- Are you considering or have recently become self-employed?
- Are you considering or have you recently started a small business?
- Do you struggle with your business books?
This course will help you understand the basic theory, principles and practice of book-keeping.
The college certificate Ready for Business can help you prepare to start life in self-employment or running a small business.
Bookkeeping is a process for recording financial transactions. Bookkeepers also prepare reports and bank deposits. The key purpose of bookkeeping is to maintain accurate records. Bookkeepers also manage the general ledger for their clients. Often this will also involve producing financial statements, monitoring revenue and accounts receivable.
Accounts essentially are records of all the debits and credits of a certain type. This might be payroll, or accounts payable. Bookkeepers also need to know the difference between assets and liabilities.
Bookkeeping is all about recording revenue or income, and expenses. Income is made up of money earned by the company through sales of its goods and services. Expenses refer to the cash that leaves the company when it purchases assets or services.
You'll learn how to adjust balanced accounts and produce basic financial statements, whilst being taught by staff with a wealth of experience in financial accounting.