Upload
kasey-bayne
View
621
Download
0
Embed Size (px)
Citation preview
`
`̀
Making sense out of accounting(are we seriously talking accounting on a Friday night?)
• Investors like to know specifically where their money went
• It sucks to run out of cash
• The IRS is really scary
• It’s a great way to see how your business is doing
• Make better decisions
• Sleep at night
Why bother with accounting?
• Cash flow - cash is king. Money coming in and going out!
• Getting paid - collecting money is one of the hardest things for early stage companies to do.!
• Organization - keeping business and personal finances separate
What’s Important to Focus On?
Getting Started
• Bookkeeper vs. Accountant?
• Bookkeeper records transactions
• Accountants can analyze finances and offer advice
• What should I outsource?
• Depends on the size of business
• Pros and cons of hiring a bookkeeper
`
GetDoxie.com
Digging in
Understanding the Basics
• Financial Statements
• Balance sheet: What am I Worth?
• Income Statement or Profit and Loss: What did I make over a period of time?
• Cash flow statement: How much cash do I have?
Top Mistakes Small Business Owners Make
• Not getting paid
• Not recording expenses
• Not keeping expense receipts
• Not using an accountant at year end for taxes
http://promotions.kashoo.com/macworld2014/!
@KashooOnline@KaseyBayne
@The_Real_Jaryd@JimSecord