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Online Bookkeeping Course Overview

ICS Canada's Bookkeeping program can help you learn bookkeeping online in as little as six months. You'll receive online bookkeeper training in a number of areas, from assets and liabilities to revenue and expenses. You'll even have the opportunity to complete a final bookkeeping project involving a sole proprietorship.

With ICS Canada's online bookkeeping courses, you can study at a pace that's right for you. Our faculty members have real-world experience as professional bookkeepers and are dedicated to helping you succeed in an industry that is expected to grow at a higher-than-average rate over the next few years.¹ And, ICS Canada's Bookkeeping Career Diploma is a Canadian Bookkeeping course that is recognized by the Canadian Bookkeepers Association.

Curriculum Details

Program Goal and Outcomes

Program Goal

The program goal for the Bookkeeping Career Diploma program is to prepare graduates for an entry-level career as a Bookkeeper via several distance learning courses.

Program Outcomes

Upon completion of the program, students will be able to:

  • Compile/produce Financial Statements, with attention to detail, from Accounting records for organizations.
  • Understand employment opportunities in many industries, including firms that provide accounting, bookkeeping, and payroll services; federal, state, and local governments; and schools.
  • Demonstrate basic math and computer skills, including knowledge of spreadsheets.
  • Demonstrate the knowledge necessary to become certified in areas of bookkeeping by being able to carry out all bookkeeping tasks, including overseeing payroll and balancing accounts, according to accepted accounting procedures.
  • Apply proper procedures for controlling an organization’s financial documentation and guard against misappropriation of organization’s funds.
  • Operate computers programmed with accounting software to record, store, and analyze information.
  • Apply proper procedures for receiving, and recording cash, checks, and vouchers in compliance with federal, state, and company policies, procedures, and regulations.

Instruction Set 1

Learning Strategies

The advantages of learning at home; types of study materials; types of examinations; accessing and using the features of our website; determining what kind of learner you are; establishing a study schedule; using study tips; preparing for and taking examinations.

The Accounting Equation

Assets, liabilities, owner’s equity, and the accounting equation; preparing a balance sheet.

The Books of Accounting

The basics of the general journal; the basics of the ledger, including the T account, the chart of accounts, and opening a ledger account.

Additional Material


  • Glossary of Accounting Terms
  • Workbook One

Instruction Set 2

Assets, Liabilities, and Owner's Equity

Account balances for asset accounts, liability accounts, and owner’s equity accounts; footing and balancing the ledger; analyzing a transaction; posting to the general ledger.

Revenue, Expenses, and Trial Balance

Another look at owner's equity; permanent and temporary accounts; normal balances.

Financial Reports

Worksheets; how to prepare an income statement and a balance sheet; closing steps for expense and revenue summary accounts; balancing and ruling the books at the end of the year; temporary ledger accounts; permanent ledger accounts; the general ledger; the accounting cycle.

Additional Material


  • Workbook Two
  • Workbook Three

Instruction Set 3

Canadian Payroll Procedures

How to account for cash and where to keep money; the proprietorship; computing employee earnings; keeping records for the government; employer-paid taxes and paying payroll taxes.

Accounting Systems

Accrual accounting; the importance of inventory accounting; posting to the general ledger and other business records.

Wholesale Accounting

Accounting procedures for wholesale sales, discounts, sales returns, and allowances; maintaining the accounts receivable ledger; recording cash, credit, and C.O.D. purchases; maintaining accounts payable ledger; promissory notes and interest-bearing notes.

Additional Material


  • Workbook Four
  • Workbook Five

Note: N.B. There is no workbook for the study unit on cash accounting.

Learning Aid: How to Read a Balance Sheet

Instruction Set 4

Assets and End-of-the-Month Activities

Accounting procedures for long-term tangible and intangible assets; amortization and depreciation; the end-of-the-month accounting procedures.

Introduction to Windows®

The role of Windows® as the computer's operating system; Windows® commands and functions; customizing your computer to suit your needs; Windows® Accessories; help screens and system tools.

Additional Material


  • Workbook Six
  • Workbook Seven

Instruction Set 5

Microsoft® Excel

Creating and modifying a worksheet in Excel®; working with charts in Excel.®

Graded Project

Microsoft® Excel

Instruction Set 6

Bookkeeping Project

Maintain the accounting records and prepare financial statements for this sole proprietorship. Includes ledgers, business papers and checks, journals, and the narrative of transactions. Project must be completed manually.

Additional Material

Supplement: Project Package

Computer Specifications
As you know this is an online academic program. This means you will need high-speed internet access to begin your program. In addition, you will need access to a Microsoft® Windows® based computer running Windows 7® or later, Microsoft® Office 365, and an email account to participate in and complete your program.

We reserve the right to change program content and materials when it becomes necessary.
Microsoft is a trademark of Microsoft Corporation registered in the United States of America and/or other jurisdictions.

Sample Lesson

To view a Bookkeeper course sample, click here.

Bookkeeping Course Details

The ICS Canada Bookkeeper online training classes will cover topics relevant to the field, including:

  • Basics of the general journal and ledger
  • Assets, liabilities, and owner’s equity
  • Revenue, expenses, and trial balance

To start studying bookkeeping online, contact an admissions specialist today or enrol now.

Online bookkeeping classes

Bookkeepers can work for accounting firms, schools, hospitals, banks, and government agencies. Bookkeepers can also have jobs as payroll or budget clerks, billing clerks, accounts receivable or accounts payable clerks, or for a sole proprietorship. Additionally, small business bookkeeping courses can help you enhance your own business! Here are a few qualities that expert bookkeepers have in common:

  • Detail oriented: It’s important to have a sharp eye and check things twice.
  • Analytical: You enjoy crunching numbers and critically thinking to solve a problem.
  • Independent: You make decisions and finish work on your own.

"I chose to further my education and accounting knowledge with ICS Canada while working as an accounting clerk, which allowed me to move up within the company at which I am currently working. Studying with ICS Canada was a great experience, and the instructors were very helpful when it came to resolving any issues I had while studying."

- Sean S., ICS Canada graduate

"I have taken three diploma courses with ICS Canada. It has been very rewarding and challenging. I love to increase my knowledge level and share experiences. ICS Canada is great. Enrol! The contact with them is always very pleasant. You feel like a part of the ICS team."

- Connie K., ICS Canada graduate

Your program includes:

  • Customized payment plans with 0% interest
  • Books and learning aids
  • Instructional support from our experienced faculty
  • Your personalized online student homepage and learning portal
  • Exclusive access to ICS Canada’s Student and Alumni Facebook Group
  • Additional resources such as our online library and career guidance from Career Cruising

How can the Bookkeeping Career Diploma program help me prepare to take the next step with my career?

The Bookkeeping Career Diploma Program can teach students how to maintain business financial records. These skills are relevant for jobs working at accounting firms, hospitals, banks, and government agencies in payroll, budget, accounts receivable, or accounts payable departments. Small business owners and managers can also benefit from this program.

Does the Bookkeeping program teach double-entry bookkeeping?

Yes, the program teaches double-entry bookkeeping. Manual techniques are stressed; computer techniques are optional for the final project.

More FAQs >

¹ According to the Job Bank (2014-2016), occupational demand is better than average in Ontario, Quebec and British Columbia.