Bookkeeping Basics - Introduction to Bookkeeping

Every tax preparer and accountant somewhere along the lines needs to have a fundamental basic understanding of bookkeeping in order to ensure they are using the correct numbers when preparing a tax return or otherwise presenting financial information to their client.  Introduction and Terminology Understand who a bookkeeper is and what their role is Learn about the Chart of Accounts, and what Debit and Credit entries are Discover what T accounts are, and see them used in various examples Understand what different accounting methods can be used and their differences Review different Financial statements and learn about their key elements