DIY Bookkeeping for Small Businesses and Startups

What you'll learn

What is Bookkeeping?

What are the first steps in setting up your accounting?

How to set up your QuickBooks Online account

Managing your bookkeeping

How to use your books to grow your business

Requirements

none

Description

When was the last time you looked at your financial statements and got excited? You knew exactly what you were looking for and where to find it. If you wanted to get a loan, you could simply submit your documentation, on the same day, without stress.My name is Dave Ashworth and for over a decade I’ve been working with business owners making sure their bookkeeping and accounting were in line with their goals.Now, you may already know this, but over 90% of all startup businesses fail…you can probably guess the #1 reason.Cash Flow.The way small businesses set up their financial systems and processes is all wrong.Owners are wearing too many hats and are consistently pulled in multiple directions, right?Well, today I want to talk with you about the most crucial mistake small business owners make while trying to build their businesses.Most don’t have a handle on their finances. As I already mentioned, 90% of startup businesses will ultimately fail. This number is staggering, right?! This is why you need to understand your numbers. Businesses need to make money or they will fail. Period.What I have discovered is that businesses that keep accurate and up-to-date books as well as make decisions based on what their financials say, succeed at an exponentially higher rate.Now, I get it. Hiring an accounting firm, a fractional CFO, or even a bookkeeper can be too great of a monthly investment for you to get the help you need. This is why we have put all of the information you will need into an easy-to-understand and easy-to-implement course. We are going to teach and show you exactly how to set up your books, manage them and use them to build a successful business.After meeting with thousands of business owners we have discovered that there’s just not enough accessible and easy-to-implement information out there that walks you through the step-by-step process of properly setting your business up for success.This course is perfect for those of you who want to understand your numbers but aren’t quite ready to hire someone. It is for the business owner who is willing to invest a few hours of their time to properly set up accounting systems and then a few hours per month to make sure your numbers properly recorded.This course is comprised of 21 chapters that walk you through every important step to gain control over the finances of your business. If you are just starting out or are ready to take your business to the next level, click Enroll below, and let’s get started.

Overview

Section 1: Introduction

Lecture 1 DIY Bookkeeping Course Overview

Section 2: What is Bookkeeping?

Lecture 2 What is Bookkeeping?

Lecture 3 What is a Balance Sheet?

Lecture 4 What is a P&L?

Section 3: First Steps

Lecture 5 First Steps

Section 4: Setting up your QuickBooks Online Account

Lecture 6 Choosing the right QBO Subscription

Lecture 7 Setting up your Company Settings

Lecture 8 Setting up your Chart of Accounts

Lecture 9 Setting up your Bank and Credit Card Feeds

Lecture 10 Setting up Invoice Templates

Lecture 11 Setting up Vendors

Lecture 12 Setting up Payroll

Lecture 13 Setting up Product and Service Lines

Section 5: Managing QuickBooks

Lecture 14 Entering Transactions

Lecture 15 Recording Invoices

Lecture 16 Bank and Credit Card Reconciliations

Lecture 17 Generating Reports

Section 6: How to use your bookkeeping to grow your business

Lecture 18 Understanding the P&L

Lecture 19 Understanding the Balance Sheet

Lecture 20 Other Considersations

Section 7: Conclusion

Lecture 21 Our Closing Thoughts

business owners,entrepreneurs