Accounting Basics for Business Owners

This event has been canceled

Accounting software is a must for all business owners for monitoring their business’ financial performance. It puts the answers right at your fingertips in reports and graphs that may look great but are a mystery as to what they really mean and just how you got there. Understanding the rules and language of accounting makes using the software a lot less challenging and gives you more for your investment, saving you time and money… In this 4 hour, hands-on session you will learn: Double-entry accounting and what it means in your business, How Debits and Credits work, and the CPA template that eliminates errors, The steps required to record inventory purchases, The steps required to record inventory sales accurately, The # 1 reason why loan balances are wrong on your financial statements, The difference between the income statement (profit & loss statement) and the Balance Sheet, Why the cash account never matches profit, The difference between cash and Income, Why credit card balances show negative on your Balance Sheet, and how to eliminate this error, The # 1 tax deduction that most people forget! Consider this course if you are a) thinking of purchasing accounting software or, b) have accounting software but having problems creating accurate reports. This course will provide you with an understanding of basic accounting for small businesses and give you what you need before investing your time and money in accounting software. This course is recommended for those unfamiliar with Quickbooks who plan on taking the Quickbooks 1.0, 2.0 and 3.0 seminars to increase their Quickbooks skills.

Speaker(s): Richard Melancon, CPA

Co-Sponsor(s): Xavier University Division of Business

Fee: $ 65.00

Call 504.831.3730 or email jmenyon@lsbdc.org to register and take advantage of our Early Bird Special discount of $10.