Bookkeeping for Beginners

The bookkeeping information on this site is ideal for you if you are :-

  • small business owner (or entrepeneur, solopreneur, blogger) needing some idea of how to start off your accounts process
  • student wanting to understand what this topic is about and the principles behind it
  • bookkeeper that wants to refresh your knowledge

Available here are bookkeeping tips, forms and templates, examples and how-to guides.



Learn Bookkeeping

Bookkeeping for Beginners - Learn Bookkeeping

You will learn how to do various tasks such as:-

  • How to do a journal entry
  • What a ledger is
  • How to do bank reconciliations
  • How to read a balance sheet
  • What computer software is available
  • How to invoice customers.....

The presentation of this information comes from two angles:-

  1. How keeping the books works -
    Describing the principles and methods of entering the financial data into the books in an organised way.

  2. How to use it -
    Putting into practice the methods learned above in a business setting and supporting that with structured office procedures.

Besides clicking on the links on this page, the search bars just above and at the top of this page will take you where you need to go.

Testimonials

I don't know how to thank you. You are an angel. The balance Sheet has balanced perfectly. The Total Net Assets is the same with Total Equity. The new data has already populated some of the other columns with figures. This is my first time using any accounting record keeping for my business. Am so happy.  I got your template from a school during a business capacity training I attended and ever since I have been hooked on it. I learned to format the columns in the Control and it has worked beautifully. I did not envisage this problem until end of the year (transferring the Balance Sheet data from the previous year's template into the new year's template). When I tried using a new template it just felt wrong and the data is missing. It was then I decided to look for the original author and luckily for me I found your name as the author of the excel sheet and I just googled you and there you are. Thank you so much and God bless you abundantly. Aliyu (Dec 2017)

"I just want to say thank you for this incredible site!! I've yet to get a handle on my bookkeeping but for the first time ever, I'm actually feeling slightly comfortable about facing this task. I hope to get a better handle on my personal budget as well as my business accounts! Thank you for this very impressive layout of documents and information!" Matthew

"I have been in here extensively and have made use of your Excel Cash Book file. What a truly amazing initiative you have put together here. I am so glad to have come across your website - can not give enough good praise. You far exceed any expectations - most of us are always so doubtful of someone actually coming through due to historically encountering failure after failure from the myriad of "free" and "I can help" site after site. You deliver exactly what you say (and then some). Again, thankyou very much". Dale

"Nice, easy to understand information. This is what the world wide web is all about-free, quality information, people helping people in an easy, accessible way. No need need to leave the house to learn from someone whom knows more than us beginner businessmen! Thanks and God Bless!" Derek

"I cannot thank you enough for your site and all the expertise put in such a simple manner! I've started self- employment and running the finances of
my business was a terror! Not anymore! I can grasp the basics and learn a little more everyday with your information!"
  Ana

Remember to bookmark this website so you can easily return!

How Does Bookkeeping Work?

There are two methods to choose from:-

  • Basic cashbook where figures are entered once (singly entry) - great for starting up small and for easing you into the next method.
  • Double entry, where the same amount is literally entered twice to 'balance the books' - a term you may have heard before.

What to Do

To maintain an effective accounting system:-



Reports, Forms and Templates

  • Reports pull all that data together so the powers that be (the owner or boss) can see if it is worth the effort.
  • Forms and templates help keep everyone sane by introducing consistency in the day to day work.



Are you a Small Business Owner?

When planning your business you have to decide how you are going to tackle the financial records. Every business needs to have a structured method of recording the money coming in and going out the bank.

The question is whether or not you as the business owner with limited knowledge want to do this job yourself or hire the services of a professional.

If you have enthusiasm, patience, and time then your answer should be yes to doing it yourself to start with! You might also be motivated by your desire to keep your costs down.

Of course, this is just until your business grows and you find yourself running haggard trying to juggle all the different aspects - by which time outsourcing the work to a bookkeeper would be a fabulous idea!

Are You a Bookkeeper, Accounts Administrator, Office Clerk....?

Join me now, delve deeper into this site by clicking on the graphic links on this page (you have to scroll up a bit).

Go the site map or enter a search term in the Google bar at the top of this page if you are looking for something specific.

Are You a Student?

Are you currently studying this subject or business, finance or accounting?

I am sure you will find this resource an excellent aid and addition to your study material.

If you are a younger student wondering if you should do bookkeeping, go to my 'About Me' page - you may (or may not!) find it encouraging.

If you have any questions please feel free to contact me.

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