Last June, I launched my first-ever e-book entitled A Small Business Guide to Digital Transformation. I took it as a success even though I deferred its promotion because the lockdown has eased out and our projects are gradually coming back.
Now that I have re-stabilized our sales and delivery in the company, my creative urge has been calling me, and I thought of creating my first digital course. My motivation in this project is to share 2 decades of experience in setting up an accounting process for businesses including steps on how to digitize it. For years, I empathize with the pains of entrepreneurs and answer their questions about the business process automation. With the digital course, I am eyeing to expand my reach and hoping small businesses will find it valuable so they will have real-time financial information for better decision making.
In the past days, I have been listening to online experts on how to build and sell digital courses effectively. There’s Amy Porterfield, Pat Flynn, and more.
So in this post, I’d like to share my first draft of my digital course.
Working Title – Accounting 101 – A Starter Course for Small Businesses
Working Description – This course is about a practical approach in setting up the accounting process, accounting team, preparing accounting transactions, proper bookkeeping, and how to implement an accounting software to come up with real-time financial reports. By having instant financial information, you’ll be able to analyze your business performance in a snap, improve your cash flow, and eliminate profit leaks on time.
Working Outline
Accounting Essentials
- Intro
- Definition of Terms
- Government Compliance Basics
- Best Practices
- Summary and Resources
Accounting Process Setup
- General Accounting Process
- Practices per Industry
- Chart of Accounts Introduction
- Subsidiary Ledgers – A/P, A/R, Cash, Inventory, Fixed Assets, etc.
- Accounting Forms
- Accounting Roles
- Accounting Workflow
- Basic Accounting Reports
- Summary and Resources
Transactions and Bookkeeping
- Introduction to Journal Entries
- Purchase Orders
- Receiving Reports
- A/P Vouchers
- A/P Debit Memos
- Check Vouchers and Check Issuances
- Material Issuances
- Production Reports
- Sales Orders
- Delivery Receipts
- Sales Invoices / Billing Invoices
- A/R Credit Memos
- Collection Receipts / Official Receipts
- Journal Vouchers
- Summary and Resources
Performing Reconciliations and Internal Accounting Audit
- Internal Controls Intro
- Internal Auditor Responsibilities
- Accounts Reconciliation
- Internal Audit Execution and Reports
Financial Reports & Analysis
- Book of Accounts & Tax Compliance
- Interpreting Balance Sheet and Income Statement
- Drilling down to subsidiary ledgers
Accounting Software Implementation
- Intro & Benefits
- Accounting Automation Checklist
- Setting Up Implementation Team
- General Setup and Configuration
- Forms & Reports Setup
- Beginning Balances
- Go-Live
- Choosing An Accounting Software and/or Accounting Software Vendor
- How to Apply to BIR Computerized Accounting Software (CAS)
- Summary and Resources
So here you go, I’ll try my best to complete this digital course in the next two months. Please watch out for my early-bird sign-up freebies and discounts.
mdcabotage@neu,edu,ph