Small Business Bookkeeping and Payroll Management on a Budget
Objective: Teach cost-effective methods for managing small business finances and payroll.Subtopics:Basics of Bookkeeping: Income, Expenses, and ReconciliationsChoosing Affordable Accounting Software (e.g., QuickBooks, others)Payroll Management: providers and compliance – payroll bookkeeping entriesTax Filing and Record-Keeping Best PracticesLet me know if you'd like me to expand on any of these outlines or create detailed materials for one of the courses!Areas CoveredDouble-entry bookkeeping vs. single-entry bookkeepingCompiling basic accounting informationClassifying transactionsModels you can look to for guidancePayroll entriesEntries between the owner and the companyFixed asset entries vs expense entriesData to keep about your revenuesDifferences depending on the type of business entityThe balance sheet, income statement, and general ledgerSoftware solutions, or providing information to an accountant, that will reduce your costsWhat source documents to keep and how longWho Should AttendSmall Business OwnersWhy Should You AttendIf you have struggled to understand and complete accounting tasks for your small business, a few pointers from a long-time CPA may help you to do a better job or find a cost-effective alternative. Common challenges will be discussed and (hopefully) resolved in this course. Topic BackgroundMany small business owners try to keep their own books, due to budget constraints, without having any accounting training. This causes time problems for the owner of the business and challenges for tax preparers and others using the business’s financial reports.
Single
Objective: Teach cost-effective methods for managing small business finances and payroll.
Subtopics:
- Basics of Bookkeeping: Income, Expenses, and Reconciliations
- Choosing Affordable Accounting Software (e.g., QuickBooks, others)
- Payroll Management: providers and compliance – payroll bookkeeping entries
- Tax Filing and Record-Keeping Best Practices
Let me know if you'd like me to expand on any of these outlines or create detailed materials for one of the courses!
Areas Covered
- Double-entry bookkeeping vs. single-entry bookkeeping
- Compiling basic accounting information
- Classifying transactions
- Models you can look to for guidance
- Payroll entries
- Entries between the owner and the company
- Fixed asset entries vs expense entries
- Data to keep about your revenues
- Differences depending on the type of business entity
- The balance sheet, income statement, and general ledger
- Software solutions, or providing information to an accountant, that will reduce your costs
- What source documents to keep and how long
Who Should Attend
- Small Business Owners
Why Should You Attend
If you have struggled to understand and complete accounting tasks for your small business, a few pointers from a long-time CPA may help you to do a better job or find a cost-effective alternative. Common challenges will be discussed and (hopefully) resolved in this course.
Topic Background
Many small business owners try to keep their own books, due to budget constraints, without having any accounting training. This causes time problems for the owner of the business and challenges for tax preparers and others using the business’s financial reports.
