Whether you are an MBA graduate or you have never been in a business class, the early days of starting a business will involve a huge learning curve. Unfortunately, this is a season of life where you have little spare time and even less money to spend on self-improvement. After all, you are already focusing the majority of your time, finances, and energy on 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, however, you can get access to online bookkeeping courses and resources that can help you learn how to manage your business accounts without ever having to step foot into a physical classroom!
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Importance of Taking an Online Bookkeeping 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 reveals how and to what extent inadequate bookkeeping is 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 on 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. You will also learn how to interpret financial reports and managing business finances.
There are a plethora of online bookkeeping courses that can equip you with bookkeeping knowledge to help you gain control of your cash flow and grow your business.
To help you with your search, we have compiled a list of the best online bookkeeping courses for small business owners.
1. AccountingCoach.com
This is a bookkeeping online course run by Harold Averkamp (CPA, MBA). Mr. Averkamp 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. You must register to become a member and pay a one-time fee for these features.
Getting the PRO+ membership allows you to obtain a certificate once you complete this bookkeeping course.
2. DWMBeanCounter.com
If you are looking for an absolutely free online course, this is one of the sites you should consider!
This online bookkeeping course offers free bookkeeping and accounting courses, quizzes, games, and tutorials. Since the bookkeeping course material is 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. If you want to study offline, you can purchase eBooks to read at your own convenience.
While this is a helpful site for those looking for free 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.
3. FreeBookkeepingAccounting.com
This is a site that provides free video and written training courses for accounting and bookkeeping. On this site, you will find lots of training videos on a wide range of topics. Topics range 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 online bookkeeping course, the site also provides training and support at a cost for those who want to learn how to start an accounting or bookkeeping business.
4. FutureLearn.com
On this site, you will find a bookkeeping online course called “Bookkeeping for Personal Business Accounting”.
The course features several study topics. Topics include Accounting, Double-Entry, and the Balance Sheet, Essential Numerical Skills, and Financial Accounting and Reporting.
If you would like to get a certification, you will need to upgrade to the paid version.
5. Open.edu
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 at your own convenience.
How You Can Benefit from Local Bookkeeper Services
Taking an online bookkeeping course will equip you with the necessary accounting and bookkeeping skills to manage your business finances. However, 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 lets you focus on other important aspects of your business. However, it also helps you increase your profit margins.
Business Wire released a report that disclosed findings that attest to this. The report reveals that the majority of businesses that outsource bookkeeping and accounting services to an accounting firm not only report greater financial insights but 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.
LUXA Enterprises specializes in HR services, outsource accounting, bookkeeping, and payroll services. We match up with ideal candidates for services by allowing small to midsize businesses to increase focus on their growth through outsourcing. If you want to know how we can help you, contact us today!
REQUEST ONLINE PRESENTATION
We’ll demonstrate how you can save money while improving your efficiency and accuracy when you outsource your back office services to TEAM LUXA.
Let Us Present A Plan →
Call TEAM LUXA today at (918) 928-7288 to learn more about why outsourcing is right for you!