Basic Bookkeeping Training

As a company grows, it requires more efficient ways of managing its finances and ensuring that they are directed to more productive, long-term goals. The first step to achieving this is via superior bookkeeping. With it, companies are able to assess their financial health, keep themselves solvent even in extreme cases, and accurately map out their future objectives. Simply put, bookkeeping allows companies further information regarding their overall state; if bookkeeping isn’t prioritised, then there’s not a way for companies to answer a question as basic as “Are we earning any money?” Now, there are many ways to achieve this specific end; some bookkeepers may keep extensive amounts of paperwork to get their companies’ finances in order, while others may resort to strictly technological means in order to safeguard their data. Some companies may prefer hiring independent agencies while others would like to keep their own records. What ultimately matters, however, are that records are safely kept and can be accessed.

Bookkeeping is immensely beneficial to businesses in that they help keep company’s solvent, determine their financial health, allow them to make informed decisions on future approaches and even prevent overall disaster. For our part, therefore, we consider this a very important subject that needs to be elaborated. With this in mind, our team of experts have compiled a training course dedicated to helping participants learn more efficient ways of keeping tabs of expenses, the legal aspects of bookkeeping, decision-making skills and so much more.

The bookkeeper training course should teach bookkeepers how to handle their duties in a more professional way so that the company does not lose business because of inefficient bookkeepers.  You will be able to manage your time better and increase your productivity in the office by learning all of the different aspects of being a bookkeeper. Further, we can also create customised training courses to allow you and your team to focus on more specific needs. If you need any further information about our services, please inquire now and we’ll be more than happy to assist.

Training solutions available Australia wide in Brisbane, Melbourne, Sydney, Parramatta, Gold Coast, Perth, Adelaide, Darwin.

Basic Bookkeeping Training Outline

Lesson 1

Course Overview

  • Workshop Objectives

Lesson 2

Basic Terminology (I)

  • Balance Sheet
  • Assets & Liabilities
  • Equity
  • Income Statement
  • Revenue
  • Cost of Goods Sold
  • Expenses
  • Accounting Period
  • Case Study
  • Review Questions

Lesson 3

Basic Terminology (II)

  • Accounts Receivable
  • Accounts Payable
  • Depreciation
  • General Ledger
  • Interest
  • Inventory
  • Journals
  • Payroll
  • Trial Balance
  • Case Study
  • Review Questions

Lesson 4

Accounting Methods

  • Cash Method
  • Accrual Method
  • Differences between Cash and Accrual
  • Case Study
  • Review Questions

Lesson 5

Keeping Tabs on Your Business

  • Accounts Payable
  • Accounts Receivable
  • The Journal
  • The General Ledger
  • Cash Management
  • Case Study
  • Review Questions

Lesson 6

Understanding the Balance Sheet

  • The Accounting Equation
  • Double-Entry Accounting
  • Types of Assets
  • Types of Liabilities
  • Equity
  • Case Study
  • Review Questions

Lesson 7

Additional Financial Statements

  • Income Statement
  • Cash Flow Statement
  • Capital Statement
  • Budget vs. Actual
  • Case Study
  • Review Questions

Lesson 8

Payroll Accounting / Terminology

  • Gross & Net Wages
  • Employee Tax Withholding’s
  • Employer Tax Expenses
  • Salary Deferrals
  • Employee Payroll
  • Employee Benefits
  • Tracking Accrued Leave
  • Government Payroll Returns/Reports
  • Case Study
  • Review Questions

Lesson 9

End of Period Procedures

  • Depreciating Your Assets
  • Reconciling Cash
  • Reconciling Investments
  • Working together with the Trial Balance
  • Bad Debt
  • Posting Adjustments and Corrections
  • Case Study
  • Review Questions

Lesson 10

Financial Planning, Budgeting and Control

  • Reasons for Budgeting
  • Creating a Budget
  • Comparing Budget to Actual Expenses
  • Case Study
  • Review Questions

Lesson 11


  • What is an Audit?
  • When and Why Would You Audit?
  • Internal
  • External
  • Case Study
  • Review Questions

Lesson 12

Wrapping Up

  • Words from the Wise
Additional Modules and Sample Sections

Keep a record of all expenses

Keeping a record of expenses is staple to any company. After all, this is what allows them to know whether or not they are losing more than they are earning, and ultimately what decides whether to take on more grandiose business ventures or to take on more conservative approaches. In fact, it’s exactly what helps to prevent companies from unwittingly stacking so many IOUs in the long run. Either way, expenses influence company strategy. However, this can seem very daunting for any bookkeeper and even overwhelming with all the numbers and tables that effectively determine just how well a company’s financial state is. Regardless, there are various, highly efficient techniques with which to create a more comprehensive account of all of your company’s expenses. This training course will therefore devote crucial time into teaching participants the necessary techniques to become more efficient with organising data and comprehensive in their overall approach.

Make use of technological means

While some companies tend to gather their financial accounts with just raw paperwork, there is no denying that using them in conjunction with technology can really help speed up the process. The necessity of technological approaches cannot be understated in this regard: with the many uses of Excel, Spreadsheet and other apps, making a table will take significantly lesser amounts of time needed to comply with government laws and ultimately lower the stress employees may end up accumulating during the process. The key is to make sure that the work is not only productive but highly efficient, costing less resources, satisfying legal requirements and ensuring that resources, finances, assets and liabilities are always up-to-date. The goal of our training course is obvious when viewed in this regard: our trainer will provide participants various methods of creating charts and tables to augment the efficiency of a company’s accounting process.

Rules and Regulations

Bookkeeping doesn’t exist just for show, nor does it simply exist for companies to decide on their ventures. It also exists for more legal means; after all, we all are required to pay taxes, and it is no different with businesses. With this in mind, there is a need for the bookkeeper to understand the legal ramifications of what they do; what the consequences are for false data, how to avoid government probes, what kinds of data the government may require, and how much must be paid in order to stay legal. With a keen understanding of these matters, a bookkeeper can be sure to appreciate the legal aspects of bookkeeping and be given further incentive to work hard. However, it doesn’t end here: they themselves can benefit from diligent work with promotion to greater and better positions within the company they are working for. The absolute goal of this training course, therefore, is to produce the best sorts of bookkeepers, and we believe a legal appreciation of bookkeeping will help them achieve this end.

Better decision-making

Much has been said about the benefits of bookkeeping, but its particular purpose cannot be understated: it’s what determines the company’s overall path. With every approach to any area such as logistics or reforms within customer service, there is a corresponding cost; fewer employees on the warehouse may mean lesser amounts devoted to payment, but it can also translate to lesser products shipped every month, lowering profits either temporarily or permanently depending on customer reaction. On the other hand, the reverse may also be true: more employees may mean more profit, but if other areas of productivity are in question, then more employees might end up being liabilities. This is just but one example of the many questions that companies need to answer in order to truly succeed, and the numerical data that bookkeepers provide are ultimately invaluable.

Customised Training Session For Teams (Included No Charge)

All clients request Paramount to conduct a particular training course also get to customise it completely from top to bottom. You can ask for any particular custom adjustment, from font to logos, page layout and content customisation. Our company believes that quality is all in the details. Just tell us which ones you want, and we will make sure it’s in the content that you requested too.

In-House Customised training benefits:

  • Flexible length – You choose the length of the session
  • Highly Effective Team/Industry Specific
  • Certificate of Completion (Professional Grade)
  • Create a Team Building environment
  • Cost effective – Group rate discount
  • Printed courseware (No need to download or use an App to read)

Creating Content (Contact us for Quotation)

We believe in reaching new heights. We believe in heights of creativity, and in heights that your companies can reach too. We put them together to make content just for you. Our training courses are top notch, and the paramount of quality in such content. If you don’t find the training course you want with us, then we will gladly create it for you. Just tell us what you would like to cover, and we will provide the highest quality of training content and manual.

Instructor Led Online

Download Certificate of Completion $495 inc GST
Printed and Posted Certificate of Completion $515 inc GST

Here, students will be able to learn and enjoy the Paramount Training experience in real time in a 1 on 1 session with one of our professional trainers. You need only advise us exactly when you want your training and we’ll give you the corresponding trainers and materials. Contact us for more details!

Online Self Paced

Download Certificate of Completion $69 Inc GST
Printed and Posted Certificate of Completion $89 Inc GST

Learning has never been more convenient with our new Self-Paced Training program. Enjoy online training and high quality material in the comforts of your own home, or even on-the-go. You can also login and get a printed Professional Grade Certificate via our printed certificate option.

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