The LA SBDC Network offers no-cost virtual business workshops for small businesses in Los Angeles, Santa Barbara, and Ventura Counties.
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Financial Literacy Series, Session 1 of 3: What you need to know about Accounting and Financial Record Keeping
March 7, 2023 @ 10:30 am - 11:30 am
Business Finance Literacy Series
March 7, 28, 30
The following series covers what you need to know, from bookkeeping to financial management. You will learn what data you need to record to how you can use that information to analyze business performance. Each class can be taken separately or combined for a thorough understanding.
Session One: What you need to know about Accounting and Financial Record Keeping
How to handle accounting and financial record keeping is one of the most difficult decisions company owners make. They ask questions such as: Should we use Quickbooks online, Quickbooks desktop or some other program? What records do we need to keep for tax reporting? Should we hire someone to do our bookkeeping? What is the difference between a bookkeeper, accountant and CPA? How do we know we are hiring the right person?
Unfortunately, too many small business owners do not properly manage their company’s finances. They use accounting software without fully understanding the processes or blindly trusting others. This leads to costly mistakes and tax filing issues.
In this session we will cover the basics of accounting: what you need to record and why. You will learn what information is required for tax filling.
This webinar is taught by Lori Williams, who has an extensive background in finance working as a CFO turnaround consultant, banker and professor. She is known as the “guru of all numbers”.
