Basic Bookkeeping Hacks

How to easily get your accounting and bookkeeping done fast

What you'll learn:

• Keep better track of their revenues and expenses
• Understand the difference between Bookkeeping and Accounting

Learn the difference between Accounting and Bookkeeping. Discover how a good bookkeeping system can save you wasted hours and dollars. How to have aconversation 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
• Whatto do withyour 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