Udemy
UdemyAbacus Auto Balance Accounting System
4.6(37)1k studentsBEGINNEREnglish
Korshub's take
Overview
This course compresses the fundamentals of bookkeeping into under an hour, using the Abacus Auto Balance system as its framework. Starting from the basic principles of double-entry bookkeeping, it works through accounts and journals, profit and loss statements, petty cash books, stock control, and balance sheets, with a downloadable PDF reference to follow along.
Who it's for
Beginners who need practical bookkeeping skills for running a small business — or understanding a large one — without prior accounting background.
Key takeaways
- The core rules of double-entry bookkeeping and how a bookkeeping system is structured
- How to record transactions and prepare financial statements
- Coverage of profit and loss accounts, petty cash, stock control, and balance sheets, plus the basics of VAT where applicable
- A hands-on Excel working example, with answers explained line by line to test what you've learned
About this course
Welcome to the ABACUS Auto Balance Accounting System Bookkeeping Course.
In less than an hour you will learn the simple rules and practical applications of bookkeeping that can be used to run either large or small businesses.
Following the course material provided as a downloadable PDF reference, we start with a brief outline of the principles of bookkeeping and will cover all the basics related to accounting and double entry bookkeeping.
With plenty of examples throughout the course, we will show you how the structure of a bookkeeping system works and you will be taught how to record transactions and draw up and read financial statements.
Also covered in this course are the different accounts and journals, profit and loss accounts, petty cash books, stock and stock control, balance sheets and if applicable to your country of business residence we cover the basics of value added tax.
We have provided an Excel spreadsheet that you can use for the given working example which you can test your knowledge with at the end of the course and we then go through the answers line by line
You can then apply these fundamental skills and successfully run any large or small real-world business.
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