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Bookkeeping and Accounting 101 for Paralegals

National Business Institute
Training overview
Professional Course
5.5 hours
From 299 USD
Start dates
299 USD
Contact the provider for start dates

Course description

Bookkeeping and Accounting 101 for Paralegals

This guide provides an introduction to fundamental accounting and bookkeeping concepts and progresses into intermediate topics including law firm bookkeeping, accounting practices and financial analysis. Learn what you need to know to keep the books and assess the financial well-being of law firms and other businesses. Don't miss this engaging opportunity to learn a valuable and important skill - order today!

Training content

Accounting vs. Bookkeeping - What's the Difference? What's the Point?

Step-by-Step Guide to Legal Bookkeeping

  • Accounting and Bookkeeping Systems, Explained
  • Different Types of Trust Accounts
  • Chart of Accounts
  • Maintaining General and Trust Accounts
  • Invoicing and Billing Clients
  • Collecting and Recording Payments
  • Maintaining and Balancing the Books
  • Ethical Essentials
  • Leveraging Technology

Accounting 101

  • Core Accounting Concepts
  • Analyzing Financial Statements
    • Balance Sheet
    • Income Statement
    • Statement of Cash Flows
    • Relationship Between Statements
  • Understanding GAAP
  • Accrual vs. Cash Basis Accounting

Intro to Financial Analysis

  • Liquidity Analysis
  • Profitability Analysis
  • Activity Analysis
  • Capital Structure
  • Capital Market

Considerations for Different Entities

  • Accounting and Tax Return Analysis
  • Sole Proprietorships
  • C-Corporations
  • S-Corporations
  • Partnerships
  • Limited Liability Companies

Intro to IRS Audits

  • Overview of the IRS Examination Process
  • Different Types of Audits
    • Audits of Individual Returns
    • Audits of Business Returns
    • Audits of Other Returns
  • Preparing for an Audit: An Organized Approach

Why choose NBI?

More than 1.3 million professionals have trusted NBI with their training

With 35+ years of expertise, we understand the needs of professionals seeking continuing education

Our diverse catalog of 4,000+ courses covers topics in all legal disciplines

About NBI

National Business Institute

At NBI, we believe that enhancing professional knowledge through continuing education empowers our customers to better serve their community. With over 35 years of experience, we understand the needs of legal professionals seeking continuing education and we are dedicated to...

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Contact info

National Business Institute

1218 McCann Dr
54720 Altoona WI

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