BASIC ACCOUNTING for Non-Accountants

Many business owners postpone their record keeping tasks till a free moment as a choir because they do not understand the concepts or the necessity.  This webinar is designed for the owner who has very little accounting knowledge.

Accounting is the "language" of business that can tell you if you are making a profit, whether your gross margins are consistent with industry ratios, what is the status of your owner's equity investment and much more.  Accounting statements will be required by your lenders, investors, the IRS and yourself to track the progress of your business.

This webinar of 60 minutes will not take the place of a Chief Financial Officer but will let you understand your business statements, even if prepared by a third party.  Included in the topics are:

• Why you should understand accounting terms and concepts
• The terminology use by business and support vendors
• Basic financial statements like-                                                       Balance sheets                                                                       Profit & Loss Statements                                                         Cash Flow reconciliations                                                        Source/Application of Funds
• Accounting concepts like depreciation, breakeven points, etc. 
• Tools to compile your accounting data - a check book, Excel spreadsheets or computer software.

The author of the webinar will also discuss via email any accounting concept or issue you may have in your business that is not covered in the webinar.