Module 1: Accounting Made Easy
Journals and Ledgers - General Ledger, Journals, and Subsidiary Ledgers
Balance Sheet - Assets, Liabilities, Accruals, Capital, Depreciation, and Other Balance Sheet Accounts, with Exercises and Industry Application.
Business Entities - Sole Proprietorship, Partnerships, Corporations
Balance Sheet Practice
Earnings Statement - Revenue, Cost of Goods, Expenses, Chart of Accounts with Exercise and Industry Applications
Sales and Cost of Sales - SPEC's, Percentage of Sales, Mark-up, Gross Profit Margin
Learn Practical Accounting Basics
Whether you are new to Accounting or have been in the field for years, Module 1 of the Professional Bookkeeper course, Accounting Made Easy, teaches you mastery of the core Accounting principles that all Accounting and Bookkeeping build upon. As the foundation of a house must be solid and well-crafted, a firm understanding of concepts such as debits and credits, journals, and how to record sales transactions are key to success in mastery of later concepts of Accounting.
Module 1 of the Professional Bookkeeper™ course, Accounting Made Easy, teaches you the fundamentals of Bookkeeping in a practical, hands-on methodology. You will learn by doing, the best way for the skills that you gain to stick. If you have ever read a book on a subject and found that you couldn’t retain the knowledge when you needed it later, you already know the value of learning by doing, involving more of your brain in the learning process. As you complete the practice sets in the Professional Bookkeeping course, you become familiar with the processes involved in day-to-day Accounting and Bookkeeping tasks. They become second nature to you, enabling you to focus on higher-level things.
Sessions 1-3 — Develop First-Rate Accounting Skills
The first sessions of Module 1 of the Professional Bookkeeper™ (PB) course teach you the fundamental building blocks of the accounting process. You will have a firm understanding of debits and credits. Though they make up one of the simplest concepts of Accounting, they are among the least understood. You will learn how a T-account works and how to balance double-entry Accounting forms.
You will learn the best indicators of a company’s financial strength. Since you are a company’s first line of defense in knowing their financial health, knowing how to interpret Accounting data is of critical importance to your success and the profitability of your clients.
Modern accounting has not fundamentally changed in 300 years. However, there are many ways to record Accounting tasks. You will learn a tried and proven accounting system that ensures efficiency, accuracy, and integrity. There are also Accounting tasks that must be performed in very specific ways and one accounting rule you should never break, which Module 1 will detail.
Sessions 4-6 — Consult on Key Business Issues
Your clients will rely heavily upon you to not only record Accounting entries but to help them to interpret them. Because you know more about a client’s financial health, clients will come to you and value your opinion. Without you, they don’t even know if they are profitable or not.
You will learn the must-know principles of marking down assets and the what’s, when’s, where’s, and how’s of depreciation. Further, Module 1 teaches you three methods of depreciating fixed assets — when and why to use them and two methods of calculating the allowance for bad debts. You will be able to present the business legal structures with confidence and give some advice regarding which are best for businesses of various types.
Practice Exercise: Practice categorizing over 90 accounts into their appropriate general ledger section.
Session 7 — Assemble the Financial Puzzle
You will master the technique that will enable you to navigate the debit/credit maze and learn to use the accountants’ troubleshooting tool. Now that you will have some experience in basic accounting, you will be introduced to preparing financial statements that your clients will use to analyze the financial “big picture” of their company’s health.
Practice Exercise: Drill . . . drill . . . drill — Enter over 100 different transactions into 12 different companies.
Session 8 — The Earnings Account Explosion
You will be introduced to Gross Profit, what it is, and what it means about the financial condition of a company. How the income accounts connect into the balance sheet will also be taught.
Summary
When you have mastered the concepts introduced in Module 1, you will have a core understanding of the Accounting process and how to perform Bookkeeping tasks and basic reports. This knowledge will give you the ability to determine the profitability of a company and to be able to advise in key areas of incoming revenue and outgoing bills. You will now be able to go on to Module 2, Practical Small Business Applications, where you will learn to succeed in business by using professionally designed accounting systems for a variety of industries.
Module II - Practical Small Business Applications
Practical Application of Double Entry Accounting System for:
Succeed in Your Business Using Professionally Designed Industry-Specific Accounting Systems Module 1 - Accounting Made Easy, will have taught you to master the core building blocks of accounting and Bookkeeping. Module 2, Practical Small Business Applications, teaches you how to apply those principles to specific industries. You will learn to set up books from scratch, setting up all of the ledgers and journals needed to do full service Accounting for your paying clients. Your clients will learn that you are the only financial analyst that they will ever need because you can do it all!
Industry-Specific Knowledge Gives You a Competitive Advantage
When you have a leak that is flooding your home, would you call an electrician to take care of it? Of course not. You call a plumber because his specialty ensures that he can best solve your problem. Module 2 teaches you industry-specific accounting systems that make you the expert in the specialized Accounting and reporting procedures for many fields. This gives you a tremendous competitive advantage over bookkeepers that, for example, may have no clue where to start setting up accounts for a clothing retailer.
When you finish Module 2, you will have completed a set of books for that kind of business. When you approach a client, your talent and knowledge of their industry demonstrate that you are a specialist in supporting their business. In the same way that when your house floods you want a qualified plumber when a small-business owner needs help, they want someone with the hands-on experience to jump right in and get the financial leaks in their company under control. The Professional Bookkeeper™ designation demonstrates that you have the right tools and the mastery of required skills to come in and get the job done right, and done right now!
Session 1, Part 1 — Real-Life Data Entry
Most beginning Bookkeeping and Accounting positions assume that a system is already in place that you will just take the reigns on. Never make that assumption with a small-business. Their “system” may well be the box that the last pair of shoes they bought came in. When you get one of these boxes of receipts, deposits, and miscellaneous paperwork, count on the fact that you need to know how to get things started from scratch.
You will learn to understand how credit purchases affect your client’s cash flow and the overall financial health of their company. You will learn how to determine precisely where all of your client’s hard-earned dollars were spent. With the reporting skills in which you will become an expert, you will be able to present to clients the complete financial view of their business’ economic strengths and areas that need improvement. It may surprise you to know that a large percentage of businesses do not even know if they are profitable or not. They know that they are bringing in money, but often they do not know how their liabilities offset that income. YOU are the one that will bring these insights into the financial workings of their company to them. Your clients will come to rely on you and value your opinion as you lay out for them where they are really at and advise them as to what they can do to improve their bottom line.
Session 1, Part 2 — Completing the Accounting Model
You will learn how to prepare payroll in a manner that is easy to keep track of and ensures that employees are paid the right amount on time. You will learn a set of step-by-step procedures to correctly determine if a person is an employee or a contractor, and how to avoid costly IRS penalties that your client can incur if they are incorrect in their classification. Sometimes it is to your advantage to use an outside payroll service; learn when it makes sense to do so for you and your clients.
You will learn to breeze through creating quarterly reports with confidence and to understand concepts like the cost of goods sold, the relationship between markup and profit, and why your clients should care about any of these. As you educate your clients in the financial workings of their company, you prove your worth to them over and over, ensuring the clients that you have are the clients you keep so that your time is spent servicing profitable clients, not searching for new ones.
Session 2 — Practical Application in the Retail Industry
Small retail outlets can be some of your most profitable clients and a large sector of small businesses, so knowing how to service them well will add greatly to not only their bottom line but to yours. You will learn the three ways of calculating the cost of goods sold (COGS) in a real-world situation. You will experience the accounting system for three types of businesses (all under one roof): Grocery store, gas station, and auto repair shop. You will see how subsidiary ledgers tell it all and how to prepare them.
Practical Exercise: You will transform the first month of transactions for “Barry’s Gas & Groceries” into a complete set of financial statements. Since you probably visit gas stations weekly, these are easy clients to find, and some that often need your services most.
Sessions 3 – 4 — Practical Application in the Food Service & Apparel Industry
You will learn the right recipe for creating a full set of books for a bakery and catering business. You will learn to efficiently and accurately report the inventory adjustments and owner costs for the business. You will know how to highlight cash shortages and overages and to know when they are a problem.
Practical Exercise: Stewart’s Bakery has hired you as their Accountant. You will complete a month’s books from beginning to end.
Practical Exercise: Prepare a well-fitted accounting system for a clothing store and prepare the first month’s financials for City Clothing Company.
The Professional Bookkeeper™ Program
The Professional Bookkeeper™ Program gives you the practical hands-on experience to service a wide range of clients and make $40 to $60 per hour. We give you the tools, skills, and support to make your Accounting and Bookkeeping service a success and to give you financial freedom at last.
Module III - Advancing Your Accountability
Establishing a Bookkeeping System
Year-End Closing
Cash vs. Accrual Accounting
Practical Application of Double Entry Accounting System for:
Purpose: To help you set up a complete bookkeeping system, and manage clients from a variety of more sophisticated industries for your new accounting and bookkeeping business. Average time to Complete: 20 Hours
Sessions 1-2 — Dealerships: Complicated Accounting
How to effectively handle Flooring — the necessary evil of high-cost retailers
Accounting for creative selling
Understand additional sources of income that dealers have, that earn you profits, whether you are the dealer or the customer
CASE STUDY: Discover how dealerships account for large transactions by completing the accounting for a motorcycle dealership (City Cycle Company)
Sessions 3-4 — Establish the Accounting Method that Fits the Business Best
The very first two things you must do when accounting for a company
Set up an efficient system from ‘scratch’
How to establish an organized system that will ensure your value as an accountant
Choosing between the cash and accrual methods
How to set up a hybrid system that will reap the benefits of both methods
CASE STUDY: Convert Sonja’s Art and Frame from the cash basis to the accrual basis in 3 easy steps
How to get that iron-clad feeling — without a shadow of a doubt — that your financial’s are right
Identifying, customizing, and instituting effective auditing techniques
Learn how to spot and avoid dangerous trends
How to save the company thousands of dollars in auditing costs
Sessions 5-6 — Year-End Closings and Manufacturing
6 final adjustments that should be considered at year-end
Resetting the financial score
EXERCISE: Prepare the final adjusting entries and close out the general ledger for a company
How to set up and run an efficient accounting system for the small ‘mom and pop’ manufacturing company
The simplifying trick to Process Accounting — “SPECs”
How to price manufactured goods
CASE STUDY: Calculate the manufacturing costs for three months for the Widget Manufacturing Company
Sessions 7-8 — Construction and Non-Profit Accounting
Job Costing – A simple way to track costs by the project
3 construction computations that you must know
Tracking revenues and costs by month
One step that you must never forget
CASE STUDY: Perform the accounting for CR Construction
Accounting for a non-profit organization
CASE STUDY: Perform the accounting for Now Moreland Church
Session 9 — A Food Service Business
CASE STUDY: Prepare all journals, general ledgers, subsidiary ledgers, and financial statements for Alfredo’s Deli
Introduction (M1 S1 T0)
FREE PREVIEWWelcome from your Coach
Table of Content
FREE PREVIEWIs English your second language with Spanish?
Session 1 Introduction (M1 S1 T1)
FREE PREVIEWBooks Used in the Accounting Process
FREE PREVIEWIntroduction to the General Ledger
General Ledger (M1 S1 T2)
FREE PREVIEWPurchase the Downloadable PDF of Module 1
Introduction to Journals
Journals (M1 S1 T3)
FREE PREVIEWSubsidiary Ledgers (M1 S1 T4)
FREE PREVIEWSubsidiary Ledgers (M1 S1 T4)
FREE PREVIEWSession 1 Review (M1 S1 T5)
FREE PREVIEWSession 3 Introduction (M1 S3 T1)
FREE PREVIEWSample Chart of Accounts
FREE PREVIEWCurrent Assets (M1 S3 T2)
FREE PREVIEWCurrent Assets (M1 S3 T2)
FREE PREVIEWFixed Assets (M1 S3 T3)
FREE PREVIEWFixed Assets (M1 S3 T3)
FREE PREVIEWOther Assets (M1 S3 T4)
FREE PREVIEWSample Chart of Accounts (M1 S3 T4)
FREE PREVIEWLiabilities (M1 S3 T5)
FREE PREVIEWLiabilities (M1 S3 T5)
FREE PREVIEWSession 3 Review (M1 S3 T6)
FREE PREVIEWSession 5 Introduction (M1 S5 T1)
FREE PREVIEWDepreciation (M1 S5 T2)
Depreciation (M1 S5 T2)
Straight Line (M1 S5 T3)
Double Declining (M1 S5 T4)
Straight Line - Units (M1 S5 T4)
Units of Output (M1 S5 T5)
Bad Debt Allowance (M1 S5 T6)
Session 5 Review (M1 S5 T6)
FREE PREVIEWReview (M1 S5 T6)
Session 6 Introduction (M1 S6 T1)
FREE PREVIEWBalance Sheet Part 2 (M1 S5 T5)
Proprietorships (M1 S6 T2)
Partnerships (M1 S6 T3)
Proprietorships and Partnerships (M1 S6 T3)
Corporations (M1 S6 T4)
Income Tax Payments (M1 S6 T5)
Corporations and Tax (M1 S6 T4)
Session 6 Review (M1 S6 T6)
Prime Corporate Services
Session 7 Introduction (M1 S7 T1)
FREE PREVIEWLearning Activity: Balance Sheet Accounts
Balance Sheet LA 5.1 (M1 S7 T2)
Balance Sheet LA 5.1 (M1 S7 T2)
Balance Sheet LA 5.1 Answer Sheet (M1 S7 T2)
Balance Sheet LA 5.2 (M1 S7 T3)
Balance Sheet LA 5.2 (M1 S7 T3)
Balance Sheet LA 5.2 Answer Sheet (M1 S7 T3)
Balance Sheet LA 5.3 (M1 S7 T4)
Balance Sheet LA 5.3 (M1 S7 T4)
Balance Sheet LA 5.3 Answer Sheet (M1 S7 T4)
Balance Sheet LA 5.4 (M1 S7 T5)
Balance Sheet LA 5.4 (M1 S7 T5)
Balance Sheet LA 5.4 Answer Sheet (M1 S7 T5)
Intro to T Accounts (M1 S7 T6)
Intro to T-Accounts (M1 S7 T6)
Supplemental Packet 1-3
Learning Activity: Supplemental Packet
T Accounts Supplemental Packet Problem 1 (M1 S7 T7)
T-Accounts Learning Activities 5.5 to 5.7 (M1 S7 T8)
T Accounts LA 5.5 (M1 S7 T8)
T Accounts LA 5.5 Answer Sheet (M1 S7 T8)
T Accounts LA 5.6 (M1 S7 T8)
T Accounts LA 5.6 Answer Sheet (M1 S7 T8)
T Accounts LA 5.7 (M1 S7 T8)
T Accounts LA 5.7 Answer Sheet (M1 S7 T8)
T Accounts Intro Packet Problem 2 (M1 S7 T9)
Accounts Intro Packet Problem 2 (M1 S7 T9)
T Accounts LA 5.8 (M1 S7 T9)
T Accounts LA 5.8 Answer Sheet (M1 S7 T9)
T Accounts LA 5.9 (M1 S7 T9)
T Accounts LA 5.9 Answer Sheet (M1 S7 T9)
T Accounts LA 5.10 (M1 S7 T9)
T Accounts LA 5.10 Answer Sheet (M1 S7 T9)
Session 7 Review (M1 S7 T9)
Session 7 Review (M1 S7 T9)
Learning Activity Worksheets
Session 8 Introduction (M1 S8 T1)
FREE PREVIEWEarnings Account Sub-Accounts (M1 S8 T2)
Earnings Sub-Accounts (M1 S8 T2)
Earnings Account Sub-Accounts - Expenses (M1 S8 T3)
Earnings Account Sub-Accounts - Expenses (M1 S8 T3)
T Accounts Supplemental Packet Problem 3 (M1 S8 T4)
Earnings Account Explosion (M1 S8 T5)
Supplemental Answer Key T-account 3
Learning Activity: Earnings Accounts
Explosion LA 6.1a (M1 S8 T5)
Explosion LA 6.1b (M1 S8 T5)
Explosion LA 6.1 Answer Sheet (M1 S8 T5)
Explosion LA 6.2a (M1 S8 T5)
Explosion LA 6.2b (M1 S8 T5)
Explosion LA 6.2 Answer Sheet (M1 S8 T5)
Explosion LA 6.3a (M1 S8 T5)
Explosion LA 6.3b (M1 S8 T52)
Explosion LA 6.3 Answer Sheet (M1 S8 T5)
The Earnings Account Explosion (M1 S8 T4d)
FLASHCARDS (Chart of Accounts)
Session 8 Review (M1 S8 T6)
Cost of Goods Sold (M1 S9)
Chapter 7 Sales and Cost of Sales (M1 S9)
Learning Activity: Sales and Cost of Goods Sold
General Ledger Review (M1 S10)
General Ledger Review Answer Sheet (M1 S10)
Bonus Percentage Practice Set 1 (M1 S11)
Learning Activity: Percentage Practice
Bonus Percentage Practice Set 1 Answer Sheet (M1 S11)
Bonus Percentage Practice Set 2 (M1 S11)
Bonus Percentage Practice Set 2 Answer Sheet (M1 S11)
Debits and Credits in a Nutshell (M1 S12)
Module 1 Review with Ken Bostrom (Optional)
Glossary for Bookkeepers
Professional Bookkeeper Module 1 Practice Exam
Introduction (M2 S1 T0)
FREE PREVIEWPurchase the Downloadable PDF of Module 2
Table of Contents
Introduction (M2 S1 T0)
Role of Journals (M2 S1 T1)
Role of Journals (M2 S1 T1)
Learning Activity: Artistic Furniture
Purchase Orders (M2 S1 T2)
Purchase Orders (M2 S1 T2)
Stock Cards (M2 S1 T3)
Total PJ columns (M2 S1 T4)
Balance Purchase Journal (M2 S1 T5)
Purchase Orders Answers (M2 S1 T2)
Cash Disbursements Checks (M2 S1 T6)
Journalize Cash Disbursements (M2 S1 T7)
Disbursements Journal (M2 S1 T4)
Balance Cash Disbursements Journal (M2 S1 T8)
Disbursements Journal Answers (M2 S1 T4)
Journalize Sales Invoices (M2 S1 T9)
Sales Journal (M2 S1 T5)
Balance Sales Journal (M2 S1 T10)
Sales Journal Answers (M2 S1 T5)
Record First Deposit (M2 S1 T11)
Cash Receipts Journal (M2 S1 T12)
Cash Receipts Journal (M2 S1 T6)
Balancing Cash Receipts (M2 S1 T13)
Cash Receipts Journal Answers (M2 S1 T6)
Posting to General Ledger (M2 S1 T14)
Posting to General Ledger (M2 S1 T7)
Employee vs Contractor (M2 S1 T15)
Payroll Journal (M2 S1 T16)
Payroll Journal (M2 S1 T16)
Balance Payroll Journal (M2 S1 T17)
Payroll Journal Answers (M2 S1 T16)
Intro to General Journal (M2 S1 T18)
General Journal (M2 S1 T18)
General Journal Entries A and B (M2 S1 T19)
Cash Disbursements Journal Payroll Account (M2 S1 T20)
Cash Disbursements Journal Payroll Account (M2 S1 T20)
Cash Disbursements Journal Payroll Account Answers (M2 S1 T20)
Finish General Journal (M2 S1 T21)
General Journal Answers (M2 S1 T21)
Standard Entries Journal (M2 S1 T22)
Standard Entries Journal (M2 S1 T22)
Standard Entries Journal Answers (M2 S1 T22)
Artistic Furniture Learning Activity Submition
Session 1 Review (M2 S1 T23)
Barry's Gas and Groceries - Chart of Accounts (M2 S2 T1)
Barry's Gas and Groceries - Chart of Accounts (M2 S2 T1)
Learning Activity: Barry's Gas and Grocery
Barry's Gas and Groceries - Z-Tapes (M2 S2 T2)
Z-Tapes (M2 S2 T2)
Z-Tapes Answers (M2 S2 T2)
Barry's Gas and Groceries - Parts and Service Invoices (M2 S2 T3)
Parts and Service Invoices (M2 S2 T3)
Parts and Service Invoices Answers (M2 S2 T3)
Barry's Gas and Groceries - Checks (M2 S2 T4)
Check Stubs and Purchase Order (M2 S2 T4)
Check Stubs and Purchase Order Answers (M2 S2 T4)
Barry's Gas and Groceries - Payroll Checks (M2 S2 T5)
Payroll Checks (M2 S2 T5)
Payroll Checks Answers (M2 S2 T5)
Barry's Gas and Groceries - Entering Adjustments and Corrections (M2 S2 T6)
Entering Adjustments and Corrections (M2 S2 T6)
General Journal Answers (M2 S2 T6)
Barry's Gas and Groceries - Calculating Cost of Goods Sold (M2 S2 T7)
Barry's Gas and Groceries - Posting to the General Ledger (M2 S2 T8)
Posting to the General Ledger (M2 S2 T8)
General Ledger Answers (M2 S2 T8)
Barry's Gas and Groceries -Totaling Accounts in the General Ledger (M2 S2 T9)
Barry's Gas and Groceries -Prepare the Trial Balance (M2 S2 T10)
Prepare the Trial Balance (M2 S2 T10)
Trial Balance Answers (M2 S2 T10)
Barry's Gas and Groceries -Prepare the Financial Statements (M2 S2 T11)
Prepare the Financial Statements (M2 S2 T11)
Financial Statements Answers (M2 S2 T11)
Barry's Gas and Groceries - Financial Statement Interpretation (M2 S2 T12)
Subsidiary Ledgers (M2 S2 T12)
Subsidiary Ledgers Answers (M2 S2 T12)
Barry's Gas and Groceries Learning Activity Submission
Introduction (M2 S3 T0)
Working Capital and Current Ratio (M2 S3 T1)
Stewarts Bakery - Introduction (M2 S3 T2)
Stewart's Bakery - Introduction (M2 S3 T2)
Stewarts Bakery - Cash Receipts and Sales (M2 S3 T3)
Stewart's Bakery - Cash Receipts and Sales Journal (M2 S3 T3)
Stewart's Bakery - Cash Receipts and Sales Journal Answers (M2 S3 T3)
Stewarts Bakery - Cash Disbursements (M2 S3 T4)
Learning Activity: Stewart's Bakery
Stewart's Bakery - Cash Disbursements Journal (M2 S3 T4)
Stewart's Bakery - Cash Disbursements Journal Answers (M2 S3 T4)
Stewarts Bakery - Payroll Journal (M2 S3 T5)
Stewart's Bakery - Payroll Journal (M2 S3 T5)
Stewart's Bakery - Payroll Journal Answers (M2 S3 T5)
Stewarts Bakery - General Journal (M2 S3 T6)
Stewart's Bakery - General Journal (M2 S3 T6)
Stewart's Bakery - General Journal Answers (M2 S3 T6)
Stewarts Bakery - General and Subsidiary Ledgers (M2 S3 T7)
Stewart's Bakery - General and Subsidiary Ledgers (M2 S3 T7)
Stewart's Bakery - General and Subsidiary Ledgers Answers (M2 S3 T7)
Stewart's Bakery Learning Activity Submission
Introduction (M2 S4 T0)
City Clothing Center (M2 S4 T1)
Learning Activity: City Clothing Center
City Clothing Center (M2 S4 T1)
City Clothing Center Answers (M2 S4 T1)
City Clothing Center Learning Activity Submission
Mid-term review with Ken Bostrom (Optional)
Professional Bookkeeper Module 2 Practice Exam
Welcome
Introduction (M3 S0)
Purchase the Downloadable PDF of Module 3
Introduction and Index (M3 S0 T0)
Introduction (M3 S1 T0)
City Cycle - Inventory Financed Business (M3 S1 T1)
City Cycle Company (M3 S1 T1)
City Cycle - Motorcycle Sales Transaction (M3 S1 T2)
City Cycle Company - Motorcycle Sales Transaction (M3 S1 T2)
Learning Activity: City Cycle Company
City Cycle - Bookkeeping Process Review (M3 S1 T3)
City Cycle Company - Bookkeeping Process Review (M3 S1 T3)
City Cycle Company - Bookkeeping Process Review Answers (M3 S1 T3)
Introduction to Auditing (M3 S2 T0)
Auditing (M3 S2 T1)
Introduction to Auditing (M3 S2 T1)
Internal Auditing - Step 1 (M3 S2 T2)
Internal Auditing - Step 1 (M3 S2 T2)
Reconciling Inventory (M3 S2 T3)
Reconciling Inventory (M3 S2 T3)
Reconciling Inventory Answers (M3 S2 T3)
Auditing Fixed Assets (M3 S2 T4)
Fixed Assets (M3 S2 T4)
Disposing of Fixed Assets - Part 1 (M3 S2 T5)
Fixed Assets Disposal (M3 S2 T5)
Fixed Assets Disposal Answers (M3 S2 T5)
Disposing of Fixed Assets - Part 2 (M3 S2 T6)
Disposing of Fixed Assets - Part 3 (M3 S2 T7)
Disposing of Fixed Assets - Part 4 (M3 S2 T8)
Disposing of Fixed Assets - Part 5 (M3 S2 T9)
Disposing of Fixed Assets - Part 6 (M3 S2 T10)
Inventory Stock Card (M3 S2 T10)
Auditing Liabilities (M3 S2 T11)
Internal Auditing - Step 2 (M3 S2 T12)
Internal Auditing - Step 3 (M3 S2 T13)
Session 2 Review (M3 S2 T14)
City Cycle Company Learning Activity Submission
Setting Up the Books (M3 S3 T1)
Replacing an Accountant (M3 S3 T2)
Setting up the Books (M3 S3 T2)
Setting Up a New Business (M3 S3 T3)
Setting Up an Existing Company (M3 S3 T4)
Setting up Existing Company (M3 S3 T4)
Session 3 Review (M3 S3 T5)
Introduction to Cash Accounting (M3 S4 T0)
Cash Accounting (M3 S4 T1)
Introduction to Cash Accounting (M3 S4 T1)
Sonja's Art and Frame - Introduction (M3 S4 T2)
Learning Activity: Sonja's Art and Frame Shop
Sonja's Art and Frame (M3 S4 T2)
The Daily Cash Report (M3 S4 T3)
The Daily Cash Report (M3 S4 T3)
Completing the Cash Method (M3 S4 T4)
Sonja's Art and Frame - Completing the Cash Method (M3 S4 T4)
The Client Organizer (M3 S4 T5)
The Client Organizer (M3 S4 T5)
Sonja's Art and Frame - Making the Conversion Entry (M3 S4 T6)
Making the Conversion Entry (M3 S4 T6)
Making the Conversion Entry Answers (M3 S4 T6)
Sonja's Art and Frame - Analyzing Conversion Results (M3 S4 T7)
Outline (M3 S4 T7)
Session 4 Review (M3 S4 T8)
Sonja's Art and Frame Learning Activity Submission
The 13th Month Introduction (M3 S5 T0)
Fiscal Versus Calendar Year (M3 S5 T1)
Learning Activity: Year-end Closing (13th Month)
Year End Adjustments (M3 S5 T2)
Year End Adjustments (M3 S5 T2)
Year End Adjustments Answers (M3 S5 T2)
Inventory Valuation Methods Part 1 (M3 S5 T3)
Inventory Valuation Methods Part 2 (M3 S5 T4)
Company Bonuses (M3 S5 T5)
Adjust Depreciation (M3 S5 T6)
Estimated Income Tax (M3 S5 T7)
Memo 12-Month Earnings (M3 S5 T8)
Year-End Closing Entry (M3 S5 T9)
T-Notes (M3 S5 T9)
Session 5 Review (M3 S5 T10)
Year-end Closing Learning Activity Submission
Introduction to Accounting for a Manufacturer (M3 S6 T0)
Manufacturing Inventories (M3 S6 T1)
Manufacturing Inventories (M3 S6 T1)
Maufacturing Example of Transaction Flow (M3 S6 T2)
Manufacturing Example of Transaction Flow (M3 S6 T2)
Learning Activity: Manufacturing Accounting
Manufacturing Example of Transaction Flow Learning Activity (M3 S6 T2)
Manufacturing Example of Transaction Flow Learning Activity Answers (M3 S6 T2)
Maufacturing Expenses (M3 S6 T3)
Manufacturing Expense (M3 S6 T3)
Calculating a Selling Price (M3 S6 T4)
Calculating a Selling Price (M3 S6 T4)
Session 6 Review (M3 S6 T5)
T-Notes (M3 S6 T5)
Manufacturing Learning Activity Submission
Introduction to Construction Accounting (M3 S7 T0)
Construction Accounting (M3 S7 T1)
Learning Activity: CR Construction
Construction Accounting (M3 S7 T1)
T-Notes (M3 S7 T1)
CR Construction Company (M3 S7 T2)
CR Construction Company (M3 S7 T2)
CR Construction Company Answers (M3 S7 T2)
CR Construction Company Part 2 (M3 S7 T3)
CR Construction Continued (M3 S7 T3)
Overhead Allocations Part 1 (M3 S7 T4)
Computing the Amount of Monthly Operating Expenses Part 1 (M3 S7 T4)
Computing the Amount of Monthly Operating Expenses Answers (M3 S7 T4)
Overhead Allocations Part 2 (M3 S7 T5)
Computing Earned Profit to Date Part 2 (M3 S7 T5)
Computing Earned Profit to Date Answers (M3 S7 T5)
Overhead Allocations Part 3 (M3 S7 T6)
Compute Billings Based on Percentage of Completion Part 3 (M3 S7 T6)
Compute Billings Based on Percentage of Completion Answers (M3 S7 T6)
Percentage of Completion Part 1 (M3 S7 T7)
Percentage of Completion Part 2 (M3 S7 T8)
Theoretical Earnings Part 1 (M3 S7 T9)
Theoretical Earnings Part 2 (M3 S7 T10)
Advance Billings (M3 S7 T11)
Construction Forms (M3 S7 T12)
Contractor Weekly Deposit Report (M3 S7 T12)
Session 7 Review (M3 S7 T13)
CR Construction Assignment Submission
Introduction to Non-Profit Organization
Not-for-Profit Explained (M3 S8 T1)
Not-for-profit Explained (M3 S8 T1)
Learning Activity: New Moreland Church
New Moreland Church (M3 S8 T2)
New Moreland Church Journals and Ledgers (M3 S8 T2)
New Moreland Church Journals and Ledgers Answers (M3 S8 T2)
New Moreland Church Forms (M3 S8 T2)
New Moreland Church Assignment Submission
Introduction to Alfredo's Deli
Alfredo's Deli
Standard Entries Journal Explanation
Standard Entries Journal
Finishing Alfredo's Deli Explanation
Finishing Alfredo's Deli
Alfredo's Deli Answers
PRINT: Learning Activity - Alfredo's Deli
Module Wrap Up
Module III: Advancing Your Account-Ability Practice Exam
Professional Bookkeeper Final Review with Ken Bostrom (Optional)
What are 1099s and what do I need to know?
Abernathy's Photography Studio
Carl's Chiropractic Clinic
The information in the course is not only plentiful but also straight to the point. I love the courses in general because its doesn't have the unnecessary f...
Read MoreThe information in the course is not only plentiful but also straight to the point. I love the courses in general because its doesn't have the unnecessary fluff other courses have.
Read LessI honestly believe this module is just like they mentioned. It is the one that will separate those of us who take it, from other bookkeepers who did not.
I honestly believe this module is just like they mentioned. It is the one that will separate those of us who take it, from other bookkeepers who did not.
Read LessThe Professional Bookkeeper course has been a truly wonderful experience. Throughout the program, I have gained a profound understanding of bookkeeping princ...
Read MoreThe Professional Bookkeeper course has been a truly wonderful experience. Throughout the program, I have gained a profound understanding of bookkeeping principles and practices essential for managing any business's finances. What stands out the most about this course is the versatility of its learning process, allowing students to absorb knowledge effectively and at their own pace. The course content is well-structured, covering a wide range of topics from basic concepts to advanced accounting techniques. This ensures not only a solid foundation in bookkeeping but also prepares students to tackle more complex accounting challenges. The final exam, though rigorous, is an excellent tool for consolidating and assessing the acquired knowledge. Going through this exam has given me great confidence in my abilities and prepared me to apply this knowledge in the real world. I highly recommend the Professional Bookkeeper course to anyone looking to enhance their accounting skills and advance their career. The quality of instruction and the flexibility of the learning process make this course a valuable investment in my education and professional development.
Read LessIt’s an amazing course and really ENJOYED IT
It’s an amazing course and really ENJOYED IT
Read LessThis course is a clear and concise course. It clearly teaches manufacturing and contracting plus it completes all odd and ends of bookkeeping.
This course is a clear and concise course. It clearly teaches manufacturing and contracting plus it completes all odd and ends of bookkeeping.
Read LessFantastic double-entry accounting and full-charge bookkeeping and financial statement and analysis training. I would recommended to college Alumnus and Alumni.
Read MoreFantastic double-entry accounting and full-charge bookkeeping and financial statement and analysis training. I would recommended to college Alumnus and Alumni.
Read LessLoved all the extra details and companies I was able to learn about.
Loved all the extra details and companies I was able to learn about.
Read Less 
Purpose: To assist you in successfully creating your own professional in-home, or office-based bookkeeping and accounting service. Average time to complete: 10 Hours
(Building A Successful Accounting Service – Table of Content)
Session 1 — A Food Service Business
Income tax forms with which you should become familiar
CASE STUDY: Prepare all journals, general ledgers, subsidiary ledgers, and financial statements for Alfredo’s Deli
Session 2 — Fast Track Your Start-up
What you need to do to ensure success:
The four fears that will stop your individual progress and what to do about them
Seven issues every freelancer should consider when starting an accounting service
A step-by-step process of starting right
What equipment you need to make it work
What to put on those business cards
Session 3 — Marketing — It’s More than Advertising
The “Key Three” marketing strategies that everyone should begin with:
Nine additional marketing strategies that will win you clients
Proven marketing letters
Preparing your “30 Second Commercial”
Keep your name in front of your contacts
How to network with the pros
Sessions 4-6 — Professional Presentations and Fee Calculations
Make every contact count
The three objectives of every presentation
Getting the client to scream “Yes”
Calculating a fair and honest fee for your services
Getting the money upfront
What to charge for other services
The Ten Tips to Business Success
The intent of this module is to help you start your bookkeeping and accounting business such that you are in business for yourself but not by yourself. In addition to creating your business plan, you’ll work with your assigned business coach to identify and implement effectively proven marketing efforts that we’ve determined to be both effective and inexpensive.
Here’s what you can expect:
You’ll have an assigned Marketing Coach to support & help build a bookkeeping business
Building a Successful Bookkeeping Service: The turnkey process to start & build a successful accounting business. This includes proven marketing strategies, pricing, client interviewing for budgeting & forecasting and much more.
As part of your enrollment and upon completion of the program you’ll have the opportunity to speak with your assigned business coach and have a Marketing Implementation Session. This will be a one-on-one discussion to develop your business plan and a clear marketing strategy to get you the clients you need.
