Bookkeeping Basics

Bookkeeping is the habit of recording every money movement in a business. Learn the key terms, the accounting equation and debits and credits, then record a week of transactions yourself.

  • Beginner
  • 60 minutes
  • 6 modules
  • Free
  • Certificate of completion
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What you'll learn

  • Explain revenue, expenses, assets, liabilities and equity
  • Use the accounting equation: Assets = Liabilities + Equity
  • Record transactions with debits and credits
  • Tell the difference between cash and accrual accounting
  • Build good habits: separate accounts, receipts and monthly reconciling

Course modules

  1. 1IntroductionWhy bookkeeping matters
  2. 2Core ConceptsThe language of business money
  3. 3Practical ExampleJordan's first week washing cars
  4. 4Practice ActivityRecord a week of transactions
  5. 5Knowledge QuizCheck your understanding
  6. 6Course CompletionCourse complete