Course Description
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:
You will learn:
- Ethics and Rules
- Types of business organizations: proprietorship, partnership, corporation, C-corp, S-corp, LLC.
- Basic terminology
- Accounting concepts and principles
- 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
- Assets – economic resources owned by the business
- Liabilities – creditor’s claim to the asset
- Owner’s Equity – owner’s claim to the assets
Course Details
Accounting Concepts and Principles
Assets
Balance Sheet
Basic Software Hacks
Basic Terminology
Business Credit Cards
Cash Flow Statement
Difference between accounting and bookkeeping
Ethics and Rules
Help Your Fellow Students
HST
Income Statement
Introduce Yourself
Introduction
Liabilities
Next Steps
Organizing vs Procrastinating
Owner’s Equity
Sample Transactions
Section 1: Introduction
Section 2: Bookkeeping vs. Accounting
Section 3: Accounting Equation – Assets – Liabilities = Owner’s Equity
Section 4: Types of Statements
Section 5: Bookkeeping Secrets Revealed
Section 6: Sample Transactions
Section 7: Wrap Up
Section 8: Canadian Bonus Strategy
Separate Business and Personal Bank Accounts
Summary
Talking With Your Accountant or Banker
Types of Business Organizations
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