Basic Bookkeeping

The Basic Bookkeeping Class and some practice will provide you with the skills necessary to do the books for a small company.

Numbers! Numbers! Numbers! Wherever you go you are bound to see them. On addresses, license plates, phones, prices; and, of course, money! Numbers connect us all to each other in many more ways than we might imagine. Essentially, our world revolves around numbers.

Bookkeeping is the recording of financial transactions. Transactions include sales, purchases, income, receipts… Show more and payments by an individual or organization. Bookkeeping is usually performed by a bookkeeper. Many individuals mistakenly consider bookkeeping and accounting to be the same thing. This confusion is understandable because the accounting process includes the bookkeeping function, but bookkeeping is just one part of the accounting process. Most small business owners do their own bookkeeping reducing the charges they incur from their accountant. The accountant creates reports from the recorded financial transactions provided by the bookkeeper and files forms with government agencies.

The most common methods of bookkeeping are the single entry bookkeeping system and the double entry bookkeeping system. We will discuss and practice both systems in this class. Bring lots of sharp pencils and be prepared to do some serious bookkeeping, because we will be doing a month's worth of books for our imaginary company.

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