Business Owners MUST withdraw money from their company to live. They Must Invest their own personal money to create the business. Very often they must spend business money from non-business accounts or pay non- business personal expenses from the business bank account. These transactions are normal! You will learn how any company would record them in to QuickBooks. In this QuickBooks Desktop Course, you will learn and master every idea that relates to owner’s equity and transactions that involve owner’s equity accounts. QuickBooks will create these equity accounts in the chart of accounts. You will understand the meaning and reason for each of them. You will finally get a clear explanation about “opening balance equity” and “retained earnings” and how they are used in QuickBooks. You will also learn everything you need to know about “tax mapping” in QuickBooks. You will see how to change the company type as well as change the company tax form. The main focus of this course is to give the QuickBooks user an understanding of how to record transactions where the owner spends from his or her personal funds for business reasons or spends business funds for non- business reasons. You will also have a clear understanding of retained earnings and how it behaves in QuickBooks regarding the fiscal year end. It is easy and clear to do all of these things after taking this course. You will know the meaning of every different Company Type available in the QuickBooks Desktop set up. You will learn what each different equity type of account in QuickBooks, as well as general accounting, is used. The course is made with QuickBooks desktop for windows. However, the ideas apply to QuickBooks online as well as QuickBooks for Macintosh and Enterprise solutions. I'm right here for you if you have any questions or need support. I hope you learn well and enjoy the course! -Mark

During this course participants will be offered the opportunity to understand the basic principles of accounting. This course is split into five lectures. First we will go through the underlying principles of the accounting framework i.e. the basis of accounting as a whole. We will look at fundamental characteristics and enhancing characteristics of any financial report. The second lecture is all about VAT. Here we will look at what VAT entail, the different types of VAT and how to account for VAT. Next we will go through accounting for bank & cash and the importance of bank reconciliations. The fourth lecture is all about trade and other receivables and how to account, reconcile and disclosure trade debtors. The course is then finished off by going through the principles of trade and other payables.

The Statement of Cash Flows is often a challenge for financial professionals to prepare. This course describes the purpose of the statement, the elements that make up the statement, and a strategy on preparation. The course also walks its participants through the process of preparing a basic Statement of Cash Flows. This course serves as an overview for accounting and finance professionals who need to sharpen their fundamental understanding of the core financial statements and how they work together.

After completing the Accounting and Bookkeeping Essential Skills course: you will know double entry bookkeeping and be able to record double entry bookkeeping transactions you will be able to balance the bank nominal (general) ledger account you will know how a trial balance is produced you will know the composition of the nominal (general) ledger account you will know the composition of the sales ledger you will know the composition of the purchases ledger you will be able to enter transactions into the sales journal (sales day book) you will be able to enter the double entry transactions relating to credit sales you will be able to enter transactions into the purchases journal (purchases day book) you will be able to enter the double entry transactions relating to credit purchases you will be able to enter transactions into the sales returns journal (sales returns day book) you will be able to enter the double entry transactions relating to credit sales returns you will be able to enter transactions into the purchases returns journal (purchases returns day book) you will be able to enter the double entry transactions relating to credit purchases returns you will be able to prepare analysed subsidiary journals (subsidiary day books) you will be able to enter transactions into a cash book you will be able to balance a cash book you will be able to identify outstanding bank receipts (lodgements) in a cash book you will be able to identify outstanding (unpresented) cheques in a cash book you will be able to perform a bank reconciliation you will be able to prepare an Income Statement (Profit and Loss account) for a sole trader from a trial balance you will be able to prepare a Statement of Financial Position (Balance Sheet) for a sole trader from a trial balance

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