Bookkeeping From A To Z

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