Accounting doesn’t come naturally to everyone, and some of the concepts in accounting can be downright abstract — even though accounting is usually thought of as a black-and-white subject area. Anyone who has struggled to categorize an expense or payment in their accounting books, whether they are hardcopy or kept using digital accounting software, understands how difficult it can be to learn some of the basic concepts of accounting.
Why You Should Know Basic Accounting for Small Business?
If you’ve struggled to learn accounting for your small business — or you just want to learn the basics of accounting before embarking on your own entrepreneurial venture into the small business world — the resources at Accounting Boot Camp will help you learn the basics of accounting through visuals.
Some basic accounting practices for small businesses include: the ability to track the cash flow of income and expenses, calculate necessary tax payments, manage payroll, and produce financial reports. There are many resources available to help small businesses manage their basic accounting needs, including the visual resources available at Accounting Boot Camp.
Meet Virgil Whitelaw
As a busy adult, you probably don’t have a lot of time to devote to learning a new, complicated skill that takes time away from your other daily obligations. That’s why it’s important to find accounting resources that capture your attention and keep you engaged. The Virgil Whitelaw series on basic accounting at Accounting Boot Camp will keep you engaged and entertained while you learn the basics of accounting through visuals contained in the short stories of Virgil Whitelaw: Forensic Accountant in Space.
In The Income Statement, Virgil takes you on a 20-minute eBook adventure in learning the goals of accounting, the needs of users, stating an opinion, the risks of ownership, and revenues, expenses, and the income statements. This adventure, along with all of Virgil’s adventures, include fun and engaging visual learning tools to pique your interest in otherwise dull accounting concepts.
Virgil continues his 20 minute adventures in Liabilities, where he teaches new accounting students about the accrual basis vs. cash basis of accounting, accounts payable, notes payable, and unearned revenue. In Assets, Virgil explores the realms of the balance sheet; accounts receivable; inventory; property, plant, and equipment; and liquidity. In Debits and Credits, traverses the terrain of general ledger accounting, duties of boards of directors, charts of accounts, and journal entries.
Finally, in Owners’ Equity, Virgil takes us on an exploration of the accounting equation, notes to the financial statements, criteria for the recognition of assets and liabilities, and retained earnings. Each adventure includes a quiz at the end to help you know whether or not you grasped the accounting concepts presented in the material.
Try Accounting Boot Camp Today
Why suffer through accounting courses with little to no visual explanation of concepts when you can learn the basics of accounting through both visual and written explanations that are fun and engaging? Visit Accounting Boot Camp now to start your first Virgil Whitelaw: Forensic Accountant in Space adventure today!