Learning the Bookkeeping Basics
Whether you are a bookkeeping student, a small business owner, or an office manager, you may be interested in learning the bookkeeping basics.
What are the bookkeeping basics?
The basic elements of bookkeeping include:
- Debits and credits
- The accounting equation
- The double-entry system
- Basic accounting principles
- Journal entries
- Ledger accounts
- Accounts payable
- Accounts receivable
- Bank reconciliations
- Trial balances
By familiarising yourself with the bookkeeping basics, you will learn how to maintain the basic financial records for a small organisation. You will also gain an understanding of the fundamental concepts and accounting principles involved in the bookkeeping process. Once you have mastered the bookkeeping basics, you can choose to develop your skills further by going for more advanced bookkeeping training.
How can I learn the bookkeeping basics?
You can learn the bookkeeping basics through self-study, through on-the-job training, or by completing a bookkeeping course. At Oxbridge Academy, we give you the opportunity to study a variety of bookkeeping courses on a full-time or part-time basis from home.
The courses that you can choose from at Oxbridge Academy range from introductory bookkeeping courses to more advanced qualifications.
What software is available to help me implement the bookkeeping basics?
These days, most bookkeeping is done electronically, and there are various bookkeeping and accounting software programs available to help you implement the bookkeeping basics in your organisation. Here are a few examples:
According to TechRadar, the best free programs are:
- NCH Express Invoice
- VT Cash Book
- Invoice Expert
- Adminsoft Accounts
- Money Manager Ex
- Apache OpenOffice
- QuickBooks Online
- Sage One
- Less Accounting
Bookkeeping and Accounting Courses at Oxbridge Academy
Short Learning Programmes
- Oxbridge Academy Short Course: Cost and Management Accounting
- Oxbridge Academy Short Course: Payroll and Monthly SARS
- Oxbridge Academy Short Course: Basic Accounting Skills
National Qualifications (N4-N6)