Bookkeeping 101 for Small Business
Event Information
Event description
One of the leading causes of business failure is the lack of attention to finances. Set up and understand your financials from the getgo.
About this Event
Research shows that 65 percent of the entrepreneurs who cite a business issue (versus a personal issue) as a reason for failure blame financial mismanagement for their collapse. We want to help you avoid this.
You will learn:
- The bookkeeping process
- Common bookkeeping terms and definitions
- Basic bookkeeping rules and principles
- How to set up your Chart of Accounts
- How to record transactions
- How to prepare a Bank Reconciliation
- What reports to look at to monitor the financial wellbeing of your business
- Basic financial ratios to help you make decisions
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