Listen "[Audiobook] Administrative Skills | Basic Bookkeeping"
Episode Synopsis
Ever wondered how the balance sheet, assets, liabilities, and equity all come together to create a clear financial picture? Join us as we guide you through these foundational concepts, using Kelly's firsthand experiences as an accounting intern to illustrate the critical importance of accurate terminology in the workplace.Discover the nuts and bolts of cash management and accrual accounting, and learn how transitioning from cash to accrual can give your business a more precise financial outlook. Damien's story of shifting his import business to accrual accounting serves as a powerful example of the benefits and practical applications of this method. Plus, we'll explain how to manage essential components like accounts payable, accounts receivable, journals, and general ledgers to keep your business finances in top shape.Finally, gain a solid understanding of financial statements, payroll management, and the crucial role of auditing. From Bob and Tom's Crunchy Cookie Company, you'll learn how to categorize assets and liabilities effectively. We'll also break down payroll concepts and end-of-period procedures, ensuring you have all the tools needed for accurate financial management. Through Stephen's tale of proactive auditing, you'll see just how vital regular audits are for maintaining impeccable financial records. Tune in and enrich your bookkeeping knowledge with practical advice and insights from our comprehensive workshop!Get In Touch.Sign up for our self-paced courses or instructor-led workshops at www.ht-a.solutions Sign up for our self-paced courses or instructor-led workshops at www.ht-a.solutions Sign up for our self-paced courses or instructor-led workshops at www.ht-a.solutions
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