Bookkeeping Basics

Chapter 1: Bookkeeping

Bookkeeping is where financial tracking begins. This chapter covers what bookkeeping is, why it matters, and how it differs from accounting. It’s your first step toward organizing transactions and managing money wisely—perfect for beginners and small business owners.

1. What is Bookkeeping?
2. Importance of Bookkeeping in Business
3. Accounting vs Bookkeeping

Chapter 2: Bookkeeping Systems and Methods

This chapter explores bookkeeping systems—from single vs. double-entry to manual vs. computerized methods. You’ll also learn how cloud-based tools are transforming bookkeeping, helping you choose the right approach for your business needs.

1. Single Entry vs Double Entry Bookkeeping
2. Manual vs Computerized Bookkeeping
3. Cloud-Based Bookkeeping Solutions

Chapter 3: The Accounting Equation & Financial Transactions

This chapter covers the Accounting Equation—Assets = Liabilities + Equity—and how it connects to everyday business transactions. You’ll learn how it keeps your books balanced and why it’s the foundation for all accounting and bookkeeping work.

1. Understanding the Accounting Equation
2. Assets, Liabilities & Equity
3. Recording Business Transaction

Chapter 4: Chart of Accounts & General Ledger

This chapter introduces the Chart of Accounts and General Ledger—key tools for organizing financial data. You’ll learn how accounts are mapped, how transactions are posted, and which accounts are used most often to keep your books clear and accurate.

1. Understanding the Chart of Accounts
2. Posting Entries in General Ledger
3. Common Bookkeeping Accounts

Chapter 5: Recording Transactions

This chapter focuses on how to record financial transactions through journal entries, ledgers, and adjustments. You’ll learn to track sales, expenses, and end-of-period updates—giving you the skills to keep your records accurate and up to date.

1. Journal Entries and Ledgers
2. Recording Sales and Expenses
3. Adjusting Entries

Chapter 6: Bank Reconciliation

This chapter teaches you how to reconcile your bank account—an essential habit in bookkeeping. You’ll learn why it matters, how to do it step by step, and how to catch and fix errors to keep your records and bank balance perfectly aligned.

1. Importance of Reconciliation
2. Steps in Reconciling Bank Statement
3. Identifying and Correcting Errors

Chapter 7: Payroll Processing

This chapter covers payroll accounting—more than just paying employees. You’ll learn how to calculate pay, handle taxes and deductions, and keep accurate records to stay legal, compliant, and trusted by your team.

1. Basics of Payroll Accounting
2. Payroll Taxes and Deductions
3. Payroll Record-Keeping

Chapter 8: Bookkeeping for Different Business Structures

This chapter explains how bookkeeping varies by business type—sole proprietorship, partnership, LLC, or corporation. You’ll learn how to record transactions, track ownership, and manage taxes based on your structure, helping you stay organized and compliant.

1. Sole Proprietorship Bookkeeping
2. Partnership & LLC Bookkeeping
3. Corporate Bookkeeping

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