The course is about how to read a Profit & Loss Account and Balance Sheet. Learn how to read the numbers for both a business and for individuals i.e. yourself. The principles are still the same and this is what this course teaches you. We cover terminology such as profit, loss, income, expenses, assets, liabilities and net assets and net cashflow. If you have to read the numbers on accounting reports, or indeed if you want to read your own financial report card to understand what it means and what is going on, then this course is for you. There's a video to explain each concept, and the course materials includes an example of a Profit & Loss account and a Balance Sheet and one to download for you to be able to fill in personally. The course will take approx 1 hour to complete. It's an ideal course if you are working in the accounts / finance department and/or if you are thinking of embarking on a career in accountancy or bookkeeping and part of your requirement is to produce the accounts and report back to the owners of the firm. If you are thinking of starting your own business and want to understand what your figures mean and whether or not your business is doing well, and how you can improve upon those numbers, then this course is for you. We explain the material and then you get an opportunity to fill out your own financial report card for yourself (hence you will need to get access to your bank statements). This course is useful for everyone who has any money coming into or out of their bank account. Its important to be able to read your own figures, because this indicates how financially healthy you are. Your balance sheet is an immediate snapshot, and we'll show you how you can read the numbers to know whether things are good, or bad, and how you can improve the picture.

This course will assist those who want to: - Grasp the basic principles of accounting, and understand how to record business transactions in the accounting information systems using Journal entries (debits and credits) - Understand financial statements, and the significant role they play in every organization. - Understand the integration of all six steps of the accounting process, and the importance of accurately recording all business transactions using this process.

Bookkeeping is the recording of financial transactions, and is part of the process of accounting in business. whereas  accounting or accountancy is the measurement, processing, and communication of financial information about economic entities such as businesses and corporations.So to record and measure general-purpose financial statements, several guidelines that are understood by both the accountants who prepare them and the users of such reports should be followed. So we have designed this best selling course which will give a broad idea on various fundamentals of accounting (Accounting Basics) that will make your accounting base stronger. This course is designed in a very easy to understand and logical format. Requirements No prior experiences is necessary. We believe that anyone can learn accounting with a proper guidance! -What you will learn? 1. Basic of accounting. 2. Introduction to bookkeeping and accounting. 3. Fundamentals of Accounting. 4. 14 important principles and conventions of accounting. 5. Common terms used in bookkeeping and accounting. 6. Learn to classify different  accounts. 7. Three golden rules of accounting. 8. What is debit and credit? These topics have widespread use in practical accountancy. This course includes 15 video sessions & 5 PDF documents which will help you to get more knowledge about this topic. -Who can take this course? Interested in studying bookkeeping or accounting. This course can be helpful for student, teacher, professional or businessman. This course can be useful for CA, CPT and some exam preparation. We believe that anyone can learn accounting with a proper guidance! -Benefits of taking this Course: This course will make your fundamentals stronger with the help of: Explanatory videos ensures complete concept understanding. Downloadable resources helps in applying your knowledge to solve various problems. Quiz video helps in testing your knowledge. In short it is an interesting course fulfilling all the student's needs. So hurry up and enroll now!! Use Coupon Code: SALE30

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.