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So, you want to learn Bookkeeping !
Chart Of Accounts
Hello it's Dave again. For those of you that took my free So you want to learn Bookkeeping! Introductory Tutorial or any of my other bookkeeping tutorials we've already met. For those who haven't, I'm a graduate of the University of Tennessee (Go Vols) and a Bean Counter (accountant) with over 30 years of experience.

What is the Chart Of Accounts ?
Who is this Course for ?
This bookkeeping tutorial and course is geared to business owners, managers, and individuals who have not had any formal bookkeeping training or on the job experience and need or want to learn the basics of bookkeeping and accounting. Oh by the way, you can teach an "ole" dog new tricks. In other words, this bookkeeping tutorial is for beginners (newbies) or those needing a quick refresher and is only an introduction into the world of bookkeeping and accounting. They say a little knowledge is a dangerous thing. Well, my goal is to make you dangerous.
Prior Knowledge Needed
None ! But, if you need to "brush up", check out my Beginning Bookkeeping Tutorial

Cartoons are used to add a bit of humor to your Learning Experience. Who says that Learning Can't Be Fun ? Not Me !
What’s Covered ?

The Introduction defines, explains, and discusses what the chart of accounts is, how it's organized by major account types, balance sheet and income statement accounts, and its purpose. In addition, codes are introduced and defined.

Lesson 1 - How Codes Are Used in Conjunction with Building The Chart Of Accounts introduces you to how to use account numbering or account identifiers to uniquely identify the accounts that make up the chart of accounts.

Lesson 2 - Types of Coding Systems defines,explains, and illustrates some of the different types of coding systems that are used in conjunction with the chart of accounts.

Lesson 3 - Importance of the Chart Of Accounts discusses and explains why the chart of accounts is so important and what needs to be considered in planning and setting up a good chart of accounts.

Lesson 4 - Show Me presents an example of commonly used Balance Sheet and Income Statement accounts that are included in a Chart Of Accounts as a guide to use in developing your own. Also, you're introduced to how the chart of accounts is used with accounting and bookkeeping software and what to look for, and where to find additional help.

Lesson 5 - Review and Final Thoughts summarizes what we covered and what you should now know about the Chart Of Accounts.

Learning Objectives

After completing this course, you should know or be able to perform the following:
  • What the chart of accounts is.
  • A chart of accounts can range from very simple to very complex.
  • What codes are and how they're used to assign information and build a Chart Of Accounts.
  • What to consider and think about when setting up a chart of accounts.
  • How the chart of accounts is closely related to the Balance Sheet and Income Statement.
  • Where to find samples and additional help.
  • If nothing else, the importance of setting up a good chart of accounts for your business !!!!!
The Vertical Menu on the Left Side Of The Page contains the Lessons / Sections for Each Lesson.
In some cases, you may need to Scroll Down the Page to select the Lesson / Section.

Each Lesson / Section has Buttons at the Bottom of the Page to use for Moving Back to Prior Lessons / Sections and Moving Forward to the Next Lesson/ Section.

How Long ?
You should plan on spending approximately an hour on each lesson.

How To Use The Course
You can first View and Read The Lessons / Sections and then Watch the Videos
You can first Watch the Videos and then View and Read The Lessons / Sections

Bookkeeping Videos and Final Exams

Bookkeeping Videos are included at the end of each lesson to emphasize key concepts. In addition, Bookkeeping Videos and Final Exams are included at the end of the course to emphasize key concepts and test your knowledge.
Learning Aids
The following Learning Aids are included, if needed, in order to help you to understand bookkeeping concepts:
Acronymn - Easy Way of Remembering the Types Of Accounts

Acronymn - Easy Way of Remembering the Types Of Accounts and Debits & Credits

Major Types Of Accounts & Relationships -Diagram

Sample Balance Sheet Accounts

Sample Income Statement Accounts

Basic Bookkeeping Concepts Textbook

Bean Counter Tutorial

Accounting & Bookkeeping Glossary

Help on determining when to Debit or Credit
Debits/Credits Cheat Sheet
Debits/Credits Flow Chart
Debit/Credits Reference Chart

Special Journals -What Journal To Use

Posting Process Flow Chart
So, you want to learn Bookkeeping ! - Chart Of Accounts Ebook Versions Available
For those that like to work offline, I've provided for free two Ebook Versions of my Chart Of Accounts Tutorial, an Interactive Ebook and PDF version available to download as a zip file and use on your computer.

Let's begin our Journey into the World Of Bookkeeping's Chart Of Accounts !
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Cartoons on this site provided by Ron Leishman. All Toon images are copyright © . No images may be resold or redistributed without prior written permission from Ron Leishman. If you enjoyed them, get some of your own Toon-A-Day.

The information provided on this site is not intended to provide or be a substitute for specific individualized accounting, tax, legal, business, or investment planning advice. Where specific advice is necessary or appropriate, Bean Counter recommends consultation with a qualified tax advisor, CPA, Financial Planner or Investment Manager. The information provided herein is for general informational purposes only and should not be considered an individualized recommendation, personalized investment advice or an endorsement by Bean Counter. The information presented is obtained from what are considered reliable sources; however, its accuracy, completeness or reliability cannot be guaranteed and therefore should not be relied upon as such. Bean Counter accepts no liability for any direct or consequential loss arising from any use of this information.

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