Simple Bookkeeping & Cash Flow for the Small Business Owner
How & Why to Track Income, Expense & Cash Flow
Description
This course is best for the brand new small business owner, not someone who has purchased a franchise or brick & mortar store. This is probably best for someone who works or sells online, like Amazon or Ebay, or for some other type of one-person business--either home-based or a gig worker.
Learn simple bookkeeping terms & techniques for a new small business owner. Income, expense and cash flow will be covered only and other accounting terms and definitions will not be covered here.
We'll use simple Excel spreadsheets to track profit, loss & cash flow along with learning why you need to do this and how often.
Explanations of what income & expenses are, along with why they need to be tracked will help the new small business owner make better decisions for their new company.
References to the IRS website for more detail are provided.
Examples of types of home business expenses are given.
Live demonstrations using the Profit & Loss Statement along with a Cash Flow record will be taught at the end so the student can get a better idea of how to use these spreadsheets with ease.
Tracking cash flow will help the small business owner forecast upcoming needs or to see where to make changes to be more profitable.
Videos along with graphics and spreadsheets will help the student hear & see what is being taught.
What You Will Learn!
- Learn basic & simple bookkeeping & accounting terms for the beginner
- Learn how to track income, expenses & why
- Learn why cash flow is important
- See live demos of profit & loss statement and cash flow
Who Should Attend!
- This is for a new business owner starting an in-home or online business and wants to learn very simple & basic concepts.