One of the subjects on my Matric Certificate is Accounting. I did High School Accounting from Grade 9 until Grade 12. I also did 2 years of accounting while at University as part of my B.Com IT degree. I cannot begin to explain how much this basic accounting knowledge has helped me to budget and do our household and business bookkeeping. Just knowing the basic accounting principles has allowed us to live without a credit card or any unnecessary debt. It has helped me so much that I believe everyone should be able to learn basic bookkeeping and accounting for free. This is why I developed this free online bookkeeping course.
This free online bookkeeping course is intended for you to teach yourself bookkeeping in order to do your household bookkeeping or to maintain the books of your small business. By the end of this course, you should be able to maintain the daily bookkeeping tasks and prepare an income statement and balance sheet for your business, or your household.
These lessons will be released on Monday, Wednesday and Friday, starting on the 2 of November 2015. The list below with links to each lesson will update as the lessons are released. Bookmark this page, and/or subscribe via email to the right in order to make sure you never miss a lesson of this free online bookkeeping course.
Free Online Bookkeeping Course – Lesson List
This course begins on the 2 November 2015. The first lesson link will appear below on that date. New lessons are uploaded every Monday, Wednesday and Friday.
Basic Bookkeeping Lesson 1 – Introduction
In this first article of my Basic Bookkeeping Course, I discuss a model that can be used to prioritize needs, why you should focus on making a profit even within a household setting and the role of money in our current system.
Basic Bookkeeping Lesson 2 – Run your household like a business
In this article, I discuss why you should run your household like a business. I also discuss 7 things you need to consider before you start a business, and translate these 7 things to be relevant to running your household like a business.
Basic Bookkeeping Lesson 3 – Begin bookkeeping in your business or household
Lesson 3 discusses the things you need to look out for when creating a bank account and how to issue a receipt for money received. I discuss the capital contribution of the owner, and what a capital contribution will look like in a household.
Basic Bookkeeping Lesson 4 – The Business Activity Cycle
I discuss the cycle of business daily/monthly activities as in a trading business and in a service business. I then translate the service business activity cycle into one for a household.
Basic Bookkeeping Lesson 5 – Foundation Accounting Knowledge
In this lesson I discuss some basic account principles and concepts such as the assets and owners equity equation and capital contribution.
Basic Bookkeeping Lesson 6 – How to make entries into Ledger Accounts
This is the lesson where accounting get’s serious. I teach you how to create your General Ledger and how to make transaction entries into your ledger accounts.