BRIDGEWATER - Simplified Bookkeeping Workshop 

Let’s face it, most entrepreneurs and business owners don’t know the first thing about double-entry bookkeeping, and they don’t want to know.

In the early days, you may not be able to afford to hire a bookkeeper and even if you go to an accountant to help you prepare your annual tax return, you need to know the basics of how to keep your books in order throughout the year.

Why does it matter? Because good accounts are the basis of a good business. If you don’t have an accurate grasp of your financial situation, your plans will be based on little more than guesswork. Investors or lenders will also want to see well-organized finances before they commit to funding your business.

By the end, you will at least have a basic grasp of how to keep a set of business accounts. You’ll be armed with some practical steps you can take to make sure you’re recording the right things, and will be able to keep your business on solid financial ground. 

What you will learn: 

• Accounting Terms and Uses
• Understanding Chart of Accounts and Uses
• Understanding Debit and Credit And How To Use Them
• Components and Use of Income Statement and Balance Sheet
• How To Manually Post Transactions To A Spreadsheet