Learning the Bookkeeping Basics - Oxbridge Academy

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.

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:

Free programs:

According to TechRadar, the 8 best free programs are:

  • TurboCASH 5
  • TAS Basics
  • GnuCash
  • NCH Express Invoice
  • xTuple PostBooks
  • VT Cash Book
  • Invoice Expert XE
  • Adminsoft Accounts

Licensed programs:

  • FreshBooks
  • QuickBooks Online
  • Sage One
  • Zoho
  • Xero
  • AccountEdge
  • Less Accounting
  • WorkingPoint
  • FreeAgent
  • Yendo

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 that can lead to bookkeeping certification.

 

 

Find out more about studying any of our bookkeeping and accounting courses

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