10 Free Bookkeeping Courses to Understand Business Accounts

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10 Free Bookkeeping Courses

Free bookkeeping courses are an excellent way for start-up business owners to learn how to look after their business accounts without dipping into their cash to get educated and become financially literate.

I have found 10 of the best free bookkeeping courses and resources online to help you understand everything involved with tracking income and expenses, reading financial reports and managing business money.

Courses are great if you like a systematic approach to learning new skills rather than searching random bits of information off the internet.

A business owner who is armed with bookkeeping knowledge can start asking their accountant the right questions, get good control of their cash flow and grow their businesses.

Free Bookkeeping Courses

A study released in July 2018 by JP Morgan Chase titled Growth, Vitality, and Cash Flows highlights that about half of small businesses in the USA fail after 4 years because of lack of cash – not because the business is bad but because cash flow can be erratic and the business owner is ill-prepared to manage the ups and downs.

Become prepared by starting with these free bookkeeping courses.

Free Bookkeeping Courses List

1. AccountingCoach.Com

Accounting Coach is run by Harold Averkamp (CPA, MBA) – delving in basic bookkeeping all the way up to managerial accounting. This is more than just a course site – there is tons of information so if you have specific questions you can enter your keywords into the search bar and get free topic results based on those.

Harold’s free bookkeeping course online is called Bookkeeping Training which contains 20 modules. Some parts of these modules (mainly videos, flashcards, visual tutorials, cheat sheets, printables and progress tracking) can only be accessed with a PRO account meaning you must register to become a member and pay a one time fee of US$49 or US$99 depending what you want to access. 

However, there is plenty of meaty information inside the free parts that will teach you what you need to know about bookkeeping.

If you want a certificate for completing this course you must get the PRO+ membership.

Harold has worked as an accounting instructor in university, as an accountant and as a consultant.

Accounting Coach Free Bookkeeping Courses

Accounting Coach Registration Costs

Accounting Coach Course Topics with PRO notice

2. DWMBeancounter.Com

Dave Marshall of Bean Counter offers free accounting and
bookkeeping courses, tutorials, quizzes and games.  

His main free bookkeeping course is So You Want To Learn Bookkeeping! There is no paid membership area – you get full free access
to all materials on his course website. To study offline you can buy his eBooks and CD versions.

Dave’s approach is relaxed and fun (and he also explains
what a bean counter is!). 

His skills tests are only for personal evaluation, so no
certificate is given. However, he does provide a list of sites that can provide
you with certification training if that is what you require. He also provides a bookkeeping job search guide.

Dave’s experience includes being a small business
consultant, a bookkeeper, an internal auditor, a controller, a US Army payroll
clerk and a college teacher.

3. FreeBookkeeping Accounting.com

On this site you will find free written and video training courses for bookkeeping and accountancy by Sam Morton.

His free bookkeeping course is made up of You Tube videos on The Bookkeeping Master channel. There are hundreds of training videos on other topics like Payroll Basics, Management Accounts, Excel Basics, Bank Reconciliations, Credit Control, Profitability, Business Planning, Double Entry Bookkeeping,  VAT (sales tax) and courses on software like Sage Accounts, Xero, KashFlow, QuickBooks, and Excel 

Sam also provides training and support (at a cost) for: 

  • anyone wanting to start their own bookkeeping or accounting business in the UK,  
  • or any bookkeeper or accountant (accountant in training) or new small biz owner who wants a mentor

Sam has been a credit controller and an accountant for several years working with a variety of different businesses.

4. Learn.Org

Learn.Org provides a list of where to find free bookkeeping courses online through groups like:

  • National Association of Certified Public Bookkeepers (NACPB) – enter the website and access free training courses 
  • National Bookkeepers Association (NBA) – register for the free Understanding Bookkeeping course 
  • US Small Business Administration – offer free online introductory accounting courses through their Online Learning Center covering basic bookkeeping procedures especially in relation to running a business.
  • MIT Opencourseware – go to their course finder and select Business for the Topic and Accounting for the Sub-Topic – a list of undergraduate and graduate level courses are shown. Some of these courses are based on lectures from 2003 to 2007 which is why I guess they are free but the basics of accounting would not have changed a lot from then until now, other than the advancement of technology.

5. FutureLearn.Com

Future Learn provide a course called Bookkeeping for Personal and Business Accounting

Study Topics include : Financial accounting and reporting, essential numerical skills, double-entry and the balance sheet, and accounting

Certificate: Upgrade to the paid version for tests and a certificate of achievement.

Duration : 4 weeks, 3hrs per week

6. OpenLearn University.Com

Open Learn University’s free bookkeeping course is titled Introduction to bookkeeping and accounting. This is 8 hours of study at an introductory level. It is in written format and is downloadable.

You will get a free statement of participation on completion of the course.

The course modules are : 

  • Essential numerical skills
  • Double entry and the balance sheet
  • Double entry and the profit and loss account

This can be used as a gateway to help you decide if you want to take your learning further with University study.

7. edX.Org

edX has 2 free ACCA bookkeeping courses which you can access for free by registering your name and email address: 

Introduction to Bookkeeping – provides you accounting knowledge to be successful. Learn about:

  • Business transactions, banking and double entry bookkeeping
  • Payroll and ledger accounts
  • Reconciliation and preparing a trial balance 

Intermediate Bookkeeping – will prepare you for an accounting admin or bookkeeping position. This study includes:

  • accounting principles and concepts 
  • business transactions and events 
  • financial statements
  • reconciling control accounts and 
  • cashbook

You can get a certificate for either course by registering with ACCA who provide these edX courses, and passing a computer-based exam and an interactive module.

8. INC.Com

Larry Kim on INC.com offers 11 resources to get you started with learning QuickBooks for free if you have purchased the QuickBooks software but don’t know quite how to use it.

Another thing to look out for is if you have invested in any specific bookkeeping software you should be able to access their training videos or webinars for free. These not only show you how to use their software but you will also get an inside understanding of the bookkeeping process.

Below are screenshots of Xero’s training videos and FreshBooks invoicing software course videos.

INC.COM Larry Kim’s list of QuickBooks courses

Xero Video Training Courses

FreshBooks Webinar Courses

9. Alison.Com

Alison provides 100’s of free courses. Select from a variety of self-paced finance courses on topics including Professional Bookkeeping and Accounting in which you can learn:

  • Sales and Purchases
  • Bank and Petty Cash
  • Double Entry Accounting
  • The Trial Balance

There are also other courses in QuickBooks, Understanding Receivables and Payables and much more.

These are 2-3 hour certificate courses.

Alison is made up of an international team of talented specialists dedicated to Alisons’s free learning mission.

10. OxfordHomeStudyCentre.Com

HSC Home Study Centre offer a free bookkeeping course made up of 21 topics from basic terminology to a trial balance and including:

  • balance sheet
  • income statement
  • revenue and expenses
  • accounts receivable and payable, and more

This is a 20 hour, online course with no entry requirements.

On completion you will get a course completion letter.

Build your skills, knowledge and confidence towards becoming a qualified and  capable bookkeeper

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