Free Accounting Tutorial – Accounting for Small Businesses & Side Hustles
Learn the basics of accounting and bookkeeping in this course designed for small business owners and freelancers. Understand financial statements, develop forecasts, and make data-driven decisions. No prior experience needed.
This course provides business owners, self-employed individuals, freelancers, and gig workers an introduction to the basics of accounting and bookkeeping. This course is designed to help you develop an understanding of key parts of your business accounting and provide you with actionable knowledge to have intelligent conversations with your accountant. Ultimately, by completing this course, you will be able to better understand your business performance, read and understand financial statements, and understand the process of developing your business financial forecast.By the end of this course you will have learned:Basics of accountingUnderstand the key components of your business accountingBreak down of balance sheet, income statement, and statement of cash flowMake proper use of accounting informationGain insights into the process of developing financial statements and financial forecastsComprehend the relationship between bookkeeping and tax planningMake data-driven business and financial decisionsAlso, on a higher level, we will explore the value of some of the performance reports such as accounts payable and accounts receivable aging schedules, cash reports, depreciation schedules, as well as some of the key controls for small businesses. I use a demo company, Excel, and QuickBooks Online to illustrate accounting concepts in the real world. I hope you have as much fun learning through this course as I had creating it. What this course is NOT:A substitute for seeking professional help or individual professional advice. Students must not rely on the lesson in this course as professional advice. This course is purely designed and must be used as an educational tool ONLY.Who this course is for:Small Business owners, self-employed individuals, freelancers, and gig workers with little or no accounting knowledge and or experience making less than $500,000 in revenuesAnyone interested in how accounting works outside of textbooks/college (no prior accounting experience is needed).
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