What you will learn: 

• Accounting vs Bookkeeping

• The Accounting Cycle

• Business Entities

• Separate Entity Assumption and Internal Controls

• Double-Entry Bookkeeping Defined

• Chart of Accounts

• Accounting Equation

• Financial Statements

Accounting 101: What Every Bookkeeper Needs to Know Description 

Having solid bookkeeping chops means more than knowing what buttons to push in QuickBooks Online.

QBO does the double-entry accounting for you behind the scenes, but understanding what it’s doing with debits and credits every time you create a transaction is crucial to your long-term success.

Daily bookkeeping may no longer be writing individual ledger accounts in a manual bookkeeping system, but the results are still the same.

Kathy Grosskurth is a debit to the industry. In this 3-hour class, not only will she walk you through practical accounting exercises, but you’ll gain the fundamental knowledge you need from beginning to end, literally.

Topics include demonstrating the pros and cons of the three general business entity types, and understanding the importance of the chart of accounts in our accounting records so that you’re categorizing transactions into the right buckets.

We’ll also talk about the year-long accounting cycle and creating financial statements.

If you’re new to bookkeeping, self-taught, or dove right into QuickBooks without any accounting or business training, this class will fill in the gaps and build your foundation.

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No one tells accounting professionals they will actually have two jobs. One is the work you love doing - helping clients succeed via the valuable accounting, bookkeeping, tax and advisory work you do for them. The other is frustrating drudgery - searching for documents, chasing clients to send them, and opening multiple emails to find what you need. Liscio allows you to do more of the work you love, by taking away the drudgery.

Thousands of accountants use Liscio every day to make it drop-dead easy for clients to securely exchange sensitive documents with the firm and get more work done. A single source of truth helps staff collaborate quickly. Integrated efile and KBA capabilities plus unlimited storage and unlimited clients included means app spend can be reduced and streamlined.

Stop chasing clients for documents and give them an easy, secure, mobile file sharing app they’ll love to use. Your clients and your staff will thank you.

Client Experience 2.0™ begins with Liscio. Learn More Here.

Evergreen Access (Made to Stay Current)

Your purchase is designed to stay useful long after you finish the course! As the software changes, we refresh the content so you’re not learning from outdated screens. You’ll also have access to the class discussion/Q&A so you can ask questions when real-life situations pop up. And because it’s lifetime access, you can revisit the videos, handouts, and materials anytime you need a quick refresher.

Live Session + Replay Included

If you can’t attend at the scheduled time, go ahead and enroll—your live registration includes free access to the on-demand replay. We record every live class and post an edited version to the course page within two weeks of the class date. Once it’s available, you’ll receive a notification inside your OWLS portal.

While the replay is being published, you can download the notes/handouts and complete any quizzes or questionnaires so you’re ready to follow along when you watch.

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Refunds & Cancellations

Please view our Terms of Service, for information on refunds, cancellations, and complaint resolution. To request a refund, please contact us.

Course Credits: Certificate of Completion. Must be awarded within one year of enrollment
Course Page Updated: March 2026

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