Basic Bookkeeping

September 12, 2017
3 Day


SDGC Training Center; 18, Afolabi Aina Street, Allen Avenue, Ikeja Lagos.   View map

Basic Bookkeeping

When you set out to start a business as an entrepreneur you need to be in control of your finances and be able to monitor closely the overall performance of the business. The only way to achieve this is to have good understanding of basic bookkeeping and accounting information and be able to understand what the information is telling you.

Basic bookkeeping is the process of recording all your business transactions to produce a set of accounting records, it is the start of the accounting process which allows you to produce useful accounting information such as details of your sales, expenses, working capital etc.
Whether or not you decide to do your own basic bookkeeping, a knowledge of basic bookkeeping will allow you understand where the information comes from and what is available.

Module One: Getting Started
Module Two: Basic Terminology (I)
* Balance Sheet
* Assets
* Liabilities
* Equity
* Income Statement
* Revenue
* Cost of Goods Sold
* Expenses
* Accounting Period

Module Three: Basic Terminology (II)
* Accounts Receivable
* Accounts Payable
* Depreciation
* General Ledger
* Interest
* Inventory
* Journals
* Payroll
* Trial Balance

Module Four: Accounting Methods
* Cash Method
* Accrual Method
* Differences between Cash and Accrual

Module Five: Keeping Track of Your Business
* Accounts Payable
* Accounts Receivable
* The Journal
* The General Ledger
* Cash Management

Module Six: Understanding the Balance Sheet
* The Accounting Equation
* Double-Entry Accounting
* Types of Assets
* Types of Liabilities
* Equity

Module Seven: Other Financial Statements
* Income Statement
* Cash Flow Statement
* Capital Statement
* Budget vs. Actual

Module Eight: Payroll Accounting / Terminology
* Gross Wages
* Net Wages
* Employee Tax Withholding”s
* Employer Tax Expenses
* Salary Deferrals
* Employee Payroll
* Employee Benefits
* Tracking Accrued Leave
* Government Payroll Returns/Reports

Module Nine: End of Period Procedures
* Depreciating Your Assets
* Reconciling Cash
* Reconciling Investments
* Working with the Trial Balance
* Bad Debt
* Posting Adjustments and Corrections

Module Ten: Financial Planning, Budgeting and Control
* Reasons for Budgeting
* Creating a Budget
* Comparing Budget to Actual Expenses

Module Eleven: Auditing
* What is an Audit?
* When and Why Would You Audit?
* Internal
* External

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Contact Information

Address: No 18, Afolabi Aina Street, Beside Alade Market, Allen Avenue, Ikeja Lagos.

Tel: 01-2930669, 09038401501, 08033027439


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