Accounting for Small Businesses & Side Hustles

Gain control of your business finances with this essential accounting and bookkeeping course! Designed for business owners, self-employed individuals, freelancers, and gig workers, this course provides a clear introduction to the fundamentals of financial management.

You'll develop a solid understanding of key aspects of your business accounting and gain actionable knowledge to confidently discuss your finances with your accountant. By the end, you'll be empowered to:

• Understand your business performance: Learn to interpret financial data and identify areas for improvement.
• Read and interpret financial statements: Demystify the balance sheet, income statement, and statement of cash flow.
• Develop a business financial forecast: Gain insights into the process of creating projections for future growth.
• Utilize accounting information effectively: Make informed decisions based on a clear understanding of your financial position.
• Comprehend the link between bookkeeping and tax planning: Prepare for tax season with confidence.
• Make data-driven financial decisions: Move beyond guesswork and base your choices on solid financial data.

We'll also explore important performance reports such as:

• Accounts Payable & Accounts Receivable Aging Schedules: Manage your cash flow effectively.
• Cash Reports: Track your cash inflows and outflows.
• Depreciation Schedules: Understand the impact of asset depreciation.

The course uses practical examples with Excel and QuickBooks Online to illustrate accounting concepts in a real-world context.

Important Note: This course is an educational tool only and is not a substitute for professional accounting or financial advice. Please do not rely on the information presented here as professional guidance.