Introduction to Bookkeeping for Small Business Owners

When starting a business, you may not know what is required to account for your financial transactions. Do you need to register for a sales tax permit? Understand how to process 1099s? Do those terms mean anything to you? It can be an overwhelming task to set up your bookkeeping file if you are unsure of the terms, and what the process is to record your company’s activity. In this course, Profitability and Growth advisor Candy Messer, will explain definitions for terms commonly used in accounting as well as how to post different types of transactions. She will also review guidelines regarding 1099 reporting and sales tax compliance. After completing this course, you’ll understand how to set up your bookkeeping file, and how to enter your business activity accurately. You’ll also hear tips on how to organize your documentation for tax preparation and making required estimated tax payments. You’ll have peace of mind knowing you’ll be complying with the law and confident producing accurate financial statements.