickBooks Online
  • Bookkeeping Foundations & Getting Set Up

Recording Day-to-Day Transactions
This covers the following lessons: Connecting Bank & Credit Card Feeds, Categorizing Transactions & Bank Rules, Invoicing Customers, Recording Expenses & Bills

Reconciliation & Accuracy
This covers the following lessons: Why Reconciliation Matters, Running a Bank Reconciliation, Fixing Common Reconciliation Errors, Keeping a Clean Chart of Accounts

Understanding Financial Statements
This covers the following lessons: The Profit & Loss Statement Explained, The Balance Sheet Explained, The Cash Flow Statement Explained, Running & Reading Reports in QuickBooks.

Budgeting, Payroll Basics & Sales Tax
This covers the following lessons: Building a Simple Business Budget, Payroll Basics, Sales Tax Basics, Setting Up a Budget in QuickBooks.

Working with an Accountant & Tax Season (Capstone)
This covers the following lessons: What to Prepare Before Tax Season, Working with an Accountant or Bookkeeper Effectively, Common Bookkeeping Mistakes Small Business Owners Make.

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