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:
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
What to do with your 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
In this course you’ll learn,
Keep better track of their revenues and expenses
Understand the difference between Bookkeeping and Accounting