Let’s start off this course with an introduction to the basics of achieving a sound foundation for your company’s finances. Without organization and separation, your business tracking can get messy, and cause you problems you don’t need. So, we’re going to help get you started in the right direction for success!
Whether you are just starting your business, or have been leading your company for years, it doesn’t take an unforeseen disaster to lose control over your money and books. Keeping your bank accounts tidy, and books up-to-date and organized, is a necessity to avoid terrible problems, like IRS audits, missed payroll, and misappropriation of commingled personal and business funds.
In this course, we will not only share with you why it is so important to have a handle on your banking and bookkeeping practices, but the best ways to achieve perfect organization in this area. From setting up separate business bank accounts and choosing credit cards, to selecting bookkeeping software and hiring professional help, we will make sure you have all of your financial ducks in a row, and can keep your business above board!
This Module is designed to help you choose your business bank accounts. Whether you are just opening up your first one, or have had some in the past, we’ll help you navigate through the decisions involved in this selection. Keeping your business accounts separate from your personal ones is the first step to financial organization!
So you are ready to open a business bank account! You are going to need some paperwork on hand, in order to be able to apply to open an account, no matter what bank you go to. So, we’ll break down what documents you’re going to bring with you.
Having a bank account is a great step in the right direction toward getting your company’s finances organized. But how do you access that money, and what if you don’t have the cash on hand that you need? This module will teach you how you can access the funds you have, and share with you the ways to exercise credit for the needs of your business.
In this Module, we will help you learn why you can’t just spend money, make money, and forget about it. Keeping track of your accounts is crucial to the success of your company! We’ll introduce you to bookkeeping, and why you need to do it.
Now that you know how important bookkeeping is to your business, it is time to figure out how you are going to accomplish this goal. We’re going to help you navigate the best ways to get it done the right way, so you can rest assured that you’ve got everything under control.
So you’ve decided to do your bookkeeping yourself! In this Module, we’ll give you tutorials on the different bookkeeping software options available to you. There’s a lot to choose from, and you don’t want a “one size fits all” solution, because your business isn’t like anyone else's! We’re going to tell you what you need to know to get you educated about your options.
So you’ve got all of your new software in place, but how do you make sure that you’ll use it, and keep everything organized? This Module will teach you the most important skills and systems for making sure you don’t let it get out of control. Without organization and a current system, your bookkeeping is useless.