Event by Fayetteville-Cumberland Regional Entrepreneur and Business HUB: Basic Bookkeeping for Your Small Business

Do you know your product or service upside down and backwards, but the numbers just drive you up a wall? This two-hour workshop will help you to understand the difference between cash basis and accrual basis of accounting and single versus double entry bookkeeping. We’ll talk about calculating and recording payroll taxes and sales tax. You’ll become familiar with those financial terms that confuse you but that accountants love to use, and you’ll get hands-on experience in recording transactions and preparing an income and expense statement and balance sheet.

You will learn:

The difference between cash vs. accrual accounting
Single vs. double-entry bookkeeping systems
How to record payroll taxes and sales tax
What those tricky financial terms actually mean
How to prepare an income & expense statement and balance sheet

Jess McLamb, president of Goldston Consulting Group began her accounting and consulting business over 30 years ago. Since that time, she has trained thousands of entrepreneurs across the state how to start, market and manage their business.