Bookkeeping for business owners
What you'll learn
The basic rules of bookkeeping
Learn how to do your own bookkeeping
Single-entry accounting
Double-entry accounting
Booking incoming and outgoing invoices
Booking credit notes
Booking VAT (value added tax)
Booking inventory increase and decrease
Setting up a balance sheet
Setting up an income statement
Booking depreciations
Booking business loans, capital and interest
Setting up a trial balance
Booking bad debtors (upaid, loss of income)
Booking value added tax (and paying)
Booking personnel costs
End of year bookings
Requirements
Patience
Eye for detail
Work structural
Basic calculations
Accounting program (not neccessary)
Spreadsheet
Calculator
Pen and paper
Description
This course is taught by Jeroen who hold several diplomas in business management and has over a decade of experience helping clients reach their goals.In this course you will learn everything you need to know about double-entry bookkeeping so you can do your own bookkeeping. You will start from the beginning so you don't need any prior knowledge about bookkeeping (however if you do, that makes it easier). We begin the course with the more simple booking and increase the difficulty and complexity as we advance through the course.In this course you'll learn everything you need to know to start doing you own bookkeeping from A to Z and we build a solid foundation that you can use in the future to perform bookkeeping tasks for your own company.You will learn about the fundamentals of bookkeeping and much more. We discuss things such as the journal post, t-accounts, debit and credit. You'll learn how to decide what type of account you need to use for your entry, such as, is the account an asset, a liability, a cost or a revenue. And what does this account need to do, increase or decrease. These are the basics to understand bookkeeping.We cover a lot of theory which is important to understand bookkeeping. And combined with the theory, we follow along with a fictional flowershop bussines to put that theory into practice. You'll learn what invoices are and how an invoice should be setup in terms of applying discounts, vat, returnable packaging, and additional charges such as delivery. And of course how to book outgoing invoices but also incoming invoices and what to do when you need to book credit notes. You'll learn how to purchase assets (investments), how to book these and how depreciations are applied and booked. We'll cover value added tax, what is it and how does it work in the books.We discuss accounts payable (suppliers) and accounts receivable (customers). And what should you do if a customer does not pay the invoice? We'll talk about that to. And what to do with business loans or money you invest in your company? How should you book sales in your store and how are these different from invoices? What happens if we deposit money in our bank account that we received cash in the shop? Ever heard of internal transfers? Current and non-current debts? We will discuss all of that in this course.Last but not least you'll learn how to perform end of year bookings such as the trial balance, accrued accounts and more. To finish the course we'll set up a closing balance sheet, a profit- and loss statement and process taxes, reserves and more.So if you want to learn how to perform bookkeeping for your business this is the course for you!
Overview
Section 1: The introduction
Lecture 1 Introduction
Lecture 2 What will you learn
Lecture 3 For who is this course
Lecture 4 Why should you learn bookkeeping
Lecture 5 Should you do your own bookkeeping
Lecture 6 Important to remember
Section 2: Your business
Lecture 7 The legal structure and bookkeeping
Lecture 8 The obligations in bookkeeping
Lecture 9 The bookkeeper versus the accountant
Section 3: The basics of bookkeeping
Lecture 10 What is bookkeeping
Lecture 11 Types of bookkeeping
Lecture 12 Why should you do bookkeeping
Lecture 13 A fiscal year
Section 4: Value added tax
Lecture 14 What is value added tax
Lecture 15 How value added tax works
Lecture 16 Splitting value added tax
Lecture 17 VAT rates differ
Lecture 18 VAT filing
Lecture 19 How to calculate value added tax
Lecture 20 When to apply VAT
Lecture 21 When not to apply VAT
Lecture 22 The taxable amount
Lecture 23 VAT listing
Section 5: Double-entry bookkeeping, an overview
Lecture 24 What is double-entry bookkeeping
Lecture 25 An example of double-entry bookkeeping
Lecture 26 The books
Lecture 27 Transactions
Lecture 28 A journal post
Lecture 29 The chart of accounts
Lecture 30 Everything combined (a booking)
Lecture 31 A double-entry and the balance sheet
Lecture 32 Debit or credit
Section 6: The balance
Lecture 33 What is a balance sheet
Lecture 34 The chart of accounts
Lecture 35 Balance accounts, expense and revenue accounts
Lecture 36 Balancing the balance sheet
Lecture 37 An example 1
Lecture 38 An example 2
Lecture 39 An example 3
Lecture 40 An example 4
Section 7: Financing
Lecture 41 Where does the money come from
Lecture 42 Liabilities
Lecture 43 Profit
Lecture 44 Non-monetary investments
Lecture 45 Business loan
Lecture 46 E.g. Booking investors
Lecture 47 E.g. Non-monetary investments
Lecture 48 E.g. Business loan
Lecture 49 Money deposits and garantuees
Lecture 50 E.g. Summarize
Section 8: Costs and expenses
Lecture 51 Costs & expenses, the difference
Lecture 52 Inventory costs
Lecture 53 Other costs
Lecture 54 Investments
Lecture 55 Depreciation of an asset
Lecture 56 Costs & expenses overview
Section 9: The invoice
Lecture 57 The invoice
Lecture 58 Who should get an invoice
Lecture 59 When to give or receive an invoice
Lecture 60 The credit note
Lecture 61 VAT on invoices
Section 10: Purchasing
Lecture 62 Purchasing invoices
Lecture 63 Bookings of purchases
Lecture 64 Purchasing example 2
Lecture 65 Purchasing example 3
Lecture 66 To summarize
Lecture 67 More purchases
Lecture 68 Purchases overview
Lecture 69 Investement purchasing
Lecture 70 To summarize
Lecture 71 Paying invoices
Lecture 72 A closer look at the balance sheet
Lecture 73 To summarize
Lecture 74 The credit note
Lecture 75 Purchasing with a discount and returnable packaging
Lecture 76 Purchasing internationally without VAT
Lecture 77 To summarize
Section 11: Selling
Lecture 78 Sales invoices
Lecture 79 The cash book and bank book
Lecture 80 Internal transfers
Lecture 81 Cash purchases
Lecture 82 Selling inventory
Lecture 83 Cash purchases 2
Lecture 84 Outgoing credit note
Lecture 85 Debit card purchases
Lecture 86 Sales with additional services
Lecture 87 Complex sales invoices part 1
Lecture 88 Complex sales invoices part 2
Lecture 89 The daily receipts income reports
Lecture 90 Booking daily income receipts
Lecture 91 International sales
Lecture 92 Cash payments of outgoing invoices
Lecture 93 To summarize
Lecture 94 Debit card sales receipts
Lecture 95 Debit card sales invoices
Lecture 96 To summarize
Section 12: Assets
Lecture 97 Assets
Lecture 98 Value and price
Lecture 99 Depreciations
Lecture 100 Selling an asset at book value
Lecture 101 Selling an asset at a loss
Lecture 102 Selling an asset at a profit
Lecture 103 Out of use
Lecture 104 To summarize
Section 13: Doubtful accounts
Lecture 105 Bad debts
Lecture 106 A 100% loss
Lecture 107 A loss of the estimation
Lecture 108 A loss of more than the estimation
Lecture 109 A loss of less than the estimation
Lecture 110 To summarize
Section 14: Personnel costs
Lecture 111 Personnel costs
Lecture 112 Current accounts
Section 15: Vat accounts
Lecture 113 Settling vat accounts
Section 16: The trial balance
Lecture 114 Trial balance
Section 17: The end of the year bookings, closing the fiscal year
Lecture 115 End of year bookings
Lecture 116 The trial balance, compact
Lecture 117 Inventory
Lecture 118 Inventory changes
Lecture 119 Sales margin
Lecture 120 Depreciations
Lecture 121 Long term debts
Lecture 122 To summarize
Lecture 123 Accrued accounts
Lecture 124 Prepaid transferable
Lecture 125 Accruels
Lecture 126 Accrued income
Lecture 127 Deferred income
Lecture 128 Profit or loss
Lecture 129 Reserves
Lecture 130 Profit taxes
Lecture 131 Net profit
Lecture 132 The closing balance sheet
Lecture 133 The cashflow
Lecture 134 The start of the new fiscal year
Section 18: Documents
Lecture 135 All journal posts
Lecture 136 All T accounts
Lecture 137 All T accounts 2xx2
Lecture 138 Journal posts accrued accounts
Lecture 139 Profit calculation and balance
Lecture 140 Trial balance
Small business owners,People who want to do their own bookkeeping,Beginner accountants,People who want a better understanding of bookkeeping,Business managers
https://www.udemy.com/course/bookkeeping-from-a-to-z/