Basic Bookkeeping

This module introduces the basics of bookkeeping, such as managing invoices, tracking expenses, and understanding financial reports. By the end of this course, 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. Uncover the reasons for and actually create a budget. Be familiar with internal and external auditing. SHRM CE/PDCs: 12 Intended Audience: All