Professional Bookkeeping and Accounting 3 - Double Entry. A comprehensive course for those that need to record and account for transactions in a double - entry system. In This Course, You Will Learn How To Record And Account For Sales, Purchase and Bank Transactions Using Double Entry Accounting. Do you need to understand and record transactions using T accounts and double-entry? Can you prepare a Payable or receivables control account? Are you considering a career in Bookkeeping or Accounting? Are you studying for Professional Accounting or Bookkeeping exams? THEN REGISTER NOW Course Overview Section 1 of this course is an introduction section.  You will find details of the learning objectives, the activities and how to contact the instructor. In section 2, we will learn about the accounting equation and double entry.  We will also prepare for T-accounts. From the activities, you will get the opportunity to Prepare double-entry transactions Prepare and record transactions in T-accounts In section 3 we will record transactions from the sales day book and the sales returns day book to the Receivables control account, the general ledger and the memorandum ledgers.  From the activities, you will get the opportunity to Transfer sales and sales return transactions from the daybooks to the general ledger, memorandum accounts, and receivables control account In section 4 of this course, we will record transactions from the purchase and purchase returns prime books to the Payable's control accounts, the general ledger and the memorandum accounts.  From the activities, you will get the opportunity to Transfer purchase and purchase returns transactions from the daybooks to the general ledger, memorandum accounts and payable's control account In section 5 will record transactions from the bank and cash.  This will complete the receivables and payable's control account. After this we will look at closing the control accounts. Transfer the left and the right side of the cash books to the general ledgers Close the control accounts This course contains: Activities are used throughout this course and the answer from one activity leads into a later activity. Workbook to download Certificate of Completion REGISTER NOW and get started with Professional Bookkeeping and Accounting 3 - Double Entry! ******************************************************************************************* Your purchase is 100% RISK FREE with a 30 day money-back guarantee. If you don't learn anything new from this course, simply request a refund within your 30 day period for your money back, no questions asked.

I designed this course for students with no finance and accounting knowledge. In it, they will learn the very basics of bookkeeping, accounting, and finance. The learning is done through the formation of a startup company (a MAGIC company!) to make the accounting transactions more real and therefore easier to understand. Those familiar with accounting and finance can also gain by walking through the basics differently.

Are You An Accounting Manager, Controller or CFO? Do You Work In A Publicly Traded Company? Are You An Entrepreneur Who Plans To Take Your Company Public One Day? Does The Idea of Quarterly and Annual Audits Make Your Stomach Turn? Do You Want To Learn What Is Involved In An External Audit And How To Make It Painless? If You Answered "Yes" To Any Of The Above, Look No Further.  This Is The Course For You! *** Updated in January 2021 with new content! *** Enroll today and join the 100,000+ successful students I have taught as a Top Rated Udemy instructor! Three reasons to TAKE THIS COURSE right now: You get lifetime access to lectures, including all new lectures, assignments, quizzes and downloads You can ask me questions and see me respond to every single one of them thoroughly! You will are being taught by a professional with a proven track record of success! Bonus reason: Udemy has a 30 day 100% money back guarantee if for some reason you don't enjoy the course! Recent Review: Mark S. says: "Fantastic course with valuable information about the audit process.  Audits are never fun, but knowing how the process works and how you can facilitate it and work with your auditors really is a whole new approach and really is such great info. Learned a lot in this course that will make our quarterly and annual audits so much better." Why You Should Take This Course With Me: Does the idea of going through a year end financial audit seem intimidating?  Not knowing what to expect from the auditors, what they will ask, how long they will be at your office, how much it will cost, and more can be unsettling.  Fret not, I am here to alleviate your fears!  Auditors are people too, and knowing the audit process will help you understand exactly what is involved.  After this course, you will be empowered to handle your next external audit with ease! What We Do In The Course: Go step by step through the audit process Discuss the initial engagement, costs, timing and the engagement letter Review the planning phase, what is involved Discuss audit testing, what is tested, what auditors are looking for Review the account analysis process Understand what the auditors report means and the types of reports they may issue Discuss the finalization of the audit and what is required post audit And much more! We cover a lot of information in this course! At any point if you have a question, please feel free to ask through the course forum, I'd be happy to answer any and all questions. ***CLICK "BUY NOW" AND LEARN EVERYTHING ABOUT THE EXTERNAL AUDIT PROCESS FOR PUBLIC COMPANIES! *** About The Instructor Chris Benjamin, MBA & CFO is a seasoned professional with over 25 years experience in accounting, finance, financial reporting, small business and CRM systems.  Having spent the first 10 years of my career in corporate settings with both large and small companies, I learned a lot about the accounting process, managing accounting departments, financial reporting, external reporting to board of directors and the Securities and Exchange Commission, and working with external auditors. The following 10+ years I decided to go into CFO Consulting, working with growing companies and bringing CFO level experience to companies.  I help implement proper best business practices in accounting and finance, consult on implementation of accounting systems, implementing accounting procedures, while also still fulfilling the CFO roll for many of my clients which includes financial reporting, auditing, working with investors, financial analysis and much more. Thank you for signing up for this course on Udemy. I look forward to being your instructor for this course and many more! Chris Benjamin, Instructor, CFO & MBA

Master budget construction, including demonstration problems, excel worksheets, practice test questions, discussion questions, and a comprehensive problem we work together using Excel in a step by step format. The course will provide a managerial accounting overview, comparing managerial accounting and financial accounting, and providing essential managerial accounting tools we will need in the budgeting process. We will discuss methods of budget timing and the pros and cons of each technique. The course will discuss the characteristics and functions of the budget committee. We will discuss the components of a master budget and break it out into its parts, listing the order that those components need to be completed in. The course will discuss how to put together a sales budget and will also walk through a step by step process using preformatted Excel worksheets for learners to follow along with. We will discuss how to put together a production budget and will also walk through a step by step process using preformatted Excel worksheets for learners to follow along with. The course will discuss how to put together a materials budget and will also walk through a step by step process using preformatted Excel worksheets for learners to follow along with. We will discuss how to put together a direct labor budget and will also walk through a step by step process using preformatted Excel worksheets for learners to follow along with. The course will discuss how to put together a factory overhead budget and will also walk through a step by step process using preformatted Excel worksheets for learners to follow along with. We will discuss how to put together a general and administrative budget and will also walk through a step by step process using preformatted Excel worksheets for learners to follow along with. The course will discuss how to put together a cash budget and will also walk through a step by step process using preformatted Excel worksheets for learners to follow along with. We will discuss how to put together a budgeted cost of goods manufactured statement and will also walk through a step by step process using preformatted Excel worksheets for learners to follow along with. The course will discuss how to put together a budgeted cost of goods sold statement and will also walk through a step by step process using preformatted Excel worksheets for learners to follow along with. We will discuss how to put together a budgeted income statement and will also walk through a step by step process using preformatted Excel worksheets for learners to follow along with. The course will discuss how to put together a budgeted balance sheet and will also walk through a step by step process using preformatted Excel worksheets for learners to follow along with. We will also go over a comprehensive problem in Excel so we can see all the components of the master budget and work through them in one place.

This course will use free accounting software which is an excellent tool to practice with. This course will jump right into bank feeds and how to use them. Many accounting software courses will spend a lot of time talking about how a full-service accounting system works. We do recommend spending time learning the full accounting process, and we do have courses that do just that. However, many small businesses want to get right down to data input as fast as possible, and others already have a good understanding of the system and want to focus specifically on bank feeds. We will focus on bank feeds in this course. For example, some small businesses may be perfectly happy using a cash basis system and will, therefore, not need some of the functions used in a full accounting cycle. Businesses that use a cash basis model can structure their data input to be much more heavily dependent on the bank and bank feed data. We will discuss types of businesses that fit well into a cash basis model as we work through the practice problems. We will also discuss some problem areas many businesses have and how to set up a system that works for them. This course will work through a practice problem and will provide test data that learners can use in their system to follow along if they choose.

WAVE Accounting / Bookkeeping software - Computerised Accounts course is about how to use WAVE based on the most popular functions which you as a WAVE operator needs to know how to use, in order to be proficient in using the software. The learning is structured in a practical way. You are given a practical scenario assignment. There are various tasks to complete. You are given the task to do and have a go at, and then the video answer is available. It is suggested that you: Read the task Watch the video Have a go at it yourself on your own system Rewatch the video (if necessary) - to reinforce the learning You'll learn how to set up a Tally accounting system from scratch, how to enter opening balances, post customer invoices and credit notes, post supplier bills and credit notes, pay suppliers, petty cash, prepare a VAT return, reconcile the bank, post journals, run reports amongst over things. This is a useful course if: You are thinking of working with the software, You are going for jobs which have a requirement for you to be able to use this software You want to put this skill on your CV, or You are a bookkeeper or accountant and will be using this for clients or even You run your own business and want to know how to use WAVE for yourself. You will need to have access to WAVE. You can sign up to the WAVE site to get a free trial. We give you the link in lecture one and show you how to do this. The instructor is usually online to answer student queries for 2 hours each day. The course materials includes the handout of the assignment task. Successful completion of the course is the equivalent to being at the level of having a level 2 certificate in computerised accounts. The course will take about 3-4 hours to complete.

What is Accounts Payable (AP) Workflow? How is it different from a Document Management system? The differences between the two are explored in this course. Discover the different functionality AP Workflow systems can supply including Purchase Order validation, confirmation of account coding and compliance to company specific approval and other business rules. In this accounts payable training you will learn what due diligence should be performed by the company to identify, and then record, requirements for an Accounts Payable Workflow system. Discover who should be on the steering committee and project teams. And since an Accounts Payable Workflow tool is not just about Accounts Payable, this discussion will include the role of IT throughout the implementation process. We will also identify the groups of employees who will need access to the system and others who may benefit by being set up as users. Change management is key in implementing any new system. Discover the steps needed to communicate such an implementation to vendors and to any employees who are involved in the Procure to Pay Work Stream, receive invoices directly from vendors today, or have invoice approval responsibilities.

This accounts receivable training covers the proper accounting for receivables and related issues surrounding uncollectible accounts/bad debts. A brief discussion of the direct write-off method will explain why the allowance method is the better approach. The subtle differences between the Balance Sheet approach vs. the Income Statement approach are presented. Additionally, simple interest on notes receivable are calculated and detailed examples are provided.

Accounting is important in our day to day life. When small businesses can’t afford accounting software, they keep their daily business record on excel. This course has developed a simple method where business can have all their data on excel without using any complicated excel workbooks. Simple Steps Learning core principle is to develop courses with simple and straightforward approach with easy understanding. This course would explain to you what is double entry bookkeeping, and how it works in practical life. You would learn five important steps which will in the end produce your business profit and loss account and balance sheet. These five steps contain day book, journal entry, trial balance, profit and loss account and balance sheet. There is no other simple way than this for your daily bookkeeping and accounts preparation. I hope you would learn new skills which will be beneficial for life! Please note some tasks are repeated for extra 15 minutes. You can skip as per your need. All the best Simple Steps Learning

This course enables to understand basic concept of Depreciation on Fixed assets. It covers the various methods of calculating depreciation - Straight Line Method (SLM), Reducing Balance Method (RBM)/ Written Down Value Method (WDV), Sum of Years Digit Method and Annuity Method and corresponding accounting treatment i.e Passing of Journal Entries and Posting of Journal Entries in respective Ledger accounts.