Good bookkeeping is more than just a task; it’s an important tool that empowers you to understand your business, and work towards growth and success with the financial future. Bookkeeping is the process of recording, organizing, and maintaining financial transactions for a business or individual.

Being one of the oldest known professions, it has its roots in ancient civilizations, where early record-keeping systems were developed to track trade, taxes, and commerce—laying the foundation for the modern financial practices we use today. A bookkeeper plays a vital role in the management of a company’s financial account. Without this management, a business may risk the loss of credibility, miss out on tax deductions, face potential fines for non-compliance, as well as many other challenges.

The Practical Bookkeeping course will provide participants with the skills and knowledge to manage financial records accurately, ensure compliance with accounting standards, and support informed decision-making for their business or organization. Additionally, participants will gain confidence in handling day-to-day financial tasks, empowering them to contribute to the financial health and success of their business.

Course Objectives

By the end of this course, participants will:

1. Understand the fundamental principles of bookkeeping and financial management.
2. Learn to accurately record financial transactions using industry-standard methods.
3. Develop skills in categorizing income and expenses to ensure proper financial tracking.
4. Gain proficiency in preparing financial statements, including balance sheets and profit and loss statements.
5. Explore the use of bookkeeping software and tools for efficiency and accuracy.
6. Understand compliance with tax regulations and best practices for financial reporting.
7. Apply bookkeeping strategies to support business decision-making and financial planning.