SCORE: Basics of Bookkeeping
Managing your business’ finances is a primary element in running your business. In this FREE seminar, you will learn about: Providing a basis for understanding accounting concepts and reporting. What is a balance sheet, profit & loss statement, and statement of changes in cash flow. Provide insight into what you need to set up your accounting system and how to operate it. The differences in company income and payroll taxes (at a high level) and owner compensation in for profit tax entities such as proprietorships, S & C corporations, partnerships Registering your company with the various state & federal agencies. Recording your company’s financial transactions: accrual vs cash accounting. Employee payroll vs. contract labor. Financial reporting for a company to assist management in decision-making (not just to prepare tax returns).
Fee: No Cost