If you're starting your own business, it's imperative to learn some basic bookkeeping. Keep the books well and you'll know exactly how much money you have, you'll be able to gauge trends and keep records safe and sound. Stuff it all in a shoe box and you're just asking for trouble.
- Difficulty:
- Moderate
Instructions
- Calculator
- Computer with accounting software or ledger book
- Filing system
-
-
1
Understand basic accounting terms, including accounts payable and receivable, balance sheet and income statement.
-
2
Ask a friend who is a bookkeeper or business owner to explain the fundamentals of basic record keeping, cash flow, the credit you receive or extend to other businesses, payroll concerns and taxes.
-
3
Sign up for a computer course in bookkeeping using QuickBooks or Peachtree, two of the most popular accounting software packages for businesses.
-
4
Consult your accountant or tax preparer for answers to specific questions regarding your bookkeeping. Your accountant may want to work closely with you as you set up your accounts, particularly if you plan on using accounting software.
-
5
Advance your knowledge by earning the Certified Bookkeeper Designation awarded by the American Institute of Professional Bookkeepers. Certification requires two years of bookkeeping experience, passing three tests and agreeing to comply with a code of ethics.
Read Next:
-
How to Learn Bookkeeping
Bookkeeping is an important thing to learn if you own your own business. Even if someone else keeps your books, you want...
-
How to Learn Basic Bookkeeping
There are plenty of ways to learn bookkeeping skills. It does not take a lot of time to go from being trained...
-
How to Learn Bookkeeping the Easy Way
Bookkeeping can be a complicated and tedious task without a sufficient understanding of the principles behind the subject. In order to effectively...
-
How to Learn Bookkeeping Online
Because of an economy that is consumed with financial transactions, whether on the positive or negative side, persons holding positions as bookkeepers...
-
How to Take Online Bookkeeping Classes
When training as a bookkeeper, it's convenient to take online bookkeeping classes. And bookkeeping is a job that offers great flexibility. Bookkeepers...
-
Basic Bookkeeping Principles
Bookkeeping is the process of keeping track of your business' financial transactions. Although it often feels like a chore, it is actually...
-
How to Learn to Do Bookkeeping for Free
Keeping books can be a crucial part of running your own business or even a career taking care of accounting tasks for...
-
Free Bookkeeping Tools
Finding top-of-the-line home and small business tools for bookkeeping can seem like a daunting task. You may be worried that the price...
-
Where Can I Learn Bookkeeping?
Bookkeepers can freelance or find full-time employment at large and small businesses. With free and cheap bookkeeping classes and in your community,...
-
How to Learn Double-Entry Bookkeeping
Double-entry bookkeeping is a method of accounting that involves recording each transaction in two accounts, according to Business Owner's Toolkit. When a...
-
How to Do Church Bookkeeping
Basic church bookkeeping is fairly simple compared to bookkeeping for a business. A business created for profit must produce a balance sheet...
-
How to Learn Direct Bookkeeping
Bookkeeping is an accounting or financial necessity. A company's "books" are the records of money spent and money that comes in from...
-
How to Learn Bookkeeping at Home
Bookkeeping, or accounting, is the professional practice of recording the transactions of money and assets by a business. Bookkeeping education is necessary...
-
What Does It Take to Be a Bookkeeper?
Bookkeepers are responsible for performing basic accounting duties such as balancing the general ledger, keeping track of financial reports and verifying the...
-
How to Become a Bookkeeper
Hey, somebody has to count the beans. If you enjoy number-crunching, and have a good eye for detail, bookkeeping may be for...
-
Basic Accounting & Bookkeeping Terms
Basic Accounting & Bookkeeping Terms. If you have ever needed to balance your checkbook, then you have used the principles of bookkeeping...
-
How to Open a Home-Based Bookkeeping Business
Bookkeeping can be a great home-based business for detail-oriented individuals who enjoy working with numbers. A small bookkeeping business can be started...
Frankie Bibby
Oct 02, 2009
great information.