Accounting 101 for Small Business Owners & Managers
Time & Location
About the event
This is a standalone workshop, however, we encourage all attendees of the September 9th QuickBooks workshop to attend this session first, as it will help your understanding of how QuickBooks works. Therefore, up to 15 paid registrants of this Accounting 101 workshop can ask for a $20 discount off the 9/9 QuickBooks workshop price if they attend both events. You can register for the QuickBooks workshop at https://nwtsbdc.ecenterdirect.com/events/15529.
We will discuss basic accounting principles that every small business owner should know.
- Entity Concept
- What is double entry accounting?
o Debits and Credits in QuickBooks and other similar software
- Cash vs Accrual, why should you care?
- Understanding financial statements
o What is a balance sheet and how do you read it?
o What kind of important elements can you find on a balance sheet?
o Spotting bookkeeping errors on a balance sheet
- What is an Income Statement (Profit & Loss Statement)?
o Various kinds of profit and loss statement details
o What items should NOT appear on profit and loss statements?
o Typical mistakes seen on profit and loss statements and how to avoid them
o Net profit vs Cash
- What is a cash flow statement and how can it help your business?
THIS WORKSHOP IS PROVIDED AT A $20 CHARGE TO LOCAL SMALL BUSINESS OWNERS. No refunds after the registration deadline. REGISTRATION DEADLINE: September 7 at 10 AM.
IMPORTANT: a minimum of 5 registrants is required to hold this workshop. If we do not have enough registrants by the registration deadline to hold this workshop, we will contact you the morning of the workshop to inform you and offer you to sign up for the next available workshop.
After you register for this webinar with the SBDC, please contact Becky Castilleja 806-745-3973 to arrange for payment .
We will send you a confirmation email with Workshop instructions.