As a business owner, entrepreneur, employee or student you may be great in your field but that doesn't mean you're strong in every area of running a business...
A great chef may be incredible in the kitchen...
An award-winning body builder can help the most out of shape person...
A talented web designer or graphic artist may create unbelievable designs...
But when it's time to balance the checkbook or talk to the CPA at tax time, it feels like it's a completely different language you've never learned!
Recognize the difference and the importance of tracking personal finances separately from business finances.
Identify the primary four types of business structures in the United States.
Define “transaction” as it is used by non-accounting professionals in the small business world.
Differentiate between revenue and other types of funds received by a business.
Explain the difference between Cost of Goods Sold (COGS) and other types of small business expenses (overhead).
Explain the differences between Assets, Liabilities, and Equity.
Identify the difference between Accounts Receivable and Accounts Payable.
State the different information included in Income Statements, Balance Sheets, and A/P & A/R Aging reports.
List common mistakes small business make in bookkeeping activities.
This first video is an introduction into double entry bookkeeping.
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Bookkeeping Basics #1: Understand the Fundamentals
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