This two-session workshop will help business owners understand bookkeeping and financial management concepts.
During the first session on October 19th, the presenters will discuss the components of a business, the importance and purpose of bookkeeping, and the purpose of different financial reports. Accounting, budgeting, and bookkeeping terminology will also be discussed.
Some of the main points that will be discussed throughout the presentation are:
- cash vs. accrual accounting
- proper accounting
- data flow processes
- lines of credit vs. business loans
During the second session on October 26th, attendees will learn the use of developing a budget, developing a statement of cash flows, and developing a cash flow forecast in order to track and project future monthly cash needs.
The presenters will also discuss:
- how to avoid excessive tax penalties
- how to reduce small businesses’ taxes
- many of the taxes that affect business profits
These may include state and federal income and payroll taxes, sales and use taxes, and property and city taxes. Attendees will also learn about cash flow analysis.
Instructor: Ted Hilliard is founder of Hilliard Management Group, Inc., a small business financial accounting consulting, training, and bookkeeping company. Ted has been a passionate small business trainer for over 20 years and has ability to make bookkeeping concepts easy to understand and entertaining. He is a veteran business owner who has a BA in Economics from University of California
- Derek Goldstone