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    • !! Start Here !!
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    • Via the 6 Box Model
    • ------ By Box -----
    • Box 1 >
      • Invoicing 101 - Petes Electric
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      • Bank Deposit Prep WB
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      • Check Journal Example
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      • Bookkeeping
      • Transaction Generator
      • Bank Statement Generator
      • Bilbo's Bank - Faux Bank Website
      • Manual Balance Sheets
    • Box 6 >
      • Tax Prep Summary Worksheet
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      • Sales Tax Remittance Tracking
    • ------------------------
    • Other >
      • Accounting Master File
      • DIY1 uBoundGScriptProject
  • FAQs
  • More...
    • Orientation >
      • ------ INFORMAL ------
      • Models & Data Flow for folks on the GO!
      • Problems, Solutions and Bigger Backstory
      • ------- FORMAL -------
      • Step 1 - Welcome
      • Step 2 - Custom For You... >
        • Accounting Alchemists
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        • Spreadsheet Gurus, Javascript Wizards, Database Devils, & Full Stack Devs too...
      • Step 3 - Reunited!
      • Step 4 - The Accounting System 6 Box Model
      • ----------------------
    • For CPAs >
      • Welcome & Orientation
      • Resources >
        • Bookkeeping Template Data Flow Details
        • Balance Sheet Re-imagined
        • Income Statement Re-imagined
        • Bookkeeping Re-Imagined
        • Demystification Documents
        • Empowerment For CPAs
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  • Home
  • Testimonials
    • Sales System Templates
    • Bookkeeping Template
  • The Challenge
  • Education
    • !! Start Here !!
    • ----------------------
    • Single Page Visuals (and more...)
    • Fun Seekers Corner >
      • FSC 101
    • Accounting Studio Magic >
      • ASM 101
      • ASM 103
    • ----------------------
    • Software in Greater Detail... >
      • Spreadsheets 101
      • Sales Systems 101
      • Bookkeeping 101
      • DIY Software Programming 101
    • Intro Videos
    • Books & Pamphlets
    • ------------------------
    • Empowerment
    • Reimagination
    • ----------------------
    • End User Benefits
    • FAQs
  • Software
    • !! Start Here !!
    • ----------------------
    • Via the 6 Box Model
    • ------ By Box -----
    • Box 1 >
      • Invoicing 101 - Petes Electric
      • Statements 101 - Martha's Counseling
      • Legal Billing (images only)
    • Box 2 >
      • Expense and Profit Analysis
      • Time and Attendance
      • Payroll System
    • Box 3 >
      • Bank Deposit Prep WB
      • Acc'ts Receivable - Digital Bar Tab
      • Acc'ts Receivable - Double Entry
    • Box 4 >
      • Check Journal Example
      • Check Journal w/ 3 up Printing
      • Acc'ts Payable - Simple Digital List
    • Box 5 >
      • Bookkeeping
      • Transaction Generator
      • Bank Statement Generator
      • Bilbo's Bank - Faux Bank Website
      • Manual Balance Sheets
    • Box 6 >
      • Tax Prep Summary Worksheet
      • Tax Return Journals
      • Taxable Income Tracking
      • Tax Simulation & Estimating (Fed, State, PremTaxCred)
      • Real Estate Transaction Journal
      • Sales Tax Remittance Tracking
    • ------------------------
    • Other >
      • Accounting Master File
      • DIY1 uBoundGScriptProject
  • FAQs
  • More...
    • Orientation >
      • ------ INFORMAL ------
      • Models & Data Flow for folks on the GO!
      • Problems, Solutions and Bigger Backstory
      • ------- FORMAL -------
      • Step 1 - Welcome
      • Step 2 - Custom For You... >
        • Accounting Alchemists
        • Categorizing Crackerjacks
        • Simmering Sages
        • Sorcerous Students
        • Magical Millennials
        • Enchanting Educators
        • Spreadsheet Gurus, Javascript Wizards, Database Devils, & Full Stack Devs too...
      • Step 3 - Reunited!
      • Step 4 - The Accounting System 6 Box Model
      • ----------------------
    • For CPAs >
      • Welcome & Orientation
      • Resources >
        • Bookkeeping Template Data Flow Details
        • Balance Sheet Re-imagined
        • Income Statement Re-imagined
        • Bookkeeping Re-Imagined
        • Demystification Documents
        • Empowerment For CPAs
      • Notifications >
        • 11/6/2021 - Sea Change Notice
        • 1/17/2022 - The Opportunity
        • 5/14/2022 - Seeking CPE Partners
    • Contribute
    • Admin > Login/Logout
    • Archive >
      • Home_out20210331
      • Commerce Snippets
    • About
    • Contact

Education > Bookkeeping 101

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Welcome to your free and private bookkeeping, Bookkeeping and Accounting 101 course designed with fast learners in mind. ​This Class, offered via a series of subdomains below, is in fact a Cliff Notes Course for modern times. 
Snippets of material from our books have been combined with visuals for rapid learning. 
The full source material is found on the rest of our Education Menu. 
You should NOT proceed further if you have not completed "Orientation" and "Education > Sales Systems 101". 
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In a Digital Age, "bookkeeping", "Bookkeeping" and "Accounting" with Positive and Negative Values
is the way to get going. ​Debits and Credits for long addition are no longer needed,
​and their old role can be learned along the way experientially.  If you don't know what Debits and Credits are, don't worry about that for now. Just keep going. You'll pick them up with time. 


The word "bookkeeping" with a lower case "b" is a generic word that relates to any and all record keeping tasks when managing a business or when managing a household. Those would include "managerial and cost accounting" related tasks (like those in the Sales Systems you learned about)  as well as "tax and financial accounting" related tasks. It's a generic reference to anything and everything related to keeping numbers related to your life or business in order.

The word "Bookkeeping" with a capital "B" is used when referring to a specific subset of the "tax and financial accounting process" where bank transactions are recorded in arrears and categorized in order to generate an Income Statement and a Balance Sheet.  This is the "right side" of the "Business Process for Monthly Statements" flowchart you are familiar with now.

This lower case "b" thing and the upper case "B" thing is like the informal and formal YOU found in some foreign languages. It also may be similar to "tissue" vs "Kleenex" for those familiar with that example. 

Obviously, when someone is talking, sometimes it's impossible to tell if they are referring to the capital "B" or lower case "b",
so if you are ever unsure, be sure to ask so you can follow the conversation with clarity.  

Managerial/Cost Accounting vs Tax/Financial Accounting

You've already got the hang of the differences between Managerial/Cost Accounting and Tax/Financial accounting from the orientation and sales education.  This subdomain is still worth a skim however, as it has a  few nice visuals you have not seen yet.  

  1. https://tax-vs-managerial.zap-accounting-software.com/ - Everyone's Managerial / Cost Accounting needs will vary slightly or dramatically, but all of us have similar Tax/Financial Accounting needs no matter the size of the company, household or personal budget. That makes Bookkeeping for Tax Accounting (also referred to as Bookkeeping for Financial Accounting and Bookkeeping with a Capital "B") by far the best place to start for everyone's Accounting Education. In this subdomain you will realize the first Universal Reporting Goal for Tax/Financial Bookkeeping ( "B"ookkeeping) is an Income Statement and a Balance Sheet, with the latter better thought of as a "Comparative Net Worth Statement" once you get the hang of a little bit of new lingo.

  Bookkeeping for Tax/Financial Accounting (the big "B" part)

​
  1.  https://bk-data-flow.zap-accounting-software.com/ -  For those who went through orientation,  this will be the second or third time you've been presented with this subdomain.  The data flow model for "Bookkeeping"  is relatively simple once it's explained in chronological order. This subdomain is just for big picture understanding.  The next two Subdomains dig into the reports more and they dig into this process with more granularity. Take this in as the overview and big picture it was meant to be and then proceed below for more details. If you don't understand the Vocabulary yet, just ignore the words you don't understand while paying attention to the data flow. The vocabulary will come with time. 

  2. https://three-reports.zap-accounting-software.com - From the Tax vs Managerial Accounting Subdomain you learned that it's important for everyone to start with a focus on Bookkeeping for Tax/Financial Accounting. You also learned that Bookkeeping for Tax/Financial Accounting results in TWO primary reports: The Income Statement and The Balance sheet. 

    In this subdomain you'll learn about the confusion in the Education System and your learn to think about these two key reports as in fact being three reports.  1) The Net Income Statement 2) a Net Worth Statement and 3) the Comparative Net Worth Statement.  These three reports answer three key questions. 1) How much did you make for a given period of time 2) What was your (company's) Net Worth on a given date and time and 3) Do your books accurately account for changes in your (company's) net worth from the beginning of the reporting period to the end of the reporting period without obvious errors or omissions. 

  3. https://five-step-bookkeeping.zap-accounting-software.com/ - Now that you know we all need to focus on Tax/Financial Bookkeeping first no matter who we are and now that you have an overview of the data flow,  it's time to focus on operationally details. The Bookkeeping Process in our Bookkeeping Spreadsheet Template was designed to mirror the EXACT PROCESS an IRS Auditor, a CPA, or a Forensic Accountant would use to Audit your finances "after-the-fact".  This subdomain provides a single page reference for the five simple steps you need to use to do your Bookkeeping for Tax Accounting in ZAP's Bookkeeping Module. It also compares our 5 step system to a trademarked 5 Step System for Quickbooks to show an interesting difference in approaches. One is liberating. The other is very confining. Some of the differences are due to commercial grifting while others are due to the dramatically different underlying technologies that exist between a Spreadsheet and a Database.   

  4. https://spreadsheets-vs-databases.zap-accounting-software.com - This subdomain provides a side by side comparison of Spreadsheet Technology vs Database Technology. Databases are wonderful tools for text storage and management. The best. The Database software systems that are currently promoted for commercial use today (Oracle, SQL Server, MySQL, MS Access, etc) were not designed for proper handling of numbers and math. They were designed for very "efficient' handling of numbers without decimal places, but not proper handling of numbers, especially numbers with decimal places. When you gain an understanding of what Database Developers have to do to handle penny tracking for financial applications and compare that to spreadsheets, most will be shocked. Spreadsheets have always been the correct tool for money management and tracking. Not databases. You never learned that because it is NOT profitable and it would have been far too empowering for the masses from the perspective of those who thrived on commercial control.

  5. https://zap-vs-quickbooks.zap-accounting-software.com - You now have the background to realize a spreadsheet based system focused solely on Tax/Financial Bookkeeping needs that is NOT tied to any other systems such as Quoting, Inventory, Invoicing, Payroll systems is in fact the BEST solution for all of our Tax/Financial Accounting needs.  Furthermore, a spreadsheet system for Tax/Financial Bookkeeping should also NOT be tied to lists like Customers and Vendors  You also now have the background to realize the unhealthy push towards the current database offerings for digital math needs as opposed to Early Childhood Education with a Spreadsheet component could only have been intentional.  The information at this Subdomain helps show "just how far off the most well known solution" (QuickBooks) is from the "best solution by far". ( the content for this can be currently found at the  ​https://empowerment-4-cpas.zap-accounting-software.com ) 

  6. https://bookkeeping-reimagined.zap-accounting-software.com - Our Reimagination Series of Subdomains helps those who had prior background with Quickbooks or other software solutions get a technical grasp on the systemic differences that ZAP Accounting Education, Spreadsheets and a few key vocabulary changes bring to Bookkeeping. From this subdomain it's easy to drill down into more of them for ever greater resolution on a truly paradigm shifting way to learn and be. 
    1. https://balance-sheet-reimagined.zap-accounting-software.com
    2. https://income-statement-reimagined.zap-accounting-software.com
      ​
  7. https://bookkeeping-abcs.zap-accounting-software.com - This is a comprehensive website which uses the 5 Step bookkeeping process to spring into all the operational details you need to understand how to do your Bookkeeping in ZAP's Bookkeeping module. This is also great general education should you desire to continue with the use of other software now or later. 
If you made it through the educational information above, Congratulations.
You are more educated on this topic than 90% of the people who spent
​a lot of money learning it the wrong way with a lot more time lost. 
What's a HELOC in 1st?  Link coming soon...
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