Introduction to Accounting Software Principles
Event Information
Description
This workshop will cover basic accounting principles as they pertain to day to day data management of an artist or creator's business. Various accounting software platforms will be referenced with Wave being the learning template to encompass the following practices and procedures:
- Assets/Liabilities/Equity - how do these components affect your company's financial profile?
- Creating a viable Chart of Accounts to accurately reflect specific line items necessary for various reports and grant completions (eg CADAC, OMF, FACTOR, etc)
- Invoice Templates / Cash Flow management
- Inventory Maintenance
- Cohesive Data Entry
- Bank Reconciliations
- Financial Statements/Reports - Balance Sheets, Income Statements/Statement of Operations
Participants will require a computer to be able to participate in some activities related to this workshop. A limited number of computers will be available on site please contact cecilia@northyorkarts.org to reserve a computer. We recommend that you bring a laptop if possible.