Accounting for small business #1


Details
This the first in a series of small business accounting training. It is a free service for my fellow small business owners. The goal is to educate business owners how to get things organized and handle basic bookkeeping tasks. When it is time doing your taxes it will be much easier and probably will save on accountant fee also.
The classes will use Quickbooks Online as a tool although the general concept will be applicable if you are other accounting software.
Basic agenda for the first session is:
- Business entity type: Sole Proprietor/LLC/Partnership/S-Corp/C-Corp
- Basic accounting structure
- Why you need a bank account for your business, and keep it separate
- Cash base vs Accrual base accounting
- Walking through a simple sales transaction
Hope to see you soon!
COVID-19 safety measures

Accounting for small business #1