Basic Bookkeeping

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After completion of this course, students will be able to know how to record entries manually, post to general ledger, prepare a Trial Balance, and prepare profit and loss account and Balance Sheet.

Course Contents: 

• An Introduction to Bookkeeping
• How to record the transaction
• Posting entries to the Ledger
• Correcting Entries and Sales Taxes in Canada, Remitting HST
• What is Freight In, Delivery Expense, and Duty & Brokerage?
• What are Special Journals?
• How to record Credit Notes, Refunds, and Discounts
• Accounting for Cash and Bank Reconciliation
• How to record Payroll
• Accounts Receivable and Bad Debts
• Interim Profit or Loss
• At Year End: Preparing to Close the Books
• At Year End: Closing the Books


High School graduate

40 hours
For more information on Basic Bookkeeping please feel free to contact us online or call us at 416-513-1535.