Basic Accounting Training


Types of Entities – Starting a Business 

  • Sole Proprietorship 
  • Partnership      
  • C–Corporation 
  • S-Corporation      
  • LLC–Limited Liability Company   

Accountants and Bookkeepers 

  • Importance of a CPA 
  • Differences Between an Accountant and a Bookkeeper   

Accounting Theory 

  • General Accepted Accounting Principles (GAAP) 
  • Cash vs Accrual Basis of Accounting 
  • Accounting Equation 
  • Debits and Credits 
  • Chart of Accounts   

Financial Transactions/Journals 

  • Sales and Sales Tax 
  • Invoices      
  • Check Writing 
  • Income Received 
  • Payroll and Payroll Tax Reporting  

Bank Statements and Reconciliations 

  • Importance of Reconciling 
  • How to Read and Reconcile a Bank Statement   

Financial Statements 

  • Balance Sheet 
  • Income Statement 
  • Cash Flow Statement 
  • General Ledger/Trial Balance 
  • Cash Disbursements Report   

How to Prepare and Read Budgets 

  • Basic Budgeting 
  • The Importance of Budgeting 
  • Creating Your Own Budget   

Ratio Analysis 

  • Gross Profit 
  • Day Sales 
  • Inventory Turnover 

Schedule a training today.