This class will help you understand what bookkeeping can tell you about your business and how it can help you manage your business including:
• What data you need to keep track of • Avoiding common mistakes • A summary understanding of what financials and proper bookkeeping can tell you about your business • General understanding your financial statements – income (profit and loss) statement and balance sheet • What’s accrual accounting mean? The importance of matching expenses with revenues • When to engage with an accountant and/or bookkeeper
Don’t let your financial statements overwhelm you! Once you understand what they can do for your business, you’ll wonder why they were ever such a mystery to begin with.
The Colorado Small Business Development Center Network is a partnership between the State of Colorado, Colorado Office of Economic Development and International Trade, the Small Business Administration (SBA), Colorado’s institutions of higher education, local economic development organizations and local chambers of commerce. Funded in part through a cooperative agreement with the U. S. Small Business Administration.