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LinkedIn Learning

Introduction to Bookkeeping for Small Business Owners

via LinkedIn Learning

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Overview

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Learn the fundamentals of bookkeeping to help you manage your business's financial information and make more informed business decisions.

Syllabus

Introduction
  • How to excel at bookkeeping
1. Terms Overview
  • Chart of accounts
  • Defining reconciling
  • Understanding income statements
  • Optimizing balance sheets
  • General ledgers
  • Monitoring cash flow
  • Revenue versus profit
  • Liabilities and expenses
2. Bookkeeping Basics
  • Business versus personal funds
  • Tracking business transactions
  • Setting up loans and assets
  • Recording transfers
  • Depreciation and amortization
  • Using journal entries
  • Cash and accrual reporting
  • Customer prepayments
  • Defining class tracking
  • Defining job costing
  • Monitoring bartering services
3. 1099 Reporting
  • Contractors versus employees
  • Mapping 1099 accounts
  • W9 and 1099 forms
  • Issuing a 1099
  • 1099 due dates
  • Correcting 1099 mistakes
4. Tax Preparation
  • Organizing documents
  • Estimated tax payments
  • Tax preparation reports
Conclusion
  • Maintaining compliance

Taught by

Candy Messer and Madecraft

Reviews

4.7 rating at LinkedIn Learning based on 476 ratings

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