Bookkeeping

Your company’s accountant uses the credits and debits recorded in the company’s books “or ledgers”. These ledgers are prepared by the company’s bookkeepers to create its financial statements. In this fundamental course, we cover the four key steps in the bookkeeping process: analyzing, recording, summarizing transactions, and preparing financial reports. We explain the components of a journal entry (debits and credits) and the essential questions a bookkeeper/accountant asks in reviewing those transactions. We also explain how accountants translate ledger information into financial statements, and the role of financial management software, such as QuickBooks, use in helping businesses manage their accounts.