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Business Accounting 101: Basic Concepts by Grant Seshul
Accounting can be defined as “the system of recording and summarizing business and financial transactions, and analyzing, verifying, and reporting the results.” This seminar will cover basic accounting principles and practices helpful to any small business owner. Understanding accounting concepts can assist a small business owner to establish recordkeeping and reporting practices that will save them time, trouble, and money in the long run. This presentation will prepare you to handle your income, pay your bills, and track expenditures as you establish a solid accounting system for your business.
● Establish your company as a distinct legal entity
● Don’t mix business & personal funds
● Open a business checking account/credit card
● Accrual basis vs cash basis
● Matching principle / revenue recognition
● How to save money with deductions for business equipment
● Processes to support best practices and reduce regulatory risk

Jun 7, 2022 12:00 PM in Central Time (US and Canada)

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