Part I
First Steps
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In this part …
Discover the qualities of a good bookkeeper, as well as what training, skills and experience is required.
Build your first list of accounts, and learn about the difference between assets and liabilities, cost of sales and expenses, equity and income. Look at how to analyse income in more detail, setting up different cost centres for different parts of your business.
Get serious about bookkeeping, and take a couple of hours to understand the theory that lies behind debits and credits, and how this theory forms the backbone of double-entry bookkeeping.
Find out the difference between cash accounting and accrual accounting, and how this difference impacts the way you record transactions.
