Bookkeeping Basics: Understand the Fundamentals

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What's The Course All About? Preview
Introduction - Course Overview
Introductions and Off-Course Resources

Before We Start - Business vs. Personal Preview
Why Worry About The Money?
What Kind of Business Are YOU?
The Four Business Types

What and Why...
Who...
When and Where...
Consistency Is THE Key

Section Intro Preview
Transactions
The Big Equation... A = L + E
Accounts and the Chart of Accounts
Sample Charts of Accounts
Your First Quiz

How Are You Actually Making Money?
Invoices, Receipts & Statements... Oh, my!
If You ARE Invoicing...
Invoice Samples
Not All Money Coming In Is Income
Here Comes The Money The Money - Quiz on Income

What Are Expenses?
What Does It Cost To Make (or Acquire) The Product? - COGS
Organizing The Expenses
The Stamp
There Goes The Money - Quiz on Expenses

Section Intro
It's Just "Stuff" - Assets
Can You Break A $100 Bill? - Asset Shift
The Company Owes WHAT? - Liabilities
But What's Really MINE? - Equity
The "Other Big Three" Quiz

Put It On My Tab - Accounts Payable
You Want To Pay When? - Accounts Receivable
What If They Don't Pay?

How Are You Doing and How Do You Know?
Cash Reporting versus Accrual Reporting
Am I Making Any Money? - P&L Report
Where Do I Stand Right Now? - The Balance Sheet
Am I Worth Anything? - The Owner's Equity Reports
What's Owed To Me and By Me - The A/P and A/R Reports
"For the Record Books" Quiz

Section Intro
Mileage Tracking
Terms / Cash Discounts
Trade Discounts
Shipping & Freight
Good Record Keeping
Top 10 Mistakes Small Businesses Make
Top 6 Tips For Good Bookkeeping

Can I Get Some Help? and Our Course Recap