My Skill Lab
AccountingBeginner

Bookkeeping for Small Business

Keep clean books from day one.

Taught by Pooja Adhikari · Chartered Accountant

What you'll learn

  • Record sales, purchases and expenses accurately using double-entry debits and credits
  • Build and maintain a journal, post to the ledger, and prove the books with a trial balance
  • Design a practical chart of accounts that fits how your business actually operates
  • Reconcile a bank statement to your books and find the difference when they disagree
  • Choose between cash and accrual accounting and apply the right method consistently
  • Organise invoices, receipts and records so tax preparation takes hours, not weeks

About this course

A hands-on, beginner-friendly course that turns the messy reality of a small business into a clean, defensible set of books. You will learn to record every sale, purchase and expense correctly, run the journal and ledger, reconcile your bank, and arrive at tax time with numbers you can trust. No prior accounting background needed; just a willingness to be tidy and consistent.

Course content

9 lessons
  1. 1Why Bookkeeping Matters and How the Books Fit TogetherWhat bookkeeping is, why it protects you, and the flow from source document to financial statement.Preview
  2. 2Debits, Credits and the Accounting EquationThe single rule that makes all bookkeeping consistent: every entry has two equal, opposite sides.Preview
  3. 3Building a Chart of Accounts That Fits Your BusinessHow to design the master list of accounts your transactions will be sorted into.
  4. 4Recording Sales, Purchases and ExpensesThe everyday entries that make up most of your bookkeeping, with cash and on-credit variations.
  5. 5The Journal, the Ledger and the Trial BalanceHow entries flow from the chronological journal into account-by-account ledgers and prove out in a trial balance.
  6. 6Cash vs Accrual AccountingThe two timing methods for recognising income and expenses, and how to choose between them.
  7. 7Bank Reconciliation: Matching Your Books to RealityHow to prove your recorded bank balance against the actual bank statement and resolve every difference.
  8. 8Invoices, Receipts and Keeping RecordsWhat a compliant invoice contains, why receipts matter, and how to organise documents so they are findable.
  9. 9Getting Ready for Tax: Closing the BooksThe month-end and year-end routine that turns clean records into a tax-ready set of accounts.