Overview
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