Bookkeeping Basics for Small Businesses

Categories: Business and Finance
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About Course

Keep accurate, HMRC-ready records for your business: learn double-entry bookkeeping, invoices, bank reconciliation and VAT basics, step by step.

Who it’s for

Sole traders, new business owners, admin staff and career-changers who want to keep their own books or start a career in bookkeeping.

What you’ll be able to do

  • Explain your legal record-keeping duties to HMRC and Companies House
  • Use key terms: assets, liabilities, income, expenses and equity
  • Record transactions using double-entry bookkeeping
  • Handle sales and purchase invoices, receipts and petty cash
  • Reconcile the bank account step by step
  • Understand VAT registration, rates and returns
  • Run a simple monthly bookkeeping routine and trial balance

What’s included

  • 7 in-depth modules, each with a structured lesson
  • 7 module quizzes to check your understanding
  • Worked examples and a practical exercise in every module
  • About 30 hours of study, at your own pace
  • Lifetime access, on any device
  • Certificate of completion

How you study

Each module combines a structured lesson with a worked example, a practical exercise and key takeaways, followed by a short quiz. You need 70% to pass each quiz and can retake it as often as you like. Complete every module to finish the course.

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What Will You Learn?

  • Explain your legal record-keeping duties to HMRC and Companies House
  • Use key terms: assets, liabilities, income, expenses and equity
  • Record transactions using double-entry bookkeeping
  • Handle sales and purchase invoices, receipts and petty cash
  • Reconcile the bank account step by step
  • Understand VAT registration, rates and returns
  • Run a simple monthly bookkeeping routine and trial balance

Course Content

Why bookkeeping matters
Legal duties, records to keep and avoiding penalties

  • Why bookkeeping matters
  • Module check: Why bookkeeping matters

Key terms and the accounting equation
Assets, liabilities, income, expenses and equity

Double-entry bookkeeping made simple
Debits, credits and the rules that keep books balanced

Invoices, receipts and petty cash
Recording sales and purchases correctly

Bank reconciliation step by step
Matching your records to the bank statement

VAT basics
Registration, rates, records and returns

Your monthly routine and the trial balance
Putting it all together and checking your books