A start-up business owner's guide to financial understanding

A start-up business owner's guide to financial understanding, available at $59.99, has an average rating of 4.35, with 92 lectures, 6 quizzes, based on 14 reviews, and has 72 subscribers.

You will learn about You will be able to set up your accounting system – with a bank statement and an accounting software. You will be able to interview potential accountants and service providers and understand the services being offered to you. You will be well informed of what is important to look out for when reading financial reports. You will be empowered with simple accounting terminologies to have a meaningful financial conversation about your business. You will be given guidlines to ensure you will never be suprised by the tax man again! You will learn how to take responsibility for your accounts and tax obligations. This course is ideal for individuals who are Start up business owners that cannot afford an accountant to help set up the bookkeeping function of a business. or A business owner that wants to be informed about how to communicate with their accountant, with understanding. or A business owner that cannot afford a full time bookkeeper, who is willing to manage some work themselves and outsource the difficult accounting tasks. or A full time employee who is about to start their own business and wants to set it up as efficiently and cost savvy as possible. or An established business owner who would like to know what is their responsibility and what is the accountants, by educating themselves. It is particularly useful for Start up business owners that cannot afford an accountant to help set up the bookkeeping function of a business. or A business owner that wants to be informed about how to communicate with their accountant, with understanding. or A business owner that cannot afford a full time bookkeeper, who is willing to manage some work themselves and outsource the difficult accounting tasks. or A full time employee who is about to start their own business and wants to set it up as efficiently and cost savvy as possible. or An established business owner who would like to know what is their responsibility and what is the accountants, by educating themselves.

Enroll now: A start-up business owner's guide to financial understanding

Summary

Title: A start-up business owner's guide to financial understanding

Price: $59.99

Average Rating: 4.35

Number of Lectures: 92

Number of Quizzes: 6

Number of Published Lectures: 92

Number of Published Quizzes: 6

Number of Curriculum Items: 98

Number of Published Curriculum Objects: 98

Number of Practice Tests: 2

Number of Published Practice Tests: 2

Original Price: £89.99

Quality Status: approved

Status: Live

What You Will Learn

You will be able to set up your accounting system – with a bank statement and an accounting software.
You will be able to interview potential accountants and service providers and understand the services being offered to you.
You will be well informed of what is important to look out for when reading financial reports.
You will be empowered with simple accounting terminologies to have a meaningful financial conversation about your business.
You will be given guidlines to ensure you will never be suprised by the tax man again!
You will learn how to take responsibility for your accounts and tax obligations.

Who Should Attend

Start up business owners that cannot afford an accountant to help set up the bookkeeping function of a business.
A business owner that wants to be informed about how to communicate with their accountant, with understanding.
A business owner that cannot afford a full time bookkeeper, who is willing to manage some work themselves and outsource the difficult accounting tasks.
A full time employee who is about to start their own business and wants to set it up as efficiently and cost savvy as possible.
An established business owner who would like to know what is their responsibility and what is the accountants, by educating themselves.

Target Audiences

Start up business owners that cannot afford an accountant to help set up the bookkeeping function of a business.
A business owner that wants to be informed about how to communicate with their accountant, with understanding.
A business owner that cannot afford a full time bookkeeper, who is willing to manage some work themselves and outsource the difficult accounting tasks.
A full time employee who is about to start their own business and wants to set it up as efficiently and cost savvy as possible.
An established business owner who would like to know what is their responsibility and what is the accountants, by educating themselves.

You started your business because you had an idea full of passion! You didn’t think of all the different components required to set up a business.

The thought of managing your finance department is so daunting that you prefer to leave it, just until you are a little bigger!

But why, when I can help you set this system up, easily and quickly from day one! I won’t let any confusing accountants come in and entice you to rather leave it or pay them handsomely to get you started. In fact, I am here to empower you to be in control of the relationship between you, your accountant and the taxman.

We will look at how to decide on the right service provider for your needs.
We will teach you how to effectively communicate with that new service provider.
We will see who needs to control access to fundamental accounting systems in every business.
We will make sure you are never taken by surprise with your looming tax deadlines.
We talk about some fallacies and miscommunications that can be avoided.
But most of all we will show you how to use your financial reports as a powerful tool to make simple, good decisions in your new business.

Course Curriculum

Chapter 1: Welcome Section 1

Lecture 1: Thank you for signing up!

Lecture 2: The intention behind the course

Lecture 3: What will you learn in this course

Lecture 4: What does this course cover

Lecture 5: Mindset is everything!

Chapter 2: The basics

Lecture 1: Intro to Section 2

Lecture 2: Are you the perfect start up?

Lecture 3: What is income?

Lecture 4: What is an expense?

Lecture 5: What is a cost of sale?

Lecture 6: What is an asset?

Lecture 7: What is a liability?

Lecture 8: What is Equity?

Lecture 9: Before you proceed

Lecture 10: What is the profit and loss report?

Lecture 11: Profit and loss continued…

Lecture 12: What is Sales?

Lecture 13: What is a balance sheet?

Lecture 14: What is the trial balance?

Lecture 15: Well done Section 2 is done!

Chapter 3: How to set up your accounting system

Lecture 1: Intro to Section 3

Lecture 2: How to decide on the right software

Lecture 3: Separating your personal money from your business money

Lecture 4: Establishing the personal money you have already invested in the business

Lecture 5: Why is the bank statement so important?

Lecture 6: Why managing cash can be more time consuming and difficult to manage

Lecture 7: Why multiple bank accounts will help you make good money decisions

Lecture 8: How to add a bank account into your accounting software

Lecture 9: How to download a bank statement

Lecture 10: Importing your first bank statement

Lecture 11: How do you allocate these bank transactions

Lecture 12: Knowing how to process these transactions

Lecture 13: Reviewing the work processed from your allocating of transactions

Lecture 14: How often should I import and process my bank statements

Lecture 15: What is the general ledger report

Lecture 16: Well done Section 3 is complete!

Chapter 4: Establishing how to get the professionals involved

Lecture 1: Intro to Section 4

Lecture 2: The difference between a Bookkeeper and an Accountant

Lecture 3: What you can be managing and what should be left to the professionals

Lecture 4: Questions to ask when deciding on your service provider

Lecture 5: Why is the business owner is always the one held responsible

Lecture 6: Keeping control and access over your finance department

Chapter 5: How to communicate with your service provider

Lecture 1: Intro to Section 5

Lecture 2: Establishing if this is the right service provider for you

Lecture 3: How to establish if they value your potential business

Lecture 4: Establishing expectations and deadlines

Lecture 5: Difference between Financial Statements and Managerial Accounts

Lecture 6: When should we be communicating with our accountant?

Lecture 7: Talking about Retainers

Lecture 8: When do accountants become to expensive

Lecture 9: Documents you can ask your accountant for to ensure you are compliant

Lecture 10: What is a journal entry?

Lecture 11: Why you should consider outsourcing your payroll

Lecture 12: Well done – another section done!

Chapter 6: Tax explained as simply as possible

Lecture 1: Intro to Section 6

Lecture 2: The difference between INDIVIDUAL and COMPANY tax

Lecture 3: Understanding that business owners still pay personal tax

Lecture 4: The 3 main types of Company tax

Lecture 5: Business tax and Personal tax ARE NOT THE SAME THING!

Lecture 6: What is Company tax

Lecture 7: Understanding Processing dates, submission dates and payment dates regarding tax

Lecture 8: The risk of not submitting tax returns on time

Lecture 9: How to pay off penalties and interest as quickly as possible

Lecture 10: The value of communicating with your tax authority directly

Lecture 11: What is VAT – Really!

Lecture 12: Well done you have completed Section 6

Chapter 7: Looking at some fallacies and miscomunications

Lecture 1: Intro to Section 7

Lecture 2: Why making decisions on your bank balance and be a risky idea

Lecture 3: Establishing RED flags with your service provider

Lecture 4: Ignoring your financial responsibilties will not make it go away

Lecture 5: The difference between tax avoidance and tax evasion

Lecture 6: The accountants ethical code

Lecture 7: Why paying yourself first is not a luxury but a necessity

Lecture 8: What is PERSONAL SURETY!

Lecture 9: Section 7 is done!!

Chapter 8: Utilising technology effectively to reduce admin in your accounts department

Lecture 1: Intro to Section 8

Lecture 2: Establishing the right accounting software is step number 1

Lecture 3: Payroll Software

Lecture 4: Why should you own the software and not your service provider

Lecture 5: Making use of mobile applications

Lecture 6: How to set out your accounts department computer filing system

Lecture 7: Timing and online calendars

Lecture 8: You just got to the end of Section 8

Chapter 9: Some complicated stuff

Lecture 1: Intro to section 9

Lecture 2: Why are financial statements useful

Lecture 3: The importance of stock and managing it correctly

Instructors

Heather Naude
The Bridge between you and your accountant!

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3 stars: 3 votes
4 stars: 3 votes
5 stars: 8 votes

Frequently Asked Questions

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You can view and review the lecture materials indefinitely, like an on-demand channel.

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