The Bookkeeping certificate program consists of three 16-hour courses offered in succession. Upon completion of all three courses, a non-credit certificate will be awarded. Continuing Education Units are awarded based on a standard of one unit per ten hours of classroom contact. From balance sheets to income statements, there’s no denying that there are new terms and phrases you’ll come across. In practice, they’re quite easy to understand once the terms are broken down into much simpler definitions. The BBA helps professional bookkeepers overcome the fear of starting their practice. The course teaches strategies to set up a profitable bookkeeping business.

But for those with official start and end dates, you need to be sure it falls at the right time for you. To ensure bookkeeping and accounting standards, countries approach their bookkeeping standards differently. Knowing where the course creator lives will help you put things in perspective.

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By adding $250 to retained earnings (part of the “equity” category), balance was restored. Our assets increased by $250, and our equity increased by $250, so the equation still works.

In practice, keeping accurate accounts can be a complex process, especially as your business grows. A single transaction can involve multiple entries in several different accounts, and when you have hundreds or even thousands of transactions to record, it can quickly become overwhelming. The information for those statements comes directly from the accounts we’ve just been looking at.

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In-person training encourages face-to-face interaction, which can make learning easier and better. But most of these courses do not need physical interaction to be efficient. Bookkeeper Launch Team costs $4,999 (one-time payment) or $499 monthly . Best Suited ForJob seekers and entrepreneurs looking to learn bookkeeping. This certification course prepares anyone interested to understand the foundation of bookkeeping. It allows participants to build their competence by working on projects. Best Suited ForJob seekers, individuals, or bookkeeping professionals.

And the time it takes to enter all that information could probably be better spent elsewhere. In the café transaction above, for example, we added $500 to the inventory account to reflect the addition of the crate of coffee. We’d keep that account constantly updated, so that every time we either buy new supplies or use them up, we adjust the balance. That way we know exactly how much we have on hand at all times. This records both the loss of cash and the gain in inventory, giving you a more accurate picture of what’s happening in your business.

Is Bookkeeping Right for You?

bookkeeping 101 DateYou can start anytime you are ready and go at your own pace. Know how to read & understand reports to make informed decisions. Best Suited ForJob seekers looking to improve their CV and career prospect. It’s flexible and allows you to go at your own pace for at least six months.