Service Description

In this course we introduce you to the essential skills and concepts of bookkeeping and accounting. a) Gain practical skills in the responsibilities of Day-to-Day bookkeeping, harmonize and make the process simple – saving you in the long run. b) Gain knowledge and understanding of bookkeeping and accounting. c) Various stakeholders looking for this information? d) Different forms of Business Organizations that can be setup e) Accrual Basis versus Cash Basis of Accounting – what are these and why f) Banking, Credit Cards etc. How should we use them for Business purposes. g) Review and understand the different financial statements: a. Balance Sheet (also known as the statement of financial position) b. Profit and Loss (also known as the income statement). c. Statement of Changes in Equity d. Cash Flow Statement h) HST – Sales Taxes remittances or refunds? How does it work. i) Managing Payroll including Government remittances. How do they work. j) Benefits of Bookkeeping Software versus managing on paper? k) Recent trends in the marketplace – Electronic transactions etc.

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