Bookkeeping Basics
The foundations: what bookkeeping is, the accounting equation, single vs double entry, cash vs accrual, and who is legally required to keep books.
A free, complete bookkeeping course for small business owners — from your first receipt to a finished set of financial statements. 08 modules, 108 lessons, written for owners and staff who have to run this side of the business themselves.
Each module stands on its own, but they run in order, building from fundamentals to the practical routines you'll use every week.
The foundations: what bookkeeping is, the accounting equation, single vs double entry, cash vs accrual, and who is legally required to keep books.
The hands-on skills: keeping valid source documents, building a chart of accounts, applying debits and credits, writing journal entries and posting to ledgers.
Terms owners confuse most — revenue vs profit, cost vs expense vs asset, receivables vs payables, prepaid vs accrued — plus two full practice exercises with answer keys.
The four layers of profit, cost of goods sold, why profit on paper isn't cash in the bank, margin vs markup, and break-even analysis.
When manual bookkeeping stops working, how accounting software is built underneath, how to migrate without corrupting your numbers, and what stays a human job.
Forty everyday cases — deposits, marketplace payouts, petty cash, owner's draws, loans, payroll — each with the source document and the correct journal entry.
The month-end and year-end work: the nine-step accounting cycle, six adjusting entries, the three core statements, bank reconciliation, closing the books and reporting standards.
Where bookkeeping meets tax: bookkeeping vs simplified recording, small-business income tax schemes, VAT/GST registration thresholds, withholding tax, e-filing systems and audit-readiness.
Every technique in this course maps to something you can do in Reyuko — free double-entry accounting software with inventory, sales, purchasing and reporting built in. No transaction limits.
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