Small Business Accounting
Learn the fundamentals of bookkeeping and accounting in 10 weeks* with this Bookkeeping for Small Business course.
Business Headspace and Gilligan Business School have come together to create a modern, relevant and up-to-date bookkeeping course for bookkeepers, accounts administrators, and small business owners alike.
Gilligan Business School has been teaching business courses for almost three decades, helping to launch the careers of thousands of bookkeepers and accounting staff, and assisting many business people to take proper control of their finances and gain practical financial skills.
Stephanie Crawford from Business Headspace is the past owner of a successful bookkeeping business, a current certified accounting software consultant, and an in-demand business coach to bookkeeping businesses.
Designed as a back-to-basics course teaching the fundamentals of bookkeeping, you will gain an understanding of the accounting and bookkeeping concepts behind your software systems, and be able to accurately prepare a set of business accounts ready to hand over for a qualfied accountant to finalise.
Delivered as a correspondence course you can learn at your own pace, in your own time, and in your own home or workplace. Students receive their own course workbook and assignment pad, and are fully supported throughout. Assignments are submitted and marked by qualifed bookkeepers and accountants.
Students who successfully complete this course and pass the final test will receive a certificate from Gilligan Business School.
Here’s what you will learn:
Session 1. The Bookkeeping Process – the basics of bookkeeping,
Session 2. The use of Cash Journals. How the Balance Sheet works.
Session 3. How to set up a Chart of Accounts and Petty Cash Book. Prepare a Bank Reconciliation. Use General Ledger Worksheets.
Session 4. Balance Day Adjustments. Accrued Liabilities. Prepaid Expenses and Revenues. Stock Entries. Bad Debts and Depreciation.
Session 5. Accounting for Fixed Assets. Buying and Selling an asset. How to prepare depreciation, General Journal entries and Closing Journals to account for stock.
Session 6. The rules about Goods & Services Tax on a payments basis, How to prepare a GST return and incorporate GST into the books.
Session 7. The major exercise to consolidate knowledge to date. Payroll and Wages preparation and how to prepare a PAYE return.
Session 8. Working Capital. How to maintain your firms daily cash position. How to prepare a simple Cashflow.
Session 9. Practical office procedures and ratio analysis. Work out prices and mark ups.
Session 10. When to use the full General Ledger. How to complete a Fringe Benefit Tax Return. Keep good Books and Records for your Accountant.