Intensive Business/Financials & Basic Quickbooks
Small Business, Entrepreneurs and Consultants will gain a better understanding of your Business by learning the basic Business and Financial concepts required to make your business succeed and proper. This is an intensive learning session that will cover the following areas: Little or no Quickbooks online experiece is necessary to participate in this workshop.
Business Types and decide which is better suited for your Small Business (Sole Proprietor, Partnership or Corporation) and how it affects your income tax
The importance of storing financial files
Financial Statements- What are Financial Statements? Why are they important? How do we prepare them from scratch and through the use of Quickbooks?
How to pay yourself through your business
Understand basic Accounting Concepts and Terms
Basic Quickbooks online modules to help you enter financial information.
Customers and Vendors and entering it in Quickbooks
HST Remittances- Should you collect HST? One approach to calculating HST and when to remit
Creating the Profit & Loss statements from scratch and by using Quickbooks
Creating Budgets and how it can help your business
Looking at financial trends
Keeping well organized financial records