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Accounting for Everyone Week 1

WELCOME

Thanks so much for joining the Accounting for Everyone Bookkeeping course (if you’ve not yet joined, please see below).

Welcome to the first lesson. This lesson is very short on purpose as we do not want to overwhelm anyone. Let’s get going…

Accounts

Everything is an account! It is the single most important thing to understand in accounting. Forget categoriessub-categoriesclasses and any of the other terms you may have heard. Later you will understand why, but for now it is enough to know that we have already simplified double-entry accounting: Everything is an Account. Period.

So, what exactly is an account? It is a way of tracking money. Examples we all know are bank accounts, credit card accounts, deposit accounts etc. If a business has a fleet of vehicles they will almost certainly open a diesel or petrol account at their local garage. But for the rest of us, we rarely think of an expense like ‘petrol’ as an ‘account’. But that’s the point. In the world of accounting, everything is an account, whether it is a bank, petrol, sales, loan, VAT, depreciation, stationery, telephone, rent, profit and loss etc. They are all accounts.

The second most important thing to understand is that there are no special accounts. Every account does the same thing. It records the flow of money. There are conventions for naming accounts, for example, accumulated depreciation account (enough to put anyone off!), but once you understand that all accounts are the same, it will really help you get your head around the subject. To summarize:

  • Accounts track the flow of money
  • Accounts have a meaningful name
  • Accounts have a balance (which shows how much we have, how much we owe, how much we have spent, how much we have earned etc.)

So, what do we do with these accounts? First we need a place to show them. And that place is called the Chart of Accounts. It is a list of all the accounts used in a business. A list of accounts is great, but it also needs some structure so it makes a little more sense.

Accounts Structure

The most basic structure of a set of accounts is to group them into assets and liabilities. But before we explore what that means, here is a vital lesson on business: Always remember that there is ‘business’ and there is also the ‘owner of the business’. They are separate entities. There is you, and there is your business. If you become (or are) a bookkeeper or an accountant, the separation is exactly the same: You and your bookkeeping/accounting business. There are 2 reasons you need to understand this:

  1. (the first reason is a digression, but an important one) If you understand this concept, you can make better business decisions. You can look upon your business as something separate and remove the ‘personal’ side of it. This is a good thing to do. We are not talking about important issues such as customer service here, we are talking about being able to decide whether an investment in the business is good or not for the business. For example, a member of staff is causing issues. If you take it personally, you may not want to deal with it because you like the person. If you understand it is a decision for the good of the business and not yourself, you will almost certainly do the right thing. So what exactly has that got to do with accounting?…
  2. Accounts are split into groups. The basic groups are assets and liabilities:
  • Assets are things the business owns (e.g. a vehicle, premises, computer and other equipment).
  • Liabilities are things the business owes (e.g. loans, overdrafts, tax). The emphasis here is on the business.

Now, the important bit. The business also owes the owner of the business something. This is called Equity. If you want to see what the business is worth to its owner, look at the equity in the business.

OK. How do we show these groups? The most common way to see them is to look at a balance sheet. And what exactly is a balance sheet? It is a list of accounts split into groups, the most basic of which may consist of Assets, Liabilities and Equity.

Summary

We know that the core element of any bookkeeping/accounting system is an account. We know all accounts are the same (there are no special cases). We know all accounts record the flow of money. We know we need to structure these accounts into groups to represent what the business owns and what it owes.

Tasks

There are 2 important things to note about an account:

  1. Its name
  2. Where it is placed in the account structure

Task 1: Write out a list of accounts. They can be of any type you like, bank, sales, expense. What matters is the name. Give them a name that exactly matches what it is they do. For example, ‘Bank’. As soon as you see the word ‘bank’ you know what it does. In the real world, you may name it after your actual bank (e.g. HSBC or Barclays). Another example is Consultancy Work. Does that mean money you have received from consulting work you have done, or is it an expense for consulting work you have had done for you? Try renaming it  Consultancy Sales. It’s all in the name! Hint: if you are already in business, just look at all the things that either cost you money, that you receive money for doing, where you store your money or where you get money from. These are your accounts.

Task 2: Structure your accounts into Assets and Liabilities (forget Equity for the moment, equity is just another liability of the business).

Next Week

  • Task answers and explanation
  • How does the Equity group fit into all this?
  • More on structuring accounts

NOTE: To continue you need to purchase the new FAST TRACK option unless you previously registered (in which case please see your welcome email with your login details).

Join The Accounting for Everyone Certified Course

 

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    Click Here to Leave a Comment Below 403 comments
    AREUS SERPA DE QUAROS

    Dear Mr Quentin Pain,

    I’d like to know how can I receive the certificate free ? If is it possible ?

    I want to start as soon as possible.

    Thanks, Sincerelly, Areus S. Quadros

    Reply
    Tasneem Ibrahim

    Actually i am in the second year in the faculty of commerce English section and this course is a great opportunity to improve my skills in accounting , Thank you so much for helping us with this great efforts <3

    Reply
    Teo George

    Thank you Quentin for such simplified and interesting starter in Accounting. I have put off booking keeping many many years ago where so many journals for each account had to be kept. Was really put off then!
    You have revived my interest and am looking forward to complete this course. When during the week , will the next lesson be available please.
    George

    Reply
      Quentin Pain

      Thanks so much George. Your next lesson will be available exactly 7 days from your 1st (and each week thereafter).

      Reply
        Teo George

        Wow Quentin! you really kept of track of your students. so glad to have a personal teacher like you.
        Look forward to the next. Will this certification help me to go further onto an accounting diploma or degree?

        Reply
          Quentin Pain

          You’re welcome Teo George. Yes, going through this course will help you understand double-entry like no other course I’ve ever seen, so it will certainly help you with your career.

          Reply
    Fulga Apostol

    I studied accounting and business economics in Italy for 6 years but I have not worked in this field, now I’m here and I want to deal with this job as soon as possible, I would like to learn bookkeeping English and I hope that this course would help me to update my knowledge.

    Reply
    Chris Boorman

    You certainly know how to make things understandable. Thank you, looking forward to week two.

    Reply
    Timothy Singiswa

    Quentin! I have no words to thank you for you endeavor.

    Reply
    Karen Noback

    I hope I will learn something from this having never been involved in anything like it before but hubby is setting up his own business and wants me to do the admin and book keeping and accounts so have to learn quick. So thank you for this, wish me luck think im going to need it.

    Reply
    Keshab Raj Bhandari

    Thank you so much for providing us such a wonderful platform for distance learning.I am so eager to attend for next session and I am so hungry to know where does the Equity group fit into.

    Thank you so much!

    Reply
    Frances Anderson

    Thank you for this course I need it to brush up on my accounting skills. When you forget the basic you forget the most important part.

    Reply
    Nicola Cocks

    Hi, I am currently working in a school as Acting Bursar and even though I have a strong finance background I do need to brush up my book keeping skills, I am so glad I came across this course as I feel this will help me immensely and also help boost my confidence in the long run.

    Many thanks

    Reply
      Quentin Pain

      Welcome Nicola. It will definitely give you that. Knowing how accounting works is a pretty rare skill these days as most now rely on computers (and get totally stuck when something unusual pops up).

      Reply
    Susan Anthony

    I’m really glad there is a course structure like this online – – I’m looking forward to learning and getting to work in the next 12 weeks. Will there be a certification given at the end of the 12 weeks?

    Thanks!
    Susan

    Reply
      Quentin Pain

      Great stuff Susan, great to have you here. The certification option is part of the Fast Track. See how you get on, then you can choose whether to take it or not.

      Reply
    Myra Mendoza

    Hi! Looking forward to finish the whole 12 week course to hopefully refresh my knowledge in accounting and learn new or different terms e.g. From where I studied accounting, we used Capital instead of Equity. I really wanted to go back in this career but don’t know where to start. I suppose I have to start from the beginning as it was more than 19 years ago and from a different country. So, thank you for this free course. Cheers!!! 🙂

    Reply
    Min Xie

    hello,I studied ACCA -Association of certified chartered accounting 6 years ago in Ireland and came to Canada after. couldn’t find same rate pay here so I left the career. I didn’t really study keepkeeping or payroll at all but I figure out it is not difficult to do it base on qualification,now I am bookkeeping my husband restaurant from last 2 and half years with excel sheet only without anybody help, except for search from google. I love the way you teach online and I will take few more weeks courses before I decide whether I will go for fast track. am I able to change by the end of course? do you have some payroll course too?

    Reply
    Barbara Coker

    Enjoyed Lesson 1. It is so easy to follow. How do I register for the free week 2 .. Thanks

    Reply
    Michelle Hill

    HI I really enjoyed the first lesson,
    Can I confirm that I can switch to the fast tracked course if I wish.
    Also this is a new area for me and I was thinking , do you do other courses that continue on from this one to enable us to become fully qualified bookkeepers etc.

    Sorry about the questions
    Many thanks

    Michelle

    Reply
    Edward Marteye

    First of all, thanks for introducing this System. I did Accounting far back in 1975 in which I took RSA (Royal Society of Arts) Stages 1 & 2 Bookkeeping and Accounting, but unfortunately never work with it. I’m at the moment a Truck Driver which involve a lot of physical. And due my age I wonder how long I’m going to hang in there, and therefore, need something to backup in case I’ve a change of profession. Once again I say thanks.

    Reply
      Quentin Pain

      Thank you so much Edward. You can’t go wrong with a bookkeeping career. More and more people are becoming self-employed globally (UK went from 3.7 million businesses in 2010 to around 4.8 million today (2014), so there will never be a shortage of work.

      Reply
        Kenneth Rawls

        Thank you for wanting to teach me about bookkeeping/accounting. I really do have a genuine love for accounting, and trying to seek a career in accounting. Right now I’m a college student majoring Business Administration starting out on my associates degree. As you can see, I’m moving in the right direction at this point. I do hope to get something out of your course.
        Again, Thanks.
        Kenneth A Rawls Jr.

        Reply
          Quentin Pain

          Thanks Kenneth. You will get a lot from this course. I know this from the amazing amount of goodwill comments I get from people just like yourself.

          Reply
    Charlene Dowbekin

    Hi Quentin
    I’ve just started this course I’m a stay at home mum with 3 boys 3 and under and want to get a career under my belt before the youngest (23weeks) is in school (so I have a while yet) this is going to sound like a dumb question but I want to make sure I have the correct understand for task 1, I have the understanding that everything that either costs or pays is an account ie: groceries, nursery fees, rent, electric, work(wages) am I on the right line of understanding?
    Many thanks

    Reply
      Quentin Pain

      Hi Charlene, YES you are. That is exactly it. How detailed you go is your choice. For example most small businesses have an account named ‘Stationery’ that records all of their office sundries (eg. paper, pens, printer ink, envelopes etc.) or you could have all of them as separate accounts (far more work, but a clearer understanding of costs). The golden rule is keep it simple. Congratulations on taking this first step.

      Reply
    Rose Adams

    Hi Quentin –

    I have been working as a bookkeeper for the last 6 years; I am taking your course now because I just want to make sure I’m not missing something, somewhere. I suppose I’m doing it more as an edification that I DO actually know what I’m doing and because I’m tired of losing jobs because I’m not a CPA (yet.)

    In short, I’m doing this because #1) I want to go step by step, #2) I want to use it as a ‘refresher’ course, and #3) I want to learn!

    Thank you for offering this course. What happens if I want to go from free to option #3? Can I change horses in the middle of the stream easily? Please let me know.

    Thank you again,

    Rose

    Reply
      Quentin Pain

      Congratulations Rose and thank you for your kind comments. Yes you can switch any time you like. I have a new course opening in March 2014 that helps people just like you take their business to the next level. You can get pre-notification here: http://fullpractice.co.uk

      Reply
    Quentin Pain

    Welcome Merry. You sent me a question by email, which I replied to, but your email service is not accepting replies, so I will post your question here for others to read:

    Q: I buy fabric for my sewing business, but I am wondering if fabric is really an asset?

    A: Yes it is. The business owns it and that is the acid test. We cover how to account for stock that you buy later on in the course.

    Reply
    ricardo henriquez

    Muchas gracias por compartir sus conocimientos y experiencia, me siento muy feliz de haber encontrado su curso. Reciba un saludo desde Venezuela. Sur América.

    Reply
    Abraham Majova

    Just what I needed all this years

    Reply
    Felicity Dunn

    Very Interesting. I am enjoying starting to learn about this but im not sure about how to do the task.. I dont suppose there is someone who can point me in the right direction? Do we just need the names of the accounts, or the actual lists.
    for example: for ‘Bank’ would the account be the bank statements? or everything that appears on the statements?
    Can you tell i have NEVER done this before haha 🙂
    Thanks in advance if someone can help xXx

    Reply
      Quentin Pain

      Hey Felicity, welcome on board. Your question is a good one. The first task is just a list of account names. It is a list of labels of things you want to track. So ‘Bank’ is good. We get into transactions very shortly 🙂

      Reply
    Darlene Van Meter

    I have done some sort of bookkeeping for years at the various jobs I have held, and have used a few different software programs. It has been a long, long time since I took a basic accounting class in school, and I really want to have a working knowledge of what current bookkeeping software is doing, so that I can really be able to confirm the reports. All the calculations are no longer with paper and pencil, yet I do not like to just assume that the program is correct. Although, this is not a software class, per se, I will learn things that I have either forgotten or never really knew. And I will be able to understand what the reports are saying, and correct any errors. Thanks so much for this information.

    Reply
    Fiona McCormick

    I’ve just started working from home and I’m struggling to get my head around the bookkeeping I need to do. I’ve a young son so not a lot of time each week to spend learning a new skill on top of trying to keep the business going. I thought I had it worked out but then realised half the information I’d need for a tax return was missing from my files. I’m really hoping this course helps.

    Reply
      Quentin Pain

      Hi Fiona, this course will absolutely help you. I struggled to understand the concepts for years. It’s why I wrote the original book back in 1998. Nothing existed that explained this in simple terms. So I dug really deep into the concepts and figured out the logic. It was some kind of weird labour of love really, since at heart I am more of a musician than an accountant!

      Reply
    Patricia Krahn

    Thank you for this free information. I have actually done bookkeeping in an accountants office a few years ago, but I moved. I am now at a point in my life where I need to supplement my single income and have decided to do Freelance Bookkeeping in the evenings and on weekends. I am over half way through the Accounting/Bookkeeping Course with ICS Learning (on line/at home). I just need a little more confidence to get started. I am currently an Administrative Assistant (doing mainly accounts receivables and posting accounts payables. I think this is the just boost to give me more confidence as I know once I get that first job I will feel great. I know I can do the work. Right now I am only comfortable doing the A/R, A/P, Bank Recs and GST here in Alberta. I am able to print out and read the reports from Simply/Sage Accounting also. Thank you again. I know I will benefit. Trish

    Reply
    sophie alderson

    Is it only me that is still confused? :/

    Reply
    Albert K. Leabah

    Thank very much. your course is easy to understand and I am very glad that i have started.

    Reply
    Engela Gertze

    one word from me absolutely fantastic

    Reply
    Candace Henderson

    What…? How in the world is the wealth of knowledge free? I just completed week one in about 20min. I’m excited, focused, adrenaline is rushed, BUT I’m still wating for the catch.

    Reply
      Quentin Pain

      Welcome Candace. There is no catch. If you want to access everything in one go and download the E-book, then there is a paid option. The choice is yours though.

      Reply
    Lynne Shepherd

    Hi

    I love how this is so easy to understand. I work in an accounts office but really wanted to refresh my knowledge and so far this has been great, can’t wait for the second part.

    Reply
    Kelly Hankey

    I have just finished the first week of the course and feel great to beable to get new skills to help run our family business cant wait for week 2

    Reply
    Gibson Aubona

    Thanks a lot, I like it.

    Reply
    Samuel Njenga

    This is a good introduction to book-keeping

    Reply
    Engela Gertze

    I simply enjoyed the first week at my age i could not have asked for more thanks to Quinton Page

    Reply
    leonard listowell

    its straight and simple.i enjoy it

    Reply
    Mohamed Arab

    Thanks, and i am excited to next week course. As i am a quick learner, can i access courses quickly…

    Reply
      Quentin Pain

      Hi Mohamed, thanks for your comment. Yes there is a paid version that includes the course book so you can get it all now. See the SPECIAL OFFER button on the top right.

      Reply
    Ngossan Achoumon

    It really very good .It looks like i was face to face a teacher. It’s well explain and simple to understand.
    I will recommend to someone.
    Well done.

    Reply
    loricah dumani

    When does week 2 started

    Reply
    loricah dumani

    Thanks I’m interested looking foward for week 2

    Reply
    Richard Lawty

    Great start. Looking forward to next week!

    Reply
    Mahmoud Abdo

    Thank you very much.

    Reply
    Mahmoud Abdo

    Thank you very much

    Reply
    Susan Wamalwa

    A true class. Can’t wait to continue lesson two.

    Reply
    Helena

    Is this booking course actually free? .

    Reply
      Quentin Pain

      Yes it is Helena. There is also a paid option where you can access everything in one go and get a copy of the course book. But it’s not necessary. It’s there for people who want to fast track through this.

      Reply
    Merlyn

    Great start …. thanks! Look forward to the rest.

    Reply
    Jodi Kruse

    Thank you for this course. It was just what I was looking for since I am the new bookkeeper for my husband’s lawn care business and I had no idea how to keep books 🙂

    Reply
    Willy Alim

    It is easy to understand, and this is what’s I am looking for thankyou ,see you next week. What date and time ?

    Reply
      Quentin Pain

      Hi Willy Alim, the course is delivered every 7 days for 12 weeks. So the link should arrive in your email inbox exactly 7 days after you registered. Check your spam folder if you don’t see it the first time.

      Reply
    Willy Alim

    Thankyou so so much that you give me the opportunity to join your free bookeeping/accounting courses, since I was laid off collectively and intend to open my own business. I am gratefull that there is still a good man like you. God bless you and your family. Bye

    Reply
    Sharon Wurr

    I have taken several bookkeeping courses and so far you have explained in simple terms anyone can understand. I am looking forward to the next task.

    Reply
    Alison

    Hi! At the end of this course will I be able to get a job as a bookkeeper?

    Reply
      Quentin Pain

      You will certainly be well prepared to understand the subject Alison. Gaining experience with real businesses is the next step, so look for jobs that include training and perhaps the possibility of gaining certification from established bookkeeping or accounting institutions.

      Reply
    Hafiz Gul

    It definitely makes you understand and make an initial assessment about the health of a business.

    Reply
    Grace Thompson

    This is a wonderful experience, which opens the eyes of all people interested in having “money-managing careers”.

    Reply
    salim

    This is the exact place where we can get good explanation of an accounting.

    Reply
    ANALIZA GRULLO

    hi, would it be ok if the next links of lessons will be activated few more days after you have sent it?

    Reply
      Quentin Pain

      Hi Analize, there will be an option to get the whole course in one go for a small cost shortly.

      Reply
    peter

    hi

    am up to week 6 and starting to struggle!!

    shouldn’t the Trial Balance on page 78 ( download) be positioned after Servicing on page 79 ?

    didn’t seem to follow the format of the previous exercise ….

    Reply
      Quentin Pain

      Hi Peter, the TB is just there to help you see the balances taken directly from the 5 transactions and ignoring the bank, which is what you will be working out as you do the tasks. It only exists in the book versions of the course to make it a little easier. Apologies if it confused. Keep going. You are doing great to get to this point.

      Reply
    Sheli Rising

    I enjoyed the first part of your course. I have taken bookkeeping through a 10 month schooling program and graduated with honours, but that was quite some time ago. I have been working in accounting departments for quite some time, so I understand the concepts of bookkeeping, but I have been out of work for the past three years and I really need a “refresher” on things. Your course is very straight forward and easy to understand. I am looking forward to continuing, and maybe doing my own bookkeeping business someday…… Sheli

    Reply
      Quentin Pain

      Well done Sheli. You have come to the right place to catch up with things.

      Reply
    henri

    Are we going to be sent lesson two in the second week or it is already on the website. cause i checked and didnt see any lesson two on the website. this was very helpful. Im planning on starting a business and this will help me alot

    Reply
      Quentin Pain

      Hi Henri, the lessons are sent out exactly one week from the previous one, so you should get an email shortly.

      Reply
    Emma

    Hi, I have recently become disabled and have mobility problems, I have just recently had to leave work through ill health. I am not someone who can just sit about not doing anything. my husband has his own window fitting business and i do his book keeping and send them off to an account each year.
    I am very interested in getting some knowledge and qualifications so I would be able to do all this work myself and in the long term become a qualified book keeper or account.
    I am hopeing that your 12 weeks course will give me an insite into this.
    Thanks Emma

    Reply
      Quentin Pain

      Yes it will help a lot Emma. Well done for taking action.

      Reply
    Tom B-B

    A nice easy step into accounts thank you I look forward to the next instalment.
    I have no doubt it ill get too difficult lol but I will have a go

    Tom BB

    Reply
      Quentin Pain

      Stick with it Tom. I am sure you will ‘get’ it in time.

      Reply
    Mihaela

    hello i just want to ask after i finished the course, will i take some certificate that i’m finish this course thank you

    Reply
      Quentin Pain

      Hi Mihaela, we are working on certification. There will be a small cost, but it should be available soon.

      Reply
    Mandy Archer

    I want to thank you for this opportunity , currently I’m looking at starting my BA in accounting but this will be an excellent tool to get me started.

    Reply
      Quentin Pain

      That’s great to hear Mandy. My course will help you a great deal. Welcome and please tell your friends about it.

      Reply
    James

    Are ther any websites whch offer free bookpng courses with certification

    Reply
      Quentin Pain

      The only certificate worth having is one from a recognised organisation such as the IAB or ICB James.

      Reply
    James

    Can any one direct me to any website which offers free bookkeeping courses with a certificate.

    Nice work on this website

    Reply
    Abdinoor Ali Khansoy

    I am 53 years of age and wish to conduct my own business but before starting the occupation I decided to attend an accountancy course. In my first lesson I have learnt the real meanings of Assets,Liabilities and Equity . Well, it is brilliant course from your free accountancy institution. I am gratefull and anyone shall appreciate the free bookkeeping.

    Regards
    Abdinoor

    Reply
    Ahmad Sanders

    HI My name is Ahmad Sanders.
    I just signed up for your course. Im so excited about and would like to move up at my job. Once im done taking this course, do i still need a accounting degree to get a job? or could i get certified by taking a class after your course to become certified?

    Thanks

    Reply
      Quentin Pain

      Hi Ahmad, thank you for taking the course. It all depends where you practice. In the UK you do not need anything to be a bookkeeper other than registering under the Money Laundering act with HMRC as a bookkeeper. You also need to register yourself with them as a business too. But you can also get certification from a number of different organisations including the IAB and ICB both of which are dedicated bookkeeping organisations.

      Reply
    Karl Van Gool

    Tahk you so much for sharing your experteese with us, although I am helping somewone with there books I am certanly looking forward to this course.
    I am disabled but find it hard to find work, therefore if I get on with this I may pay out and take a paid courser so I can start up on my own? If that is possible?
    Thank you again.
    respectfully
    Karl.

    Reply
      Quentin Pain

      Yes that is perfectly possible Karl. Take a look at my mini course on starting a bookkeeping business in the side panel on the right. It should help you quite a bit.

      Reply
    deloris

    I am using this as a refresher course to keep my accounting skills up to date and looking forward to week 2.

    Reply
    Raymond Hewett

    I already have Home Accountz. Will that be adequate to use with the 12 week course rather than installing the Business Accountz 90 day trial?

    Reply
      Quentin Pain

      Hi Ray, yes absolutely. You won’t be able to do the VAT, but you will be able to do most other things. Glad to have you here.

      Reply
    maggie

    Pls do U give certificate

    Reply
      Quentin Pain

      Hi Maggie, use this course to help pass your exams on the courses offered by organisations such as the IAB who do issue certificates.

      Reply
    maggie

    Hi just began with this loving it:)

    Reply
    sherah

    hey, this is great but i want more, cant wait for week 2 xo

    Reply
    craig

    When does week 2 start?

    Reply
    michael warren

    very helpful, trying to sort out the accounts and books of a friend who has started up in business, course will be helpfull

    Reply
      Quentin Pain

      Hi Michael and Marie-Brigitte. Thank you for your kind comments.

      Reply
    Marie-Brigitte Souci

    Dear Mr Pain,

    Thank you for the free offer. I apologise for not responding promptly to your correspondence.

    I am engaged in the course to refresh and glean some elements for my own business.
    Again thank you for your generosity and sharing your knowledge which I find extremely easy to follow.

    Yours sincerely,

    Marie-Brigitte Souci
    @ HBOS – Executive Administrative Consultant

    Reply
    Raquel Martin

    When I finish this course will I have some kind of certification indicating that I took this course for training.

    Reply
      Quentin Pain

      Hi Raquel, no, this course is not certificated. It is there to help you understand the logic of double-entry bookkeeping so that you are better prepared should you wish to become a certified or chartered bookkeeper or accountant.

      Reply
    SONIA

    So far so good. At last it’s explained properly. Thank you

    Reply
    Karamjeet

    Very nicely explained…. It’s going good and eagerly waiting for the next lesson….

    Reply
    Wahida

    Good Work just read week 1

    Reply
    Oliver Lugtu

    yes! it so nice to have a free online lesson like this, thank you for extending your hand helping people specially for those less fortunate and cant afford to learn in school.

    but after reading the intruduction or the first part, it so confusing on how to proceed on the next step lesson theres no any instruction, sorry for asking because this my first time doing an online lesson like this. thank you and god bless.

    Reply
      Quentin Pain

      Hi Oliver, you will get an email with the week 2 password exactly 7 days after week 1, and so on. Thank you for joining.

      Reply
    Robin

    All looking good so far. Looking forward to Week 2 already.
    Thanks Quentin for a a great service.

    Reply
    Savvy Lady

    Quentin: Honestly my dear, YOU are a life saver!
    Last year I had a whole module in my Office Admin college course on Bookkeeping – I was lost! My textbooks over-complicated everything, and I’m not so sure my instructor could explain much better.
    My biggest struggle was understanding ‘assets and liabilities’.
    Within a few minutes of reading your material – I GET IT!
    I love how you keep it simple – no technical jargon.
    Thank you and I look forward to next week :0)

    Reply
    Stephen Barber

    Many thanks Quentin, I am looking forward to lesson two…

    Reply
    Mark

    Enjoying the course – very informative, logical, easy to follow and well presented.

    thank you!

    Reply
    beata repovska

    :)) it will be fun, looking forward for second lesson.

    Reply
    Karen

    The first part was quick and easy – thank you

    Reply
    LaShawn

    It’s truly a pleasure to have a resource such as this offered for free. The matter of fact and common sense approach, after just one lesson, has been a God send.
    Thank you.

    Reply
    Farid

    This course is Fabulous !!!
    Thank you very much. That is what I was looking for

    Reply
    jo

    this is very helpful. thanks!

    Reply
    Dorothy

    thanks for the free bookkeeping course i really enjoy the first part of it .

    Reply
    Constantinos

    Is a certificate awarded upon finishing the course?

    Reply
      Quentin Pain

      Hi Constantinos, there is no certificate associated with this course at the moment. The course will help you complete any other certificated course though by showing you the logic of bookkeeping. So think of this as a way to speed up your learning and understanding of double-entry bookkeeping. You will find it extremely valuable.

      Reply
    Gary Fillary

    i have been making it up as i go along, but now i have started this course things should start to make sense to me and our accountant

    Reply
    Denyse

    Nicely explained thank you, so far so good.

    Reply
    Patricia Perez

    Thank you so much! Can’t wait for week 2!

    Reply
    Marian Mlynar

    Hi, just started first week and so far so good and easy, thanks.

    Reply
    Roseee

    I like this bookkeeping course,thank you very much.

    Reply
    stella lehola

    I have now finish reading wk1 and I understand the difference between what business owns and owes so far so good starting again reading wk2.

    Thank you again.

    Stella

    Reply
    Emma

    Thanks! Such a nice & easy to understand course so far! Can’t wait for the next lesson.

    Reply
    Denise Oakley

    I am in business and have struggled with my accounts for 3 years. I am doing the course to hopefully make it easier. Lesson 1 was easy to understand and I have learned something that I hadnt grasped before! So I am I hopeful that by the completion of the course I will be able to complete my Tax return much easier. Thanks for the free course X

    Reply
    themba

    Simplified well enough so far. Thank you very much Quentin

    Reply
    Oscar Gutierrez

    My first time studying online, I am 68 and I find this course easy to learn so far, I can”t wait for the next lesson, I love it.

    Reply
    Sithembiso Mataba

    The course is very good and gives one basic grasp of bookkeeping. i cant wait for my next course. I hope I will get a certificate to prove I have done it.

    Reply
    saba

    Thanks alot for this course this is really wonderful !

    Reply
    Mary

    Very self explanatory. Thank you very much for giving me the opportunity to learn bookkeeping as I’m starting a new job, school’s bookkeeper.

    Reply
    Gary

    Being a sole trader was a relative doddle – being a small Ltd Co is painful… as is my accountant. This course contents cover what I was asking him for help with – the foot dragging to get anything like this sort of clarity and information has been frustrating, to say the least. But for Week 1 – so far, so good…. I think. 🙂

    Reply
      Quentin Pain

      Well done Gary. By the time you finish you will have a very deep grasp of what bookkeeping actually is, and that will help you get clarity from your accountant as you will be able to ask the right questions.

      Reply
    Diane

    Wonderful so far on lesson 1. Can’t wait for lesson 2.

    Thank you

    Reply
    stella lehola

    thank you for my first lesson I will be reading it again I now know the different terminology.

    stella

    Reply
    Rene Kloppers

    Thanks, looking forward to the next 11 weeks!

    Reply
    Donna

    so far so good

    Reply
    J.Magalhaes

    this course very interesting to me
    thank you very much.

    Reply
    Stella Mary Mc Dowall

    Looks too easy to be true! I await next week’s lesson with interest!
    Thanks,
    Stella

    Reply
      Quentin Pain

      Thank you Stella. Bookkeeping is fairly simple, once you know how it works, and that is what you are going to learn here 🙂

      Reply
    mumtazulhaq

    I have done a city and guilds bookeeping and accounts course and i am going to sit for aat level three in september this on line course is really helpful for me keep it up once i pass do i get a certificate or not kindly advise by email
    Many thanks
    M Haq

    Reply
      Quentin Pain

      Hi Mumtaz, there is no certificate at present although we are looking into this. What you will get is a very good grounding in bookkeeping and accounting. Thanks for joining the course.

      Reply
    dawn watson

    well, that seems simple enough so far, bring on week 2. thanks

    Reply
    tammy

    I know nothing of bookkeeping. I’ve done the 1st and 2nd task and find it easy to work with. Looking forward to doing this course.I really appreciate it. Thanks so much.

    Reply
    ALICE WIMBERLEY

    The frist part confrimed alot of unanswered questions for me Thank alot.

    Reply
    Monika

    Good summary. Looking forward to see more

    Reply
    Tessa

    Good intro for the course. Still using Prophet 3 at present as it’s working well.

    Reply
    fiona marchant

    very helpful hope the rest is as easy to get to terms with

    Reply
    Terere

    I know nothing about accounting,but I really interested and wanted to be an accountant.

    Reply
    Claire

    Easy to follow and not too much to take in on first lesson :o)

    Reply
    laura

    looking foward to next weeks

    Reply
    kevin diggins

    i just started this today and its very interesting to me so far ,i look foward to next week

    Reply
    Michaela

    looking forward to course things a little clearer now thank you,

    Reply
    Linda Fitch

    I finally understand where equity fits into the accounts – thank you!

    Reply
    Wendy

    I’ve always been very unsure about accounting and have believed that its something that I should leave to others who can understand that sort of thing. Now I’m realising there’s hope for me yet! Thank you.

    Reply
    Kym E

    I’ve taken accounting before, but have been in need of a refresher. This course seems a lot simpler than when it was explained to me in college. Thanks for offering it for free.

    Reply
    N L

    So far so good. Really simple and easy to understand. Great. look forward to week two.

    Reply
    Akoya

    This first lesson was very easy to understand and follow through with. I look forward to next week.

    Reply
    nazma

    I still haven’t received any correspondence by email from you.Please look into it.
    Thanks

    Reply
      Quentin Pain

      Hi Nazma, thanks for joining my course. Please place your question here and I will get to it.

      Reply
    Ashwani Chadha

    I will react with two words. “So simple” I have been trying to understand and go for education in Accounting. Hitherto, I could never gain confidence. Now, after reading your introductory chapter on the concepts of accounting, I am fully confident that I will be able to understand bookkeeping and accounting. Acknowledge my thanks conveyed from the core of my heart.

    Reply
    Carla Rossi

    Can it be that easy…look forward to continuing.

    Reply
    Celia Jones

    Very clear and interesting first lesson, thank you. I’m looking forward to lesson 2.

    Reply
    Danette Coke

    Hi There
    First lesson so clearly explained and easily understood – great that a course like this is available! Keep up the good work

    Reply
    Alison Williams

    Thank you for writing your lesson in such an easy to use language. Your first lesson has allowed me to develop my knowledge from the start.

    Reply
    Jo Ann

    Our bookkeeper left and I’m going to be handling that side of our business. I’m so grateful that I found your site and looking forward to the lessons that follow.

    Thank you so very much

    Reply
    Ismat Meeajaun

    I am very pleased- you have made it so simple- I am already loving it.

    Reply
    Kim Jackson

    I couldn’t believe how quick and easy the first week of the course was looking forward to week 2 .Thanku

    Reply
    Edwina

    This is really helpful and takes what I have already learnt to the next level. Thanks again 🙂

    Reply
    Willie Green

    New to bookkeeping so looking for simple understandable introduction. Good start and good explanations.

    Reply
    Janet G

    Clear and simple

    Reply
    Charlie

    Hi there,
    Just to clarify, things you ‘do’ to earn money, like cleaning or something, are they classified as assets? Or does assets literally only refer to material ownership?

    Thanks 🙂

    Reply
      Quentin Pain

      Welcome to the course Charlie. Assets are mostly ‘material’ things. When you ‘do’ something to earn money you are trading your time for money. Your time = income. Money = assets. Keep going with the course, all will be revealed.

      Reply
    Brian Harris

    Hi Quentin,
    I have never done book keeping in my life before, and want to learn as I am planning on setting up my own Business shortly and will obviously need to keep books for the tax man etc. So your course is going to be really useful to me. I have found Part 1 extremely helpful and easy to understand. Looking forward to part two.

    Reply
      Quentin Pain

      Great stuff Brian. Starting your own business is an amazing thing to do. All you need is persistence (a good product and understanding your customers is also pretty important too).

      Reply
    Ahmed Jai

    Fired up and ready to go!!
    Thanx a million
    be well Pain

    Reply
      Quentin Pain

      Hi Ahmed, great to hear from you. Here’s to your success.

      Reply
    Carol Perry

    I have just requested to join your course but your email went into my junk box before I realised and it was deleted, could you please resend it and this time I will be more careful. Carol

    Reply
      Quentin Pain

      Hi Carol, just sign up again. Any problems, let me know.

      Reply
    Graham

    This is great, I actually feel for the first time that I have read something about accounts and firstly not been bored rigid by it and secondly understood it. Thank you, I can’t wait for the second lesson.

    Reply
    Christopher Holmes

    Quentin: I like how you explain how everything is an account just difference in names explain the account type, but all are the same. Thank you.

    Reply
      Quentin Pain

      Hi Christopher, yes, understanding that everything is an account is simple but so important, and I know it gives people the confidence to explore further.

      Reply
    cynthiacrawford

    Good Morning, Quentin Pain,The vital lesson learned about busines as a separate entity was qualitative.:)

    Reply
    Syeda

    I’ve recently started a business, but have been really bad at keeping any account records and was dreading having to pay thousands to an accountant to sort it out for me (I can;t afford to at this stage anyway!). Hopefully with this course, I can be more confident in doing it myself. It was a great first week intro.
    I’m curious to know, is there even more in the book than will be online?

    Reply
      Quentin Pain

      Hi Syeda, the book adds answer grids to make it easier to complete each section. It also includes the answers as screenshots from Business Accountz if that software were used to complete the course.

      Reply
    Sherri

    Hi Quentin, I read through Week 1 and I was pleased it confirmed what little knowledge I already know about Bookkeeping. Very simple, but definitely to the point, which I like. I’m looking forward to Week 2. Thank you for offering this free course to increase my knowledge as a beginner.

    Reply
    john

    Thanks, hoping this will clear up some of the jargon for me!

    Reply
    Balinda

    I am so eager to move on, what i just feel is…..exuberant! Carry on.

    Reply
    Misgana

    Dear Quentin,thank you very much for replied me Promptly. Everything is sorted now. I can’t thank you enough for providing us the free 12 weeks bookkeeping course. God bless you. I read week one and I’m looking forward to week two. Many thanks.

    Reply
    SHINETA

    in read my first week lesson and im ready for next lesson. im eager to learn all i can about bookkeeping.

    Reply
    Neil Wightman

    Thanks for showing me yet another way to understand the basic concepts of bookkeeping, I am looking to the next lesson.

    Reply
    Lana

    Good day, Quentin. Thank you for explaining it so easy yet thoroughly. I remember when I did accounting in school, even though I was an A+ student I always thought they made it boring and too complicated than it actually was.

    Reply
    Jd

    Just read through the first lesson.You have a good way of putting things over. I have done bookkeeping many years a go and many tutors were poor in putting the subject over.

    Reply
    Nicholas Beia

    Today I’ll read (Accounting for Everyone Week 1) and will say my comment as soon as I completing it. first of all I am just an intermediate english learner and I’m so thankful for your free online bookkeeping that I am now currently studying. Truly have no money and no sponsorship at this time so I’m searching for some kind of educational free online courses that suit my capacity. Thanks for your online bookkeeping course.
    I’ll be touch.
    Nicholas Beia.

    Reply
    Carol

    Hi, I am enjoying week 1. I do not have a business so cannot write up the task for this week. I am looking to go into bookkeeping as a career and am pleased that I have found your website as hoping it will help me to further my career. Should I do a pretend list for my task?

    Reply
    Mabel

    Thank you so very much I have done Bookkeeping courses twice before with the home learning programmes and didn’t finish them bkoz I didn’t understand, but with yours it’s so simple judging from this. I am going to finish my course this time and thank you so much. God bless you.

    Reply
    Rachael

    Really interesting and understanding all of it too which is even better 🙂

    Reply
    Deni

    Thanks, for this

    Reply
    ANEL

    Thank you,i am so exited to do this cant wait for the rest.Thank you so much

    Reply
    Lynette

    Thank you, This is most informative and to the point. I am going to enjoy the rest of the course, I just know it.

    Reply
      Quentin Pain

      Welcome Lynette. Thanks for your lovely comment. Here’s to your future success.

      Reply
    Sharon K Becker

    cant wait to get start with this

    Reply
    Chloe Barnes

    Great stuff- I am sure this is just what most people are looking for.
    Bookkeeping can be a daunting task but you have made it a really interesting read.
    I can’t wait for next week!

    Reply
    Rocio

    good, looking forward for the next week

    Reply
    PK Typing Services

    Great thanks, looking forward to the next one. I do all my own accounts and ask an accountant to do the tax return, I am doing everything correct up to now so exciting to see what is next in store. Thank you 🙂

    Reply
    Ekpombang

    Thanks alot i’ve learned specifically how to distinguishly name accounts,itis simple and easy to understand.I can’t wait for next week.

    Reply
    heidi

    loved this as it opened my mind up and also made me make my mind up thats this is the career i want to take can’t wait to find out if i do actually have a understanding of this already or is it all in my mind

    Reply
    Geraldine Richardson

    Awesome. I think that I am really going to learn something this time. I’ve took accounting but got lost in the shuffle. First week great. I am looking forward to next week. Thanks.

    Reply
    Pete

    Succinct! Off to write up my tasks …

    Reply
    Lisa

    This course is helping me already. Cant wait till next week! Thanks 🙂

    Reply
    EWA

    nice clear start, thank you

    Reply
    harb

    Great! looking forward to continuation of the course.

    Reply
    Lisa

    Thanks very much i’m really looking forward to the rest of the course.

    Reply
    merciah

    not just good but excellent for the beginners, thank you it was easy to understand, looking forward for wk 2

    Reply
    Mirna

    thank you, looking forwards to week 2.

    Reply
    Liska

    Good easy start, very keen to start week 2. Any chance of fast forwarding? Many thanks!

    Reply
    Sherry Jenkins

    Yes,
    Thanks for explaining it very simnple terms, where anyone can understand it. I can’t wait to learn more.

    Reply
    Vivian

    I couldn’t believe its so short and straight to the point. I’m really looking forward to wk 2

    Reply
    bineta

    Thank you very much! Looking forward to week 2

    Reply
    Michelle

    excellent basic straight forward info. looking forward to week 2. many thanks

    Reply
    Edith

    Thanks. Looking forward for week 2.

    Reply
    Ilona

    Thanks for your explanation it is great

    Reply
    Danguole

    Looking forward to week 2!!!

    Reply
    Claire

    Excellent – looking forward to week 2.

    Reply
    Nonna

    This is simple explanation of accounts. I’m happy to finding your course.
    Thanks! I looking forward to Week 2.

    Reply
    Jane

    Thanks everso much for this. I have never done bookeeping before but this is a nice, simple way of explaining it. I have got caught up in so many scams recently and lost so much money trying to work from home that it’s refreshing to find someone who is actually genuine!

    Thanks again and i’ll be in touch should there be anything I don’t understand.

    Jane

    Reply
    sam

    good so far

    Reply
    Eric

    Just getting started and looking forward to what this course can teach me.

    Reply
    Glenda

    Thank you for the first week, good explanations help with understanding the accounting terms.

    Reply
    Blondell

    Thank you for the simplification…………..this is a refresher for me, but so enlightening.

    Reply
    Amanda

    Thank y0u for the explanations, it will really help with understanding the terms of accountancy.

    Reply
    Sarah

    Thanks for week 1… completely makes sense! look forward to week 2

    Reply
    Linda

    Thank you for explaining things in basic terms. Looking forward to continuing.

    Reply
    Roxana

    It’s very interesting!!! Thank you!!! I can’t wait next part!!!

    Reply
    Emma

    I’ve been working in bookkeeping, self taught, for many many years, and never quite got the picture, but now, thanks to this, the mist is clearing, thank god you had the insight to strip away all the fancy wording, it’s like deciphering a code for me… looking forward to the next one 🙂

    Reply
    Nicky

    The lesson was very straight forward and easy to understand, look forward to next week. Doing college course and struggling hope this course will help me understand college course better.

    Reply
    Sam

    The explanation for lesson 1 was concise and well done.

    Reply
    Ana

    Dear Quentin
    congratulations for such a good job, i was reading the very first lesson and the way it is explained, it sounds easy to follow, even logical. I am happy to have found your course online and i really looking forward to receiving the next lesson.

    Reply
    chioma

    Simple, short and straightforward.looking forward to the next lecture.thanks a lot

    Reply
    Sheila Hart

    So far so good

    Reply
    hannah

    Easy to understand and not too long…I hope the rest is this easy to follow!

    Reply
    roopali

    its easy to follow and precise and to the point…….. Excellent…!!! Thank you.

    Reply
    Jilly

    I am really afraid of accounting but being a secretary decided to try this as a back up, I understand the first lesson really well, explanatory and simple. I just hope that the rest is as easy. I think once a week is too little, I will forget all about the first lesson by next week.

    ^^j^^

    Reply
    Johan

    Excellent and to the point-should be daily not weekly.

    Reply
    Judi

    Thankyou very simple understanding and to the point.

    Reply
    Trevor Jones

    Aaah,What a refreshing change! Plain,understandable language at last. Enjoying myself already..thanks!

    Reply
    Kate

    Very good but short – kind of wish it was daily instead of weekly.

    Reply
    Pamela

    Very good specially for someone who wants to learn the basic.

    Reply
    Bruce

    I am at ease with what is to come in my college courses. Your definitions honestly put aspects of the course into easy to understand perspectives for me. Looking forward to the next lecture. Thank You! Bruce.

    Reply
    Andrea

    Love the first lesson. Very simple to follow and understand. Looking forward to the next lesson!

    Reply
    marjan

    thank you for 1st lesson, you’ve made it sounds interesting, I’ve found it very logical & easy to follow. looking forward to 2nd lesson.

    Reply
    Emma Jackson

    First impressions good! Easy to follow and straight to the point, very encouraging! Thank you

    Reply
    Amanda

    being more of a arty person i thought i would be bitting off more than i can chew …. but well so far so good, looking forward to next week!

    Reply
    Sandy

    Very well laid out. Starts with the basics and uses plain english. So far its well done.

    Reply
      Quentin Pain

      Thanks Sandy 🙂 By the time you get to week 12 you will see the true benefit.

      Reply
    Abdul Nazer K.C.

    Very interesting, i like it, looking forward to the next 11 weeks

    Reply
    Avril

    Thank you Quentin
    It is easy to follow and so far simple to understand
    I like the idea of homework as it helps to reinforce the points you have made. Hoping I can stay on track with next week’s lesson
    x

    Reply
    Ruth

    Hi Quentin,

    Simple, easy to understand, no jargon. Looking forward to next weeks lesson.

    Reply
    Harry

    Thanks Quentin
    The way you presented using simple words that explains the lesson is very enjoyable I’ve just went through the 1st lesson even it was a bit short, but it was very helpful looking forward to receive future lesson.
    Thanks again it’s much appreciated

    Reply
    Delphine

    Really simple and interesting course. I am doing a sandwich course in france to become a good accountant but i want to be better at what i am doing, the problem it’s time and explanation. I know accountancy in france but not so much in uk (i always lived and studied in france). I know the difference between an accountant and a bookeeper (i thing it’s not explained here or i missed it…) but in france we use the same word for these two different “activities”. As i am working in a big company, i am wondering if an international chart of account can be created and be used for everybody.

    Reply
      Quentin Pain

      Hi Delphine, yes it is perfectly possible to create an international chart of accounts, but a set of accounts should be created for businesses on an individual basis so they can track and manage the things that are important to their business. Some general chart would carry far too many accounts and is likely to cause confusion to a bookkeeper.

      Reply
    janny

    Love the way you simplify things. I borrowed a guide to accounting book and the first few chapters confused the heck out of me. Needless to say I didn’t finish reading it. Thank you!

    Reply
      Quentin Pain

      Cheers Janny 🙂 I found the same thing and that’s exactly why I created this course. Really glad you appreciate it.

      Reply
    saida

    makes accounting look less scary,

    Reply
    Khalifa Alnaamani

    Dear Quentin.

    The fist lesson is easy to understand,but very short.
    looking forward to learning some more!

    Reply
    larissa

    Dear Quent!n -thank you very much for your GOODWILL.
    lOOKING FORWARD TO LEARN THE BASICS 🙂

    Reply
    Kimberly Jones

    I’m learning so much, thanks for this course.

    Reply
    Gareth

    Thanks Quentin, looking forward to learning some more!

    Reply
    Pragasen Naidoo

    Easy to understand. Look forward to the next lesson. Thank you kindly.

    Reply
    Pamela Jurgen-Abdillahi

    This information has been addressed very clear to me. Thank you so much.

    Reply
    Mark Allan

    Very basic and simple and very short. Terms i have heard before but the explinations where good and brought the terms into “the real world”. With some admin background i have found the begining to easy but hopefully it will become harder as the weeks progress.

    Reply
    Malcolm

    Very interesting, i like it, looking forward to the next 11 weeks.

    Malcolm

    Reply
    G Kent

    Great start to the course! I have no accountancy knowledge and this has really helped 🙂 Thank you Quentin!

    Reply
    Ericka

    Just read week 1. Very good easy to understand information. Thanks Quentin.

    Reply
    Maria Adams

    Hello Quentin
    You have saved my brain from liquidation!(excuse the pun)I was made redundant in November and have only had 8 weeks temp work inbetween. I’m an accounts clerk,primarily purchase ledger and I’ve been applying for jobs daily, but it’s tough out there,the house is spic and span,but the weather is horrible.
    So I thought I’d brush up on accounts, some of the websites were rubbish but I’m glad to say yours is great and its free and I’m so looking forward to the rest of the course. Bring on the forum

    Reply
    Terri Randall

    Thank you so much for this free training. I am starting my own business as a virtual assistant and need a refresher in the area of accounting. It has been a few years since I have had a roll in any area of bookkeeping. I look forward to the next lessons. Thank you again!
    Terri

    Reply
    Andrea

    Hi Quentin,
    I am new to accounts and bookkeeping and I have found the first week informative and the tasks easy to do, hope this course helps with doing my partners bookkeeping.
    thanks
    Andrea

    Reply
    Tammie

    Hello Quentin,
    Thank you for this lesson. I am in the process of starting a payroll processing company and I am very excited to get this up and running. I know all aspects of payroll and filing and depositing payroll taxes, but I have no accounting knowledge. I would like to add bookkeeping into the services I offer so this is a hugh step to helping gain the knowledge I need to get this up and running. I am also taking accounting course through a school so I can be as successful as possible.

    Thank you again.

    Reply
      Quentin Pain

      Good to hear from you Tammie. This will certainly help you with your course. Hopefully you will be top of the class 🙂

      Reply
    dylan munalula

    Hi quentin,
    This is good stuff,i would rather understand the whole 12 week package than memorise and right now am focused.

    I appreciate accountz just from week 1,it has actually been designed to make me know bookkeeping and practise.I recommend it to all my friends…..Thanks quentin

    Reply
    lyn

    Hi

    I have just read through the first week and it seems really easy.

    Reply
    Jessie dsouza

    Hi Quentin,

    This is an excellent course. Because of my tight schedule, I’m able to read the first week’s lesson just today and I’m going to read the second week’s lesson tomorrow.

    Thanks,
    Jessie

    Reply
    noel

    Hello Quentin

    It has been a good beginning for me who has no knowledge on what accounting was all about. I hope it will go this way till the end.

    thanks

    Noel.

    Reply
    Janine Wood

    My dad forwarded this to me. Great introduction and refresher. Looking forward to week 2.

    Reply
    Vahid

    Hi quentin,
    This is fantastic. A week is too long to wait for the next lesson. Is it possible to receive the future lessons any quicker?
    I will recommend this to all my friends.

    Reply
      Quentin Pain

      Hi Vahid, thanks for your comments 🙂 I may produce an Ebook of the whole course at some point. One thing I am definitely doing is starting a forum here. This will cover a number of subjects:

      1) Bookkeeping
      2) Starting and growing a business
      3) Internet marketing (so you can grow your business fast)

      The poll on this site shows the vast majority are in the above categories, so hopefully everyone will find it useful. And the cost of this? well, free of course 🙂

      Reply
    Brian

    Hello Quentin
    Thank you very much for sending accounting for everyone, I use Accountz Home version of your software and wonder if it is advisable for this course if I were to download a trial version of business accounts.
    My work for SSAFA FORCES Help is purely voluntary and I doubt if would be able to afford the full version of the software, this course will prove very beneficial as our local treasurer who is 78 will be retiring shortly, and I will ‘shadow’ him for a while.
    I enjoyed the gentle week one introduction am not sure whether I have to send my answers to you or just keep them on file.
    Kind regards

    Brian CrawfordWilson
    Assistant Divisional Secretary
    SSAFA FORCES HELP – Sedgefield Division
    17 Harebell Meadows
    Woodham Village
    Tel: (01325) 321101
    http://www.sssafa.org.uk

    Reply
      Quentin Pain

      Hi Brian, a very warm Welcome to you and SSAFA. I am not sure if you meant to post all your contact details here. It not, let me know I will edit it out for you.

      Yes, Home Accountz is very suitable for this course. It is a self-assessment course, so each week you also get the answers to the previous week. If you have any questions, post them here. Shortly I will be opening a dedicated forum on this site, where all the members are free to join in and help each other.

      Reply
    S mendes

    Clear and concise,great for a beginner like me.

    Reply
    David Hugh Patterson

    Now this I like! Simple foundation!!!

    Reply
    Peaches

    This ws simple I hope it will be that way throughout. I am going to recommend this site to my sister.

    Reply
    Helenne

    Hi there!!
    Thanks for the first week. I am looking forward to the other 11. I have done my AAT course but wanted a refresher course in accounts and this is brill to do that. Thanks

    Reply
    Rubina

    Thank you Quentin Pain. The course looks very interesting and easy to follow up. thanks again,looking forward for next week.

    Rubina.

    Reply
    Christine

    Nicely explained, made really easy to understand.

    Reply
    wanjiku

    I haven’t got a clue of what accounts is all about, but interested to find out. If it interest me hoping to take up some courses. Introduction seems okay so far, waiting to see what week 2 will bring.

    Reply
    lucie

    I found it easy to understand, the only thing is ‘the charts of account’ I can’t seem to find it? If it is possible to print something like that off how would I do it? I’m very much looking forward to next wk.

    Reply
      Quentin Pain

      Thanks Lucie. I have just added a link to the front page that lets you download a 12 week trial of Business Accountz software. It runs on all platforms (eg. WIndows and Mac) and will show you a Chart of Accounts and the structure amongst other things. I will add a link box to the right hand side shortly so you can grab it direct from here.

      Reply
    ahmed

    wow, this is good for a start.thanx sir for the course i appreciate it 100%
    look forward to week 2.

    Reply
    Hayley-Jane Dennis

    Very interesting and easy to follow, looking forward to next weeks challenges!

    Reply
    Marie Johnson

    Thanks for week 1, nice and simple. I’m trying to make sense of our charity accounts package on Sage (what a headache!) I’ve run off a print out of the ‘Chart of Accounts’ and labelled them assets and liabilities, wonderfully most of them matched the list I’d made as Task 2 (hurrah). However I had listed ‘Bank Account’ as an asset but the Chart of account showed it under ‘Current Liabilities’ (more headache!). Why would it be there or is that week 2? Thanks

    Reply
      Quentin Pain

      Hi Marie, Many thanks for your lovely comment. The only reason to place a bank account into current liabilities would be if it was generally always overdrawn. The assumption is that for most people the bank will have some money in it, and so will be placed in current assets. When drawing up a balance sheet, the bank can be switched to either side depending on its balance on the day the balance sheet is drawn up.

      Reply
    Mohun

    Thanks Pain, I didn’t have any pain to understand. Looking forward for the difference of LIABILITY N EQUITY and how to put them in my account.

    Reply
    Ross

    Easy to understand and looking forward to saving on accounting bills.

    Reply
    Gayla

    First week’s course was self-explanatory. Thank you for the opprotunity to start this process. I’m looking forward to next week’s lesson already.

    Reply
    Emma

    Hi found this easy to digest, have already recommended it to someone.
    cant wait for week two now. thank you

    Reply
    Jan

    Thank you very much. I see how this will help me out so much on our business accounts.

    Reply
    Clair

    Thank you very much for week 1. I enjoying reading the information and it got my brain working again! Looking forward to week 2.

    Reply
    Rafael Juchem

    Thank you! Very simple to read and understand. Right on the money.

    Reply
    Maria Maropo

    Very simple and straight forward!! Looking forward to the next.

    Reply
    eva robertson

    Thank u for the easy to understand meaning of the account. it was very enjoyable to read.

    Reply
    Roxanne

    I think this is really good, I’m keeping it all to read in the evenings. I am not currently training in accounting. I wanted to take a look at this to decide if I want to spend my money on accounting, and descover if its right for me. So thank you very much.

    Reply
      Quentin Pain

      Thanks Roxanne, Sarah, Katarzyna, Lisa and Monika. Your comments and others on here are truly appreciated.

      Reply
    Sarah

    Easily understood so far. I will be using my home based business accounts to put this into practice : )

    Reply
    Katarzyna

    Thank you for the course. I like it.Very simple explanatin of Assets, Liabilities and Equity.I can’t wait for week 2

    Reply
    Lisa

    Clear and simple so far !!

    Reply
    Monika

    Very clear, simple and precise explaination of Assets, Liabilities and Equity. Good start! Looking forward for week 2.

    Reply
    Smith

    Very good start. Made plain things that had often puzzled me. Looking forward to the next lesson. I have just replaced my desktop PC (Windows XP)with a laptop (Windows 7). I was told that QUICKEN does not work on Windows 7. So I have moved my family accounts from QUICKEN to HOME ACCOUNTZ. I am hoping that this course will support my attempts to keep my family accounts on HOME ACCOUNTZ.

    Reply
      Quentin Pain

      Yes it will certainly help. Home Accountz is aimed at personal finance rather than business, but the principle is the same.

      Reply
    nang noan

    Thank you for the course. I like it. Waiting for the week 2 course.

    Reply
    meshack

    dis all gud, r wuld advise ppl 2 join

    Reply
    rebecca

    i understand it and it seems quite simple so far so im approaching it much more relaxed now

    Reply
    KAREN

    ur right week #1 is very short it really makes u understand alot wow i did’t understand until i put things down on paper

    Reply
    Arreanna Cromartie

    I am ready for 2nd week. So you can send it asap. Thanks a lot for this information.

    Reply
    Isma

    This is really helpful and very understandable. I look forward to second week.

    Reply
    Rob

    Hi Quentin, I am grateful for the gentle start to the course! My bookkeeping needs are quite small so I hope this course will demystify the subject for me!

    A Merry Xmas and a hopefully more prosperous New Year!!

    Rob

    Reply
    Leiana

    Thanks Quentin. I have just finished my papers, and am waiting for my real estate salesperson’s license. The thought of the book keeping involved has been hanging over me like a black cloud, but after receiving Week 1 of your course, I’m feeling much better about it all. I’m looking forward to the rest of the course, and have every confidence that my business will be all the more successful because of it. BTW, Christmas Greetings from Aotearoa (New Zealand); it’s gonna be a hot one!

    Reply
      Quentin Pain

      Happy Christmas and Holidays to everyone 🙂 Glad you feel more confident Leiana, and greetings from the UK to Aotearoa. One of my ambitions is to visit the Turnbull museum in New Zealand, where there is a mass of stuff relating to Gideon Mantell and his son (Gideon was a Victorian palaeontologist who discovered the first herbivorous dinosaur, Iguandon). Maybe you can find me a house to rent there 😉

      Reply
    Victoria

    Hi, Thanks. Week 1 is just what I need to get me started, short and simple, easy to understand. I am hoping the 12 week courses will help me decide whether to bite the bullet and study for a qualification in book keeping. So far so good.

    Reply
    peter columb

    could be just what im looking for. roll on week 2

    Reply
      Quentin Pain

      Thanks for your comments Peter, Neville, and Bissy. Peter, I am sure you will be delighted as you get more into the course.

      Reply
    neville

    thank you very much am finding this very understandable, i did accounting up to high school and a bit study on it. am doing this course to now really get into it, so looking foward to be well equiped for the market. thax again looking fwd to 2 lesson. nevy

    Reply
    Bissy

    A very straight forward and simple explanation which is easily understood by a novice. Thank you.

    Reply
    mischa

    how do you stucture into accounts when you have never done it? thanks

    Reply
      Quentin Pain

      Hi Mischa, the course will show you this. Keep reading. It is very easy, really 🙂

      Reply
    Gift

    interesting. Remain blessed.

    Reply
    Hellen

    I am currently doing a bookkeeping coure at college which cost over £600. I’m trying to get my head round it but it’s all new to me and I feel like I’m struggling and worried I wont pass my exam in January. I have just done week one of your course, it’s very straight forward. Nicely broken down, I feel more confident to continue my college course.
    Thank you.

    Reply
    Julie

    Hi Quentin, just want to say thank you for making this course available to everyone for free. I have just started week 1 and look forward to progressing through the course in the coming weeks. Keep up the good work.

    Reply
    Jay

    Interesting and easy .

    Reply
    Tina Hardwick

    Just read Week 1 – I can see I am going to enjoy this – everything broken down into simple concepts with plain simple terms that make it very easy to understand but without ‘dumbing down’. Looking forward to the rest of the weeks

    Reply
      Quentin Pain

      Thanks all. I am delighted you are finding the course OK. It does get more intensive as we go along, but my main concern was that I would not leave anyone behind. Your comments are really appreciated.

      Reply
    Louise

    Thank you – Very easy to understand, looking forward to week 2 🙂

    Reply
    Fahiem

    Hi

    Thank you for the first week.
    Hope I am equipped and competent after the 12 weeks.

    Reply
    hope

    Very easy to follow. Thanks

    Reply
    Claudia

    This is certainly a nice and easy start. A good way of not scaring students.I am looking forward to the next weeks.
    Thanks

    Reply
    Amanda

    Hi

    Found it really interesting, looking forward to next week.

    Thanks

    Reply
    patrick

    Are the terms you use applicable for the USA ?

    Reply
      Quentin Pain

      Yes Patrick they are. The course covers most of the world. If a business owes money, the account is called ‘Accounts Payable’ in the US. In the UK it is called ‘Creditors’ or ‘Trade Creditors’, however, that is dying out and terms like Accounts Payable are becoming the norm everywhere. But remember: there are NO rules about naming accounts (only conventions), as you will soon understand as the course unfolds. Understanding things like this will put you above your peers 🙂

      Reply
    Peter

    Week One certainly simplifies the concept of accounting; looks like I’ll actually enjoy the course! Small criticism, not enough to get my teeth into. Can I have weeks 2 and 3 now? 🙂

    Reply
      Quentin Pain

      Hi Peter, don’t worry, each week adds more and more 🙂

      Reply
    joanne

    Very interesting can’t wait for week 2.

    Reply
    claire

    I am hopefully starting my business in april & i thought this was perfect opportunity to learn about book keeping in advance. Very well explained first part..looking forward to week 2 🙂

    Reply
      Quentin Pain

      That’s great news Claire and congratulations. Running your own business is life changing – and actually pretty easy. I will be adding some great marketing stuff to this site very shortly including a whole new section on building your site and how to get and build your customer/client list. If you are servicing a local market, I can show you exactly how to succeed and beat your competition. And with 6 months to go, that will be very easy to achieve. I hope you enjoy the rest of this course, and feel free to ask any questions you may have.

      Reply
    lizzie

    This is interesting. I am actually looking forward to starting as a book keeper. I really believe this will take me through and build my confidence in practise. Thanks. looking forward to the next lesson.

    Reply
    James

    I really enjoyed your 1st lesson.

    Reply
    Jaime

    Thank you! My husband and I have started a business and I am the official “bookkeeper” and know nothing about it;) this is Great so far! Nice and clear, the way I need it!

    Reply
    Theresa

    I love it! =)

    Reply
    Quentin Pain

    Thank you Marie, Crystal and Catherine. Week 2 will give you a lot more information and tasks to do.

    Reply
    Marie Holland

    I read the first week I am currently a bookkeeper and I am in business, however I thought it was very well wrote and you can cleanly understand what the meaning is for.
    I am taking this course to brush up on my skills and for the workin lesson one I thought it would actual be a lesson but I am looking forward on the second lesson.

    Thank you for making things better for accountants and bookkeepers…..

    Reply
    Catherine Pain

    just now come back to this as starting to structure my account groups – very interesting.

    Reply
    Crystal Guidry

    This is really intresting!! Cant wait for next week! Thanks for making it simple and easy!

    Reply
    Christine

    You should have been a teacher – it looks as if you might actually be able to make accounting seem interesting…… 😉
    I look forward to Week 2.

    Reply
    mary ann cruz

    thanks for sharing this lesson. it will be a big help for me. looking forward for week 2.

    Reply
    Quentin Pain

    Apologies. The tag was OK but the link pointed back here. Here’s the proper link:

    http://accountingforeveryone.com/accounting-for-everyone-week-2/

    Note: If you have just started week 1, you will need to wait for your week 2 password in order to view it.

    Reply
    Vicky

    Hi,

    It is reaaly good. It helps me to understand more clearly.

    But I did not get the week 2 course. It appeared the same as week one.

    Reply
    Lea

    I agree with Kate – very clearly explained and i too am looking forwards to more.

    Reply
    Marilyn Barrie

    You weren’t joking about week 1 being very short – However, the way you explain things makes it really easy to understand. Looking forward to the next lesson, a week is going to be too long to wait though!!!

    Reply