Whether you are an MBA graduate or you have never been into a business class, your early days of starting a business will involve a huge learning curve. Unfortunately, this is a point in time when you have little spare time and even less money to spend towards self improvement. After all, you are already focusing nearly all your time, finances and energies to building your new business.
In the past, the only options for struggling entrepreneurs were to enroll in a local college business class, consult a business coach, or figure things out as they went along.
Today, you can get access to the best bookkeeping online courses and resources that can help you learn how to manage your business accounts without ever having to step foot into a physical classroom
Importance of Taking a Bookkeeping Online Course
Studies reveal that about half of new businesses fail after five years due to cash flow problems.
In most cases, cash problems are not because the business is bad, but because the entrepreneur is ill-prepared to manage their business accounts.
That fact is backed by findings echoed in a Yale Law Journal that reveal how and to what extent inadequate bookkeeping is casually related to business failure.
If you are looking for a logical approach to acquiring new bookkeeping skills rather than looking for random pieces of information off the internet, you should consider taking an online bookkeeping course. This will enable you to learn everything you need to know about tracking income and expenses, interpreting financial reports, and managing business finances.
There is a plethora of bookkeeping courses that can equip you with bookkeeping knowledge that can help you get good control of your cash flow and grow your businesses.
To help you with your search, we have compiled a list of the best bookkeeping online courses for small business owners. Take a look:
This is a bookkeeping online course run by Harold Averkamp (CPA, MBA), who has worked as an accounting instructor in university, as a consultant, and as an accountant.
You can access a free bookkeeping course from the site called "Bookkeeping Training", which contains 20 modules with tons of information.
Some parts of these modules (mostly printables, flashcards, videos, cheat sheets, visual tutorials and videos) are not accessible for free.
You can only access them with a PRO account, which you must register to become a member and pay a one-time fee.
Getting the PRO+ membership allows you to obtain a certificate once you complete this bookkeeping course.
If you are looking for a bookkeeping online course that is absolutely free, this is one of the sites you should consider exploring.
This bookkeeping online course offers free bookkeeping and accounting courses, quizzes, games and tutorials.
Since the bookkeeping course material are accessible free of charge, you don't necessarily have to become a member.
As long as you want to read course materials online, you won't have to pay anything. But if you want to study offline, you can purchase the CD versions and eBooks and read them at your own convenient time.
While this is a helpful site for those looking for fee accounting and bookkeeping courses, it doesn't provide certification.
The site is only for personal evaluation. However, they provide a list of sites that provide certification training, as well as a bookkeeping job search guide.
This is a site that provides free video and written training courses for accountancy and bookkeeping.
On this site, you will find lots of training videos on a wide range of topics, ranging from Management Accounts and Payroll Basics to Double Entry Bookkeeping and VAT (sales tax), among others.
The site also features courses on software such as QuickBooks, KashFlow, Excel, Sage Accounts, and Xero.
Aside from the free bookkeeping online course, the site also provides training and support at a cost for those who want to learn how start an accounting or bookkeeping business.
The site is run by Sam, who has been an accountant and credit controller for different business over the years.
On this site, you will find a bookkeeping online course called "Bookkeeping for Personal Business Accounting".
The course features a number of study topics, including Accounting, Double-Entry and the Balance Sheet, Essential Numerical Skills, and Financial Accounting and Reporting.
If you would like to get certification, you will need to upgrade to the paid version.
This site offers a free bookkeeping online course called "Introduction to Bookkeeping and Accounting", which involves 8 hours of study at an introductory level.
Course modules include Essential Numerical Skills, Double Entry and the Balance Sheet, and Double Entry and the Profit and Loss Account.
The learning materials are available in written format, so you can download and read them your own convenient time.
How You Can Benefit from Local Bookkeeper Services
While taking a bookkeeping online course will equip you with the necessary accounting and bookkeeping skills to manage your business finances, you may not always have the time to dedicate to this crucial task.
One of the best decisions you can make for your business is to outsource bookkeeping services to a professional.
There are various benefits of hiring an accounting firm to handle your bookkeeping tasks.
It not only lets you focus on other important aspects of your business, but it also helps you increase your profit margins.
Business Wire released a report that disclosed findings that attest to this. The report reveals that majority of businesses that outsource bookkeeping and accounting services to an accounting firm not only report greater financial insights, but they also gain higher profits.
If you're interested in outsourcing the best bookkeeping services, look no further than LUXA Enterprises. We are an outsourcing company that provides low cost bookkeeping, accounting and HR solutions to support the growth of small businesses.
Contact or Call as at 918-928-7288 (Tulsa, OK) to find out how we can help you with our services.