Bookkeeping may sound like a foreign concept to some, however the truth of the matter is that every tax preparer and accountant needs to have that fundamental understanding of the activity in order to ensure their clients are presented with accurate financial information. This course will walk you through the fundamentals of bookkeeping, covering topics such as Chart of Accounts, T accounts, accounting methods, financial statements and more. Whether you are getting started with bookkeeping or wishing to update your skillset to better serve your clients, this course is tailored for you. Don't miss out on taking this opportunity today - it could be exactly what your practice needs!

If you're looking for an easy-to-follow guide to understanding transactions, receipts, expenditures and coding, then this is the course for you! You'll get a comprehensive overview that begins with learning the basics of coding various receipt examples using T accounts. Then you'll delve into the differences between disbursement transactions and how to properly code them. Furthermore, this engaging course will educate you on the importance of timing and capitalization as well as how policy documentation ties in with each transaction. 

Are you confused about Sales Tax and Use Tax and how it applies to your business? Do you need to understand Nexus, taxable items, nontaxable items, and the paperwork part of sales tax? If so, we’ve got you covered! Get acquainted with common legal requirements such as recording sales transactions using T accounts. You will also be knowledgeable about different types of Nexus and Home Rule locations. In addition, learn the basics around how sales taxes are reported to different taxing agencies. Most of all, it's essential to know these things going into business so that you don't have any problems with the IRS or other tax administration agencies in the future!

Managing payroll can be time consuming, but it doesn't have to be overwhelming. This course can provide an in-depth look at the payroll process and break it down into manageable sections including setting up new employees for success, accounting for wages and other payments, filing taxes and reports, and learning the ins and outs of various coding transactions. Join us as we dive into payroll practices and take control of your organization's financial future!

Inventory management is a fundamental part of any successful business. Understanding how to accurately combine and track inventory leads to better organizational skills and can create cost savings for your business. Learning the basics of inventory includes methods for valuing the items you need to purchase and understanding the differences between periodic and perpetual (or dynamic) inventory systems. Additionally, mastering the various coding methods such as FIFO, and LIFO can help ensure that all purchases are accounted for correctly. For businesses ready to take it to the next level, computersized inventory systems provide an easy way for automating transaction inputs and eliminating manual work, letting you focus on other core operations of your business. Get one step closer to becoming an inventory pro today!

Understanding your financial statements is essential for any business, large or small. Many overlook the importance of financial statement basics, but a basic overview can go a long way towards getting your finances in order and meeting your goals. Having a strong foundation of knowledge on the Chart of Accounts, Balance Sheet, Income Statement (P&L), and Statement of Cash Flows will not only help you to make the most informed decisions, but it can also enlighten you with what information these financial statements present. Learning how to interpret them correctly is an extremely valuable asset that can contribute significantly to your long-term success. Obtaining an understanding of all aspects of financial statements should no longer be something on the backburner but rather at the forefront for those who are serious about increasing their financial literacy and reaching their ultimate goals.