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This course is focused on providing the learner with a foundation of knowledge to prepare for the many job responsibilities that will come the way of a typical bookkeeper. As the bookkeeping profession continues to expand and evolve, bookkeepers are often the accounting “go-to” people for companies of all sizes. 

Whether you are a business owner or want to develop the skill of bookkeeping to begin a career, there are critical accounting and bookkeeping concepts that are important to learn. This course, developed by a CPA who has both small and large business accounting experience and background, will provide a solid foundation.

NOTE: This course is one of a series of courses developed for the Professional Bookkeeping Certification program on Illumeo. The full curriculum of courses will provide you with the ultimate foundation to a career as a bookkeeper. 

Learning Objectives

  • Discover the basics of bookkeeping and identify types of transactions.
  • Explore the comparison of bookkeeping to accounting
  • Explore critical terminology including components of the balance sheet, income statement and cash flow statement
  • Explore bookkeeping tips
Last updated/reviewed: November 18, 2019

Included In Certifications

This course is included in the following Certification Programs:

14 CoursesProfessional Bookkeeping Certification

  1. Bookkeeping Basics - Critical Accounting Terminology and Effective Execution of Concepts
  2. Bookkeeping Basics – Processes and Debits and Credits
  3. Bookkeeping Basics – Accrual vs. Cash Accounting
  4. Bookkeeping Basics – Payroll and Expenses
  5. Bookkeeping Basics – Formation of a Legal Entity and Establishing a Chart of Accounts
  6. Bookkeeping Basics – Utilizing Journals, Subsidiary Ledgers and the General Ledger
  7. Bookkeeping Basics – The Essential Responsibilities of the Bookkeeper on a Daily, Weekly, Monthly and Annual Basis
  8. Bookkeeping Basics – Fixed Assets and Inventory
  9. Bookkeeping Basics – Accounts Payable/Disbursements and Accounts Receivable/Receipts
  10. Management Internal Control Essentials
  11. GAAP Principles, Assumptions and Considerations
  12. GAAP Presentation of Financial Statements
  13. Bookkeeping Basics – Case Study Scenario
  14. Useful Bookkeeping Tools

10 Reviews (30 ratings)Reviews

5
Member's Profile
As a business owner this introductory course was very efficient in term of learning the different terminology... I am now more confident when I am talking to my customers or partner tu use the correct vocabulary...
3
Member's Profile
Was very good and understandable. Video and information was very clear
5
Anonymous Author
Good course if you want an overview of the duties of bookkeeping versus accounting duties. Outlines balance sheets and income statements so that it is easy to understand. The notes correlate well with the material in the lecture.
5
Anonymous Author
For someone with no background in accounting who is starting their own business, this was a very useful introduction
5
Member's Profile
Excellent narration of slides, instructor did a good job of using examples to further explain terms and concepts.
4
Anonymous Author
Good introduction to theory. More practical examples would be useful as well as best practices.
5
Anonymous Author
Very good overview of bookkeeping and the basics of keeping books for a company.
5
Anonymous Author
Its nice to see the powerpoint notes explained a little further by the teacher
4
Anonymous Author
I think it is a very good overview of basic concepts/vocabulary
4
Anonymous Author
I liked the terminology definitions it was very helpful

Prerequisites

Course Complexity: Foundational

No advanced preparation or prerequisites are required for this course.

Education Provider Information

Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact:
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Course Syllabus
INTRODUCTION AND OVERVIEW
  3:51Introduction to The Basics of Bookkeeping – Terminology and Processes
  15:20Basics
  7:43Types of Transactions
  7:56Terminology (Part 1)
  10:12Terminology (Part 2)
  10:23Terminology (Part 3)
  12:29Income Statement Terminology
  3:31Bookkeeping Tips
CONTINUOUS PLAY
  1:11:24The Basics of Bookkeeping – Terminology and Processes
SUPPORTING MATERIALS
  PDFSlides: The Basics of Bookkeeping – Terminology and Processes
  PDFThe Basics of Bookkeeping – Terminology and Processes Glossary/Index
REVIEW AND TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM