Instructor for this course
more

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 4, 2020

Included In Certifications

This course is included in the following Certification Programs:

14 CoursesProfessional Bookkeeping Certification

  1. Bookkeeping: Terminology and Process Execution
  2. Bookkeeping: Debits And Credits
  3. Bookkeeping: Cash vs. Accrual
  4. Bookkeeping: Payroll And Expenses
  5. Bookkeeping: Legal Entity And Chart Of Accounts
  6. Bookkeeping: Journals, Subsidiary Ledgers and General Ledger
  7. Bookkeeping: Responsibilities
  8. Bookkeeping: Fixed assets and inventory
  9. Bookkeeping: Accounts Payable/Accounts Receivable And 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

41 Reviews (131 ratings)Reviews

5
Member's Profile
Excellent course for entry level accounting professionals.
5
Member's Profile
I like the ability to rewind and listen over when needed. Very informative and easy to understand explanation. Love the idea of PDF available to print before starting so I can add my own notes. Looking forward for the rest of the course.
5
Member's Profile
I liked the slides when Lynn was present as it was easier to absorb the information. Beginner bookkeepers would get the most from this course after having a basic understanding (and some experience in the field) of accounting basics.
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
Member's Profile
Very detailed, simple to understand for anyone with basic experience. The instructor is clear and the speech ar a great balanced speed. Enjoyed very much and looking forward to deeper learning in next classes. Thank you. Letty
5
Anonymous Author
Very clear, enjoyable course. Basic accounting terminology, but with an emphasis on the role of the bookkeeper and how it is distinct from the accountant. This is part of a larger course that you might consider enrolling in.
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...
5
Member's Profile
Once again Lynn has taken me through another wonderful recap of basic bookkeeping policy, procedure and process. The case studies are current and tips are valuable. Thank you once again Lynn. You Rock. Larry
4
Member's Profile
I liked that it was a quick overview of terminology to set a foundation. It was said in a way that makes sense. I liked that there were examples given that were simple enough to get the basic idea.
5
Anonymous Author
This course is a very good overview of the basics to bookkeeping. I especially appreciated the information distinguishing bookkeeper and accountant duties.
5
Anonymous Author
This course was informative. I like that it was short, and I really like to option to read the PDF document as an alternative to watching the videos.
5
Member's Profile
Sometimes bookeeping and accountant terms can be used interchangeably. this course course does a good job of defining the two separately.
5
Anonymous Author
Great review course especially for training new bookkeepers on the job and teaching terminology and basics of accounting.
4
Member's Profile
Provides a comparison between Accounting and bookkeeping, good presentation of what each financial statement represents.
5
Anonymous Author
I liked the examples and overview of the basic functions of bookkeeping and how it's different from accountant's role.
4
Anonymous Author
It was good and goes through all of the information, I just wish it had more visual learning instead of mostly vocal.
5
Anonymous Author
For someone with no background in accounting who is starting their own business, this was a very useful introduction
4
Member's Profile
Good review course for terminology and concepts. Will use to help people on team grow. Test questions make sense.
5
Member's Profile
Excellent narration of slides, instructor did a good job of using examples to further explain terms and concepts.
5
Member's Profile
Great review of all the forgotten detailed definitions. Very helpful and presented in easy to understand format.
5
Anonymous Author
This is an awesome course on bookkeeping. It contains many useful information, presented in a very clear manner
5
Member's Profile
A good overview of bookkeeping terminology and process execution. There were good insights discussed.
5
Member's Profile
The course helped me to understand basic terminologies and has developed my language skills in Business
4
Anonymous Author
Good introduction to theory. More practical examples would be useful as well as best practices.
5
Anonymous Author
Very good review of bookkeeping and the differences between both bookkeeping and accounting.
5
Anonymous Author
The teacher gave a very good explanation about each accounting term and about the process.
5
Member's Profile
Course was excellent. The syllabus was extensive and languages were very well delivered
5
Member's Profile
Great tips for beginning bookkeepers and accountants alike. Overview of topic spot on.
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
5
Anonymous Author
Nicely done and outlined supporting materials and relevant review questions.
4
Member's Profile
Good overview of concepts and items that go into main financial reports
3
Member's Profile
Was very good and understandable. Video and information was very clear
5
Anonymous Author
Thanks Lynn, I am quite satisfied with the info. You are the best.
4
Anonymous Author
I think it is a very good overview of basic concepts/vocabulary
5
Anonymous Author
Great course with wonderful examples and detailed explanations
5
Anonymous Author
Great course to review the fundamentals of bookkeeping.
4
Anonymous Author
I liked the terminology definitions it was very helpful
5
Member's Profile
This was well organized and explained the basics well.
5
Member's Profile
Great course, highly recommend watching. learned alot
5
Member's Profile
So far this is very helpful. A lot of information.

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