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Basic Bookkeeping

Note: This course is available in Urdu language also Click here

After completion of this course, the candidate will be able to cover the following..

For Course Benefits, please watch this Video or Read below….


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  • Financial Clarity:

The course provides you with the knowledge and skills to gain a clear understanding of financial transactions and records. You learn how to track income, expenses, and cash flow, enabling you to make informed financial decisions and effectively manage your finances.

  •  Improved Financial Organization:

Engaging in the course helps you develop effective organizational strategies for financial records. You learn how to create and maintain organized financial systems, making it easier to track and access important financial information when needed.

  • Accurate Record-Keeping:

The course equips you with the skills to maintain accurate and up-to-date financial records. By learning proper bookkeeping practices, you minimize errors, ensure compliance with accounting standards, and provide reliable financial data for analysis and reporting.

  •  Budgeting and Expense Management:

Basic bookkeeping skills enable you to create and manage budgets effectively. Through the course, you learn how to track expenses, identify cost-saving opportunities, and make informed financial decisions to maintain a balanced budget.

  •  Compliance with Legal and Tax Requirements:

The course familiarizes you with legal and tax obligations related to bookkeeping. You gain an understanding of relevant regulations and learn to maintain accurate records to ensure compliance, reducing the risk of penalties or legal issues.

  • Business Growth and Sustainability:

Engaging in the course contributes to the growth and sustainability of your business. By developing bookkeeping skills, you gain insights into your financial performance, identify areas for improvement, and make informed decisions to optimize profitability and long-term success.

  • Effective Cash Flow Management:

The course provides techniques for effective cash flow management. You learn how to monitor and project cash flow, manage accounts receivable and accounts payable, and maintain a healthy cash flow position for your business or personal finances.

  • Financial Analysis:

Basic bookkeeping skills enable you to analyze financial data and make informed assessments of your financial health. Through the course, you learn to interpret financial statements, identify trends, and make strategic adjustments to improve financial performance.

  • Financial Decision-Making:

The course enhances your financial decision-making abilities. You learn to evaluate financial information, assess risks and opportunities, and make sound decisions that align with your financial goals and objectives.

  • Improved Business Relationships:

Accurate bookkeeping cultivates trust and transparency in business relationships. Through the course, you learn to provide accurate and reliable financial information to stakeholders, fostering positive relationships with clients, vendors, and investors.

  •  Efficient Tax Preparation:

Basic bookkeeping skills streamline the tax preparation process. By maintaining organized and accurate financial records, you simplify tax reporting, reduce the risk of errors, and save time and money during tax season.

  •  Financial Confidence:

Engaging in the course boosts your financial confidence and competence. By understanding and applying basic bookkeeping principles, you gain the knowledge and skills to manage your finances effectively, empowering you to take control of your financial future.

  • Business Planning:

Basic bookkeeping skills play a crucial role in business planning. Through the course, you learn to analyze financial data, set realistic financial goals, and develop effective strategies to achieve them, ensuring the financial viability and success of your business.

  • Enhanced Communication with Accountants and Financial Professionals:

The course improves your ability to communicate effectively with accountants and financial professionals. By understanding basic bookkeeping concepts and terminology, you can engage in more meaningful discussions, ask relevant questions, and collaborate more effectively.

  •  Professional Development:

Acquiring basic bookkeeping skills enhances your professional development. Whether you are a business owner, freelancer, or employee, understanding bookkeeping principles allows you to contribute to financial discussions, understand financial reports, and make informed business decisions.

  • Personal Financial Management:

Basic bookkeeping skills are valuable for personal financial management. The course provides you with tools to track personal income and expenses, create budgets, and make informed financial decisions, promoting financial stability and security.

  • Improved Vendor and Supplier Relationships:

Accurate bookkeeping improves vendor and supplier relationships. Through the course, you learn to manage accounts payable efficiently, ensuring timely payments and fostering positive relationships based on trust and reliability.

  • Effective Financial Reporting:

The course equips you with the skills to generate clear and informative financial reports. You learn to present financial information in a structured and organized manner, facilitating effective communication and decision-making for stakeholders.

  •  Risk Management:

Basic bookkeeping skills assist in identifying and managing financial risks. Through the course, you learn to monitor financial indicators, identify potential risks, and implement strategies to mitigate them, safeguarding the financial health of your business or personal finances.

  • Valuable Transferable Skill:

Basic bookkeeping skills are transferable across industries and professions. The course provides you with a practical skill set that can be applied in various work settings, making you a valuable asset with a fundamental understanding of financial management.

Basic Bookkeeping Modules

In this course, you will get 12 Modules which are describing all aspects greatly

  •  Module One: Introduction
  1. Workshop Objectives
  • Module Two: Basic Terminology (I)
  1. Balance Sheet
  2. Assets
  3. Liabilities
  4. Equity
  5. Income Statement
  6. Revenue
  7. Cost of Goods Sold
  8. Expenses
  9. Accounting Period
  10. Case Study
  • Module Three: Basic Terminology (II)
  1. Accounts Receivable
  2. Accounts Payable
  3. Depreciation
  4. General Ledger
  5. Interest
  6. Inventory
  7. Journals
  8. Payroll
  9. Trial Balance
  10. Case Study
  • Module Four: Accounting Methods
  1. Cash Method
  2. Accrual Method
  3. Differences between Cash and Accrual
  4. Case Study
  • Module Five: Keeping Track Of Your Business
  1. Accounts Payable
  2. Accounts Receivable
  3. The Journal
  4. The General Ledger
  5. Cash Management
  6. Case Study
  • Module Six: Understanding The Balance Sheet
  1. The Accounting Equation
  2. Business Writing
  3. Double-Entry Accounting
  4. Types of Assets
  5. Types of Liabilities
  6. Equity
  7. Case Study
  • Module Seven: Other Financial Statements
  1. Income Statement
  2. Cash Flow Statement
  3. Capital Statement
  4. Budget vs. Actual
  5. Case Study
  • Module Eight: Payroll Accounting / Terminology
  1. Gross Wages
  2. Net Wages
  3. Employee Tax Withholding’s
  4. Employer Tax Expenses
  5. Salary Deferrals
  6. Employee Payroll
  7. Employee Benefits
  8. Tracking Accrued Leave
  9. Government Payroll Returns/Reports
  10. Case Study
  • Module Nine: End Of Period Procedures
  1. Depreciating Your Assets
  2. Reconciling Cash
  3. Reconciling Investments
  4. Working with the Trial Balance
  5. Bad Debt
  6. Posting Adjustments and Corrections
  7. Case Study
  • Module Ten: Financial Planning, Budgeting And Control
  1. Reasons for Budgeting
  2. Creating a Budget
  3. Comparing Budget to Actual Expenses
  4. Case Study
  • Module Eleven: Auditing
  1. What is an Audit?
  2. When and Why Would You Audit?
  3. Internal
  4. External
  5. Case Study
  • Module Twelve: Wrapping Up

Be Creative with Quizes

Each Module is finishing with its quiz & hence you will get to review your Modules in the form of 60 questions.

  • Module Two Review 
    • Module Three Review 
      • Module Four Review Questions
      1. What does cash method mean?
      2. When are receipts recorded with the cash method?
      3. What does accrual method mean?
      4. What statement are income and expenses recognized on?
      5. What is the main difference between the cash method and accrual method?
      6. What anticipation would you have when recording using the accrual method?
      • Module Five Review Questions
      1. What does “accounts payable” track?
      2. Why is it important for the company to keep track of accounts payable?
      3. What does “accounts receivable” track?
      4. Why is it important for the company to keep track of accounts receivable?
      5. The journal includes what information?
      6. You must always use a separate journal for each transaction?
      7. The general ledger is used in what type of accounting?
      8. The general ledger is considered what type of record?
      9. Cash management refers to doing what with cash?
      10. Cash management helps businesses avoid what?
      • Module Six Review Questions
      1. What is the equation commonly used?
      2. What is the name of the equation commonly used?
      3. What does double-entry accounting show?
      4. When on paper, what letter does double-entry accounting look like?
      5. Cash is what type of asset?
      6. Stock is what type of asset?
      7. Which of the following is a type of liability?
      8. Of the following, which is a type of liability?
      9. What is most true of equity?
      10. What percentage of an asset does an “owner” hold once all debts associated with the asset have been paid off?
      • Module Seven Review Questions
      1. What does the income statement summarize?
      2. The income statement also includes which of the following?
      3. How many financial statements are there?
      4. Cash flow statements show what?
      5. Capital statement keeps track of items that last for longer than ___ year(s).
      6. What is an example of something that would be on a capital statement?
      7. What is budget, in regards to financial statements?
      8. What is actual, in regards to financial statements?
      • Module Eight Review 
        • Module Nine Review Questions
        1. Depreciation is taken at what type of rate?
        2. What can be done with the amount the item has depreciated?
        3. In order to reconcile cash, there should be a minimum of how many lists?
        4. When reconciling cash, what type of information should be on the lists?
        5. What is the main difference between reconciling cash and investments?
        6. Which of the following is not mentioned as an item that can be reconciled?
        7. A trial balance is making a list of accounts that have a balance other than what?
        8. The trail balance of an account will show what?
        9. What is the usually time period at which collection should be pursued?
        10. When should un-collectible debts be written off?
        11. What is the purpose of making corrections?
        12. When should adjustments and corrections be made?
        • Module Ten Review Questions
        1. What can budget project?
        2. What can a budget help a business control?
        3. What is the best reference when creating a budget?
        4. What should be done if income equals more than expenses?
        5. What is a budget?
        6. What is an actual expense?
        • Module Eleven Review Questions
        1. Audits are done in order to be in compliance with what/whom?
        2. What is a financial audit concerned with?
        3. What does the IRS stand for?
        4. What is the first part of the audit mentioned?
        5. What type of audit is conducted by someone in the company?
        6. Who would conduct an internal audit for a company?
        7. What type of audit is conducted by a third-party agency?
        8. How often is an external audit conducted?

        • What is the requirement for this course?

        The course is open to anyone who is interested in learning more about the subject matter, and there are no specific entry requirements to enroll.

        • What much Time I need to Spend for completion of this course?

        The course is divided into different modules, with an average study time ranging from 20 to 90 minutes per module as per your convenience. While you have the flexibility to allocate your preferred amount of time to each module, after buying you will have lifetime access to the course so you can log in and out of the course as per your schedule.

        • When and Where I can Study this Course?

        You can study this course at any time and anywhere of your choice, you have the convenience of logging in and out of the web-based course as often as you need. The course is compatible with all devices, including computers, tablets, and smartphones, allowing you to study even while on the go.

        • How I can Pay for this Couse?

        To make a payment for this course, you have the option to use several payment methods including Visa, MasterCard, and PayPal account. The website employs the latest SSL encryption technology to ensure that your payment details are kept safe and secure. All payments are processed securely by PayPal, providing an added layer of protection for your peace of mind.

        • How soon I can have access to the course material?

        You will have access to the course immediately after you make the payment. You will receive email confirmation of payment at the same time with full access to the course material.

        • Can I earn a Certificate at the end of the course?

        That’s Right! At the completion of the course, we will earn a Professional Certificate that can be a valuable addition to your career and personal achievements. This certificate will serve as evidence of the knowledge and skills you have gained through the course, and can help you demonstrate your expertise to current or potential employers.

        • What is the validity of the Certificate?

        Certificate is your achievement, which will remain with you forever. It doesn’t have any expiry or need any renewal. Enjoy the Course and Good Luck.

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        This Course Includes….

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        End of Course Certification

        Lifetime Access

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        Course Objectives:

        Participants will be able to

        • Understand basic accounting terminology.
        • Identify the differences between the cash and accrual accounting methods.
        • Keep track of your business by becoming familiar with accounts payable and accounts receivable.
        • Use a journal and general ledger to document business financials.
        • Utilize the balance sheet. Identify different types of financial statements.
        • Be familiar with internal and external auditing.

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