How To Become a Bookkeeper?
Master the Fundamentals of Bookkeeping
The level of education that you need to be a bookkeeper will depend on who you work for. If you work for a small business and you understand the basics of bookkeeping and accounting, you will not need any formal education. However, to work for a larger company, you will need formal training.
The difference between a bookkeeper and an accountant is centered on taxation and corporate accounting practices. A bookkeeper's responsibilities are to enter day-to-day transactions, whereas an accountant's responsibilities focus on the creation and verification of transactions. In other words, if you want to become an accountant, most of your formal training will be centered on ethics and law and not on bookkeeping. For example, you can think of a CPA, a certified public accountant, as an attorney who specializes in recording financial transactions according to a set of rules and laws dictated by corporations and governments.
The Addictive Accounting course has been designed as a bookkeeper's training course with an emphasis on understanding accounting from an accountant's perspective. In short, it is the perfect training course for anyone wanting to pursue a career in bookkeeping or accountancy.
Whether you are studying to become a bookkeeper or an accountant, you must master the double-entry bookkeeping system. This system records financial transactions using the terms "debit" and "credit". These two terms are the root cause of most student's frustration because they are ancient terms that describe the movement of property between parties.
The term "credit" means "the act of giving" and the term "debit" means the "act of receiving". Here is a figure that summarizes the relationship:
The difference between a bookkeeper and an accountant is centered on taxation and corporate accounting practices. A bookkeeper's responsibilities are to enter day-to-day transactions, whereas an accountant's responsibilities focus on the creation and verification of transactions. In other words, if you want to become an accountant, most of your formal training will be centered on ethics and law and not on bookkeeping. For example, you can think of a CPA, a certified public accountant, as an attorney who specializes in recording financial transactions according to a set of rules and laws dictated by corporations and governments.
The Addictive Accounting course has been designed as a bookkeeper's training course with an emphasis on understanding accounting from an accountant's perspective. In short, it is the perfect training course for anyone wanting to pursue a career in bookkeeping or accountancy.
Whether you are studying to become a bookkeeper or an accountant, you must master the double-entry bookkeeping system. This system records financial transactions using the terms "debit" and "credit". These two terms are the root cause of most student's frustration because they are ancient terms that describe the movement of property between parties.
The term "credit" means "the act of giving" and the term "debit" means the "act of receiving". Here is a figure that summarizes the relationship:
Once you understand that a "credit" is a generic term for "given" and a "debit" is a generic term for "received", learning to record and interpret financial transactions becomes a lot more straightforward. Let's say Jill gave Sally $100. We could write this as:
Jill credit: $100
Sally debit: $100
This is less straightforward because we are using ancient terms to describe the movement of property. If I add in a modern interpretation/translation, we get:
Jill credit/gave: $100
Sally debit/received: $100
As in all things, there is more than one way to say something and in this case, describing what happened using gave and received is just more straightforward.
Let's do another example and have Bob's business pay him $500:
Bob's Business credit: $500
Bob (owner) debit: $500
At first this transaction looks confusing because you might think, how can Bob be a debtor to his business? The answer is he is not. Let's rewrite the transaction:
Bob's Business credit/gave: $500
Bob (owner) debit/received: $500
This makes more sense because we are using modern terms to describe what is happening.
As mentioned, the Addictive Accounting course's purpose is to teach you to become a bookkeeper and it does so by ensuring that you understand all the basics and not just some. We are so confident in the course that we are offering the first part of the course for free!
Jill credit: $100
Sally debit: $100
This is less straightforward because we are using ancient terms to describe the movement of property. If I add in a modern interpretation/translation, we get:
Jill credit/gave: $100
Sally debit/received: $100
As in all things, there is more than one way to say something and in this case, describing what happened using gave and received is just more straightforward.
Let's do another example and have Bob's business pay him $500:
Bob's Business credit: $500
Bob (owner) debit: $500
At first this transaction looks confusing because you might think, how can Bob be a debtor to his business? The answer is he is not. Let's rewrite the transaction:
Bob's Business credit/gave: $500
Bob (owner) debit/received: $500
This makes more sense because we are using modern terms to describe what is happening.
As mentioned, the Addictive Accounting course's purpose is to teach you to become a bookkeeper and it does so by ensuring that you understand all the basics and not just some. We are so confident in the course that we are offering the first part of the course for free!
An Interactive Basic Bookkeeping and Accounting Textbook
Over 4+ Hours of Free Lessons
The Addicting Accounting training course has a purpose:
To help you quickly master the fundamentals of bookkeeping and accounting!
If you are a student who is planning on studying accounting, or a student who is struggling to learn the concepts, this course is for you. If you want an A grade, take this prep course! If you are business owner who wants to fully understand their personal bookkeeping, this course is also for you.
To help you quickly master the fundamentals of bookkeeping and accounting!
- Simplified - created for students and business owners
- Comprehensive - an interactive bookkeeping and accounting textbook
- Practice Make Perfect - in a hands-on bookkeeping simulator
- Learn Finance - cash, profit, equity, and balance statements
- Quiz Yourself - test your comprehension with instant feedback
- Career Boost - communicate finance with confidence
- At Your Pace - complete the course in a week or a weekend
- Teacher's Aid - can be used as an auxiliary tool to enhance learning
- CPA Exam Prep - review fundamentals to greatly improve your score
If you are a student who is planning on studying accounting, or a student who is struggling to learn the concepts, this course is for you. If you want an A grade, take this prep course! If you are business owner who wants to fully understand their personal bookkeeping, this course is also for you.
Practice Being a Bookkeeper in a Simulator
Rather than just read about bookkeeping and accounting, become a bookkeeper with hands-on practice in an accounting simulation. You will start your bookkeeper training by making simple journal entries and graduate to learning how to reconciling bank accounts, record depreciation, and close out accounting periods. Then continue your bookkeeper training by learning how to create cash, profit, equity, and balance statements. Learn more about the accounting simulation app.
Over 4 Hours of Free Course Content,
No Ads,
and No Personal Data Collected
For iPads, iPhones, and Android phones and tablets
Curious about what you will learn? Take a look at the Addictive Accounting bookkeeping and accounting lessons.