Money: Accounting, Ledger & Reporting

Lessons

Lessons

1. 1.

   The General Ledger: Chart of Accounts and Journals

   Chart of accounts, manual journals, and reading the ledger.

   11 min
2. 2.

   Reading the Accounts: Trial Balance, P&L, Balance Sheet and Cash Flow

   The reports the ledger produces - trial balance, profit and loss, balance sheet, cash flow, budget against actual and profitability by project - what each one answers, and drilling from any figure into the entries behind it.

   4 min
3. 3.

   Bank Accounts and Reconciliation

   Connecting accounts, importing statements, matching and reconciling.

   11 min
4. 4.

   Assets: The Register, and What It Does Not Do

   Recording what the business owns, what the register tracks, and why depreciation here is a journal entry rather than a schedule.

   4 min
5. 5.

   Liabilities and Loans

   What the business owes - loans, credit cards, payables and accruals - with the principal against the running balance, the rate, the due date, and each one tied to its ledger account. There is no repayment schedule; this is a register.

   4 min
6. 6.

   Domains: Tracking Renewals and Costs

   Domain register, renewal dates and cost allocation.

   4 min
7. 7.

   Risk Analysis: Where the Business Is Exposed

   The risk register, scoring by impact and probability into an exposure figure, the severity bands, writing the mitigation against each risk, and the heatmap that shows where the weight sits.

   4 min
8. 8.

   Month-End Close in WorkBOS

   A practical close: locking the period on the ledger's Close and Audit tab, what to reconcile first, and the checks worth doing before you call a month done.

   4 min
9. 9.

   Exporting for Your Accountant

   What to export, formats, and period selection.

   3 min
10. 10.

    Billing: Your WorkBOS Plan, Seats and Invoices

    Plans, seats, add-ons, usage and your own WorkBOS invoices.

    3 min