Bookkeeping Basics #1: Understand the Fundamentals (Udemy.com)

Learn bookkeeping terms and concepts to make owners, employees & students more confident and successful!

( 287 Reviews )

Created by: Ron Trucks

Produced in 2021

What you will learn

Understand the basics of bookkeeping helping business owners and managers feel more confident

Quality Score

Content Quality

Video Quality

Qualified Instructor

Course Pace

Course Depth & Coverage

Overall Score : 92 / 100

Course Description

As a business owner, entrepreneur,employee or studentyou may be great in your field but that doesn't mean you're strong in every area of running a business...

A great chef may be incredible in the kitchen...
An award-winning body builder can help the most out of shape person...
A talented web designer or graphic artist may create unbelievable designs...

But when it's time to balance the checkbook or talk to the CPA at tax time, it feels like it's a completely different language you've never learned!

Using simple, easy-to-understand discussion, illustrations and note sheets, this 4.
5hour course with over 50 video lessonsteaches you the basic building blocks of how money is tracked and what that means to your business or project.

Everyday examples using common phrases and terms you already know allows the instructor to teach that "other language" and for you to feel more confident in working with vendors, customers, employees, investors, instructors and more!

After completing the course, students will feel more confident and knowledgeableon topics such as...

What is Income and how do you track it?
Which types of Expenses can be claimed by your businessThe difference between Assets, Liabilities and EquityThe Five W's of BookkeepingTransactions, The FundamentalFinancial Equation and Charts of Accounts.
Accounts Receivables and Accounts PayablesReading Financial ReportsBusiness Odds and Ends such as Mileage Tracking, Credit Terms, Shipping and Freight, Trade DiscountsThe Top 10 Mistakes Small Businesses MakeThe Top 6 Tips for Good BookkeepingWho this course is for:
This course is designed for both new and established small business owners and managers who may be strong in their own fields but want a better understanding of the basic concepts of tracking their company finances as well as students beginning the journey of learning bookkeeping.
A stronger grasp of these basics concepts helps every area of business from communicating with their CPA's/tax advisors to making better decisions for the company and employees; to students learning to communicate with their instructors.

Time: 4.5h

Instructor Details

Ron Trucks

4.6 Rating
287 Reviews

Over 25 years ago, after building his experience in the hospitality industry and working with many business start-ups, Ron Trucks founded his privately owned firm guiding and coaching small businesses and non-profit organizationsin a wide variety of fields and industries bothin his home town of St. Louis, MO and across the country.
In addition to his professional work in small-business support, Ron has also been an Business Management adjunct instructor at Jefferson College in Hillsboro, MO for over 15 years.
Over thosetwo-plus decades of both teaching and coaching small businesses and non-profit organizations, Ron has served on various boards and in many volunteer positions including the Board of Directors of a $300 million dollar credit union, developing leadership skills with members of national fraternities and sororities, and working with troubled youth dealing with identity and self-confidence issues.

Reviews

4.6

287 total reviews

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Write a Review

By Lucy Pedlar on 11/15/2020

Better than I excepted and I learned a lot. Thank you

By Rebecca Balken on 11/15/2020

I wish I would have taken this course years ago. It was a little too basic for my present skills but did an amazing job summarizing the most important aspects of bookkeeping and starting a small business. I still learned some new things and some others were reinforced. I recommend this course to anyone just starting out or anyone who thinks they may have started out incorrectly.

By Charles Hogue on 11/15/2020

This was a little more basic thatn I expected, but useful information for a true beginner. I think it would be helpful to spend a little time explaining how to make entries in the various categories and chart of accounts.

By Sabrina Lindo on 11/8/2020

Yes very good match, specially explaining the basic fundamentals. Ron is excellent with explanations

By sekinat Dabiri on 11/8/2020

wow!!!
was an experience

By Jean SongWinds on 11/8/2020

Refresher course and very well examined due to the depth of explanations and resources. I highly recommend this course.

By Albion M Seavey on 11/8/2020

Good course for overview of bookkeeping concepts and issues to be aware of and suggestions on how to handle.

By Annalisa on 11/8/2020

The course was good. the resources and notes was great. I learned a great deal and get wait to continue learning more about bookkeeping

By Brandon Nowasky on 10/26/2020

Well organized and clearly presented. A great place to start for someone with no previous experience in bookkeeping. Lays a nice foundation. Now I'm off to part 2.

By Staci Baker on 10/24/2020

Excellent course.

By Isla King on 10/22/2020

It broke down the basics of bookkeeping in easy to understand bite size pieces, so I could fit it around my other responsibilities. Will definitely be heading onto course 2.

By Loida Alvarez on 10/18/2020