Basics of Bookkeeping
Class Title: Basics of Bookkeeping: Building a Strong Financial Foundation Class Description: Gain confidence in managing your business finances and develop essential bookkeeping skills with the "Basics of Bookkeeping" class, brought to you by TenBiz in collaboration with the WPCC Small Business Center. Whether you're a new entrepreneur, a small business owner, or someone looking to enhance their financial literacy, this comprehensive course will provide you with the fundamental knowledge and practical tools to effectively organize, track, and understand your business's financial transactions. In this hands-on class, you will: 1. **Introduction to Bookkeeping:** Get acquainted with the fundamental concepts of bookkeeping, financial terminology, and the role of accurate record-keeping in maintaining a healthy business. 2. **Setting Up Financial Systems:** Learn how to establish efficient and organized financial systems, including choosing the right accounting software, creating charts of accounts, and setting up a streamlined process for recording transactions. 3. **Recording Transactions:** Dive into the practicalities of recording various financial transactions, such as sales, expenses, purchases, and payments, ensuring accuracy and compliance. 4. **Bank Reconciliation:** Master the art of reconciling your business's bank statements with your financial records, ensuring that your financial statements are accurate and error-free. 5. **Financial Statements:** Understand the key financial statements – income statement, balance sheet, and cash flow statement – and learn how to interpret them to gain insights into your business's financial health. 6. **Budgeting and Forecasting:** Explore the basics of budgeting and forecasting, and how they play a crucial role in planning and decision-making for your business's growth. 7. **Tax Considerations:** Gain insights into basic tax principles and how accurate bookkeeping can facilitate tax preparation and compliance, potentially saving you time and money. 8. **Interactive Learning:** Engage in practical exercises, case studies, and hands-on activities that simulate real-world bookkeeping scenarios, helping you apply your knowledge in a supportive learning environment. 9. **Expert Guidance:** Benefit from the expertise of experienced instructors who are skilled in bookkeeping and financial management, and who will provide guidance and answer your questions throughout the course. 10. **Networking Opportunities:** Connect with fellow entrepreneurs and business owners, share experiences, and expand your professional network within a collaborative classroom setting. Whether you're just starting out or seeking to enhance your financial acumen, this class will empower you to take control of your business's financial operations and make informed decisions. Enroll in the "Basics of Bookkeeping" class and equip yourself with the foundational skills you need to build a solid financial foundation for your business's success.
Speaker(s): TenBiz
Co-Sponsor(s):
Fee: No Cost