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Latino Tax Pro

Bookkeeping Basics - Introduction to Bookkeeping

Bookkeeping Basics - Introduction to Bookkeeping

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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
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