DARe Industry Business Academy (IBA) is introducing Bookkeeping Workshop for Small Businesses, our new financial workshop to provide the knowledge and skills on recording, managing, and tracking transactions such as income, expenses and inventory, within businesses using a Cloud-based Accounting System.
Bookkeeping is the practice of keeping records of financial transactions such as purchases, sales, receipts and payments. It plays a crucial role in accounting processes.
Target participants for this workshop:
- Small business owners
- Focal financial person or team in a Micro Small Medium Enterprise
Course Outline:
- Introduction - the foundation of basic bookkeeping concepts and accounting cycle.
- Set-up an accounting cloud account - creating an online account and taking a virtual tour of the software.
- Items – create inventory items and services.
- Sales – create customers profile, prepare invoices, record payment receive, etc.
- Purchases – create vendors profile and record expenses, bills, etc.
- Reports – Reveal business’ income statement, cash flow statement and balance sheet.
Learning Outcome:
Participants will be able to:
- Explain what bookkeeping is and why bookkeeping is important
- Discuss the components of the Accounting Cycle
- Explore the features of cloud accounting
- Set up a cloud accounting account
- Practice record transaction on cloud accounting
- Produce financial statement (Income statement, cash flow statement and balance sheet)
Other Requirements:
- Laptop/Tablet
- An email address
- Internet browsers (Google Chrome, etc)
