Do you know what information is needed to keep good financial records for your business? This workshop will give you the knowledge to follow the money every time you make a business transaction and see what financial report will be affected. This information will help you better manage your business and use the same information to report your business taxes.
Objectives – Attendee will learn about:
1. Difference between Accounting & Bookkeeping
2. Steps to establish a strong financial record keeping
3. Avoid commingling funds
4. Chart of Accounts
5. Accounting Methods (Cash & Accrual)
6. Understanding Financial Statements