Basic Bookkeeping

Basic Bookkeeping

To register or to see when the next is running please click on this link: Basic Bookkeeping

This one day instructor lead course covers the following topics:

Debits + Credits

  • The theory + history
  • Cash vs. Accrual
  • Accounts Receivable
  • Accounts Payable

Double Entry System

  • General Ledger
  • Trial Balance
  • Synoptic Journal

Bookkeeping 

  • Definition
  • Control Systems
  • Paper Flow!
  • Purchases
  • Sales
  • Receipts
  • Payments
  • Expenses
  • Fixed Assets
  • Owners’ Equity
  • Taxes
  • GST
  • PST

Bookkeeper vs Accountant 

  • Independence
  • Qualifications
  • Services rendered

Professional Accountants

  • Associations
  • Choosing a firm
  • Why hire?

Accountant’s Reports

  • Notice to reader
  • Review Engagement
  • Audit
  • Report Contents

Exercise

  • Synoptic Journal (Excel)
  • Balance Sheet
  • Income Statement
  • Filing Documents
  • Systems – options
  • Retention periods
  • What to keep
  • In what medium?
  • Document Organizers
  • Marking documents
  • POS receipts
  • Credit Card receipts
  • Banking records

Entering Data

  • Timing
  • Organizing
  • Tracking transactions
  • Tracking taxes
  • Ask your Accountant!
Lorie GregorchukBasic Bookkeeping