Basic accounting for small businesses

Basic accounting for small businesses

Description

I am Vathani Ariyam; thank you for choosing my course "Basic Accounting for Small Business." I am a freelance accountant with many years of accounting experience. I have also seen and witnessed many businesses failing due to the lack of proper accounting procedures. Many entrepreneurs successfully set up businesses; they might have excellent skills in setting up businesses, marketing, maintain customer relationships, and winning over beautiful customers. But if they are not experienced and knowledgeable enough with various accounting systems for the company, getting the business off the ground is doubtful.

You may be an accounting student or a start-up owner. This course will help you to learn many crucial things about the basics of accounting. So, I will show you what you will learn here:

• Bookkeeping & Accounting

• The importance of cash flow & budget

• Understanding the basics of accounting, Assets, Liabilities, and Equity.

• Profit & Loss account basics - Revenue, Expenses, and Costs

• Business plan and set up a new accounting system.

Further, I am here to point out that most entrepreneurs try to do all the work independently without realizing the consequences that you and your business will face. Besides, that will cost you more if you make mistakes due to a lack of proper knowledge in accounting. Also, all business owners need to have some bookkeeping knowledge to ensure that your freelancer is your bookkeeper doing a good job. Therefore, my suggestion here is to outsource the work that you feel is too much for you.

The result of learning this course will help you avoid the possible mistakes that could arise in the accounting work for your business.

This course is ideal for students who want to study accounting or people who plan to set up a business.

Thank you very much for picking up this course, and please do not forget to leave a review if you think it will help your future success.

Finance advice for non finance managers.

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What you will learn

• Will learn to implement proper accounting system for business and how to maintain an accounting system in their business also become aware to avoid mistakes.
• Business needs frequent checks to ensure business runs smoothly. Maintain accounts for business need lots of dicisilpline in accuracy and control in accounts.
• I lost a business because made mistakes in budgeting and cash flow maintenance. Therefore setting cash flow and budget and monitoring regularly is vital .

Rating: 2.16667

Level: Intermediate Level

Duration: 2.5 hours

Instructor: Vathani Ariyam