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Monday, October 10, 2016
Monday, October 24, 2016
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Monday, December 19, 2016
Numbers! Numbers! Numbers! Wherever you go you are bound to see them. On addresses, license plates, phones, prices, and, of course, money! Numbers connect us all to each other in many more ways than we might imagine. Essentially, our world revolves around numbers.
Bookkeeping is the recording of financial transactions. Transactions include sales, purchases, income, receipts, and payments by an individual or organization. Bookkeeping is usually performed by a bookkeeper. Many individuals mistakenly consider bookkeeping and accounting to be the same thing. This confusion is understandable because the accounting process includes the bookkeeping function, but bookkeeping is just one part of the accounting process. Most small business owners do their own bookkeeping reducing the charges they incur from their accountant. The accountant creates reports from the recorded financial transactions provided by the bookkeeper and files forms with government agencies.
Have lots of sharp pencils on hand and be prepared to do some serious bookkeeping because we will be doing a month's worth of books for our imaginary company. The Basic Bookkeeping Class and some practice will provide you with the skills necessary to do the books for a small company.
Module One: Basic Terminology
Module Two: Accounting Methods
Module Three: Keeping Track of the
The General Ledger
Module Four: Understanding the
The Accounting Equation
Types of Assets
Types of Liabilities
Module Five: Other Financial
Income or Profit and Loss Statement
Cash Flow Statement
Budget vs. Actual
Module Six: Payroll Accounting and
Employee Tax Withholding’s
Employer Tax Expenses
Tracking Accrued Leave
Government Payroll Returns/Reports
Module Seven: End of Period
Depreciating Your Assets
Working with the Trial Balance
Posting Adjustments and Corrections