Thank you to all who attended our first workshop series Finance Fundamentals for Your Small Business! We hope we offered you some helpful insight on how to manage your business finances for future success. For those who missed the exciting workshop series, here's an overview of what participants learned. Couldn't make it? No worries, we plan to schedule similar workshops in the near future. Be on the lookout for emails with more information!
Photo by Practical Accounting Solutions
Week 1: Business Basics
As a wise woman once sang, "Let's start from the very beginning, a very good place to start". We started with business basics. Our attendees learned everything from what kinds of professionals to consult before, during, and after starting your business, what paperwork you need to fill out, and how to monetarily prepare for starting and managing your business.
Week 2: Bookkeeping
Not unlike a library, your business finances need to have a place on your shelf (whether digital or physical). By comparing business trends over time, you can see how your business is growing or fluctuating. Our participants learned differences between the accrual and non-accrual accounting methods and how to create basic accounting statements for a snapshot of the business.
Week 3: Employee management and the jobs act
During our final week, our participants learned about payroll and how it relates to employee management. We also reviewed The Jobs Act and Tax Cuts. The new tax law can be confusing, and we are here to help you interpret and understand how these new regulations affect your business.
As you can see, we squeezed tons of information in just 3 sessions! If you'd like help with any of these topics, please contact us today to schedule a consultation! Also, be on the lookout for future events by Practical Accounting Solutions.
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