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Bookkeeping 101

Bookkeeping 101 will teach you much more than the bookkeeping basics.

Here you will find help and information on everything from setting up a chart of accounts to preparing financial reports.

You can get started learning right away by clicking on any one of the links below...

Accounts Payable

The accounts payable account is used to record the bills of a business that are outstanding and is also referred to as A/P which is Accounts Payable for short.

Accounts Receivable

Accounts receivable is the term that bookkeepers and accountants use to refer to the outstanding money that is owed to you for sales that you have already made that haven't been paid for yet.

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Balance Sheet

The balance sheet is a report that gives you a summary of the financial situation of a business on any given date. It will show you the value of your company's assets, liabilities, and equity. Click on the balance sheet link to learn more about this important financial tool.

Chart of Accounts

The chart of accounts is the foundation of your bookkeeping system, so it is very important to have a good understanding of how it works. This is a great place to get started on your learning adventure.

Profit and Loss Statement

If you are like most new business owners just starting their business, you don't know how to read financial statements. And that can be detrimental to your success. But your business is going to be a success! Why?...

Because you are already here ready, able and willing to learn how to read and use the profit & loss statement (otherwise known as an income statement).

Click here to start reading your free Online Bookkeeping Course called "Service Sellers Masters Course" today. If you want to print a copy and review the e-book offline, right-click to download it.

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