Basic Bookkeeping

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.

Some of us enjoy dealing with numbers while others may have a fear of them, or even a phobia. For  those of you who have already recognized and appreciate the impact that numbers actually have on just about everything, you deserve a cookie. Welcome to Basic Bookkeeping!

Module 1: Getting Started

• Icebreaker
• Housekeeping Items

Workshop Objectives

Module 2: Basic Terminology (I)

• Balance Sheet
• Assets
• Liabilities
• Equity
• Income Statement
• Revenue
• Cost of Goods Sold
• Expenses
• Accounting Period
• Review

Module 3: Basic Terminology (II)

• Accounts Receivable
• Accounts Payable
• Depreciation
• General Ledger
• Interest
• Inventory
• Journals
• Payroll
• Trial Balance
• Review

Module 4: Accounting Methods

• Cash Method
• Accrual Method
• Differences between Cash and Accrual
• Module Four: Review Questions

Module 5: Keeping Track of Your Business

• Accounts Payable
• Accounts Receivable
• The Journal
• The General Ledger
• Cash Management

Module Five: Review Questions

Module Six: Understanding the Balance Sheet

• The Accounting Equation
• Double-Entry Accounting
• Types of Assets
• Types of Liabilities
• Equity

Module Six: Review Questions

Module 7: Other Financial Statements

• Income Statement Cash
• Flow Statement Capital
• Statement Budget vs.
• Actual

Module Seven: Review Questions

Module 8: Payroll Accounting / Terminology

• Gross Wages
• Net Wages
• Employee Tax Withholding's
• Employer Tax Expenses
• Salary Deferrals
• Employee Payroll
• Employee Benefits
• Tracking Accrued Leave
• Government Payroll Returns/Reports 

Module 9: End of Period Procedures

• Depreciating Your Assets
• Reconciling Cash
• Reconciling Investments
• Working with the Trial Balance
• Bad Debt
• Posting Adjustments and Corrections

Module Nine: Review Questions

Module 10: Financial Planning, Budgeting and Control

• Reasons for Budgeting
• Creating a Budget
• Comparing Budget to Actual Expenses

Module Ten: Review Questions

Module 11: Auditing

• What is an Audit?
• When and Why Would You Audit?
• Internal
• External

Module Eleven: Review Questions

Module 12: Wrapping Up

• Words from the Wise
• Action Plans and Evaluations