Accounting for Small Businesses & Side Hustles
Accounting for Small Businesses & Side Hustles, available at Free, has an average rating of 4.1, with 21 lectures, based on 92 reviews, and has 4225 subscribers.
You will learn about Learn basics of accounting Understand the key components of your business accounting Make proper use of accounting information Gain insights into the process of developing financial statements and financial forecasts Comprehend the relationship between bookkeeping and tax planning Make data-driven business and financial decisions This course is ideal for individuals who are Small Business owners, self-employed individuals, freelancers, and gig workers with little or no accounting knowledge and or experience making less than $500,000 in revenues or Anyone interested in how accounting works outside of textbooks/college (no prior accounting experience is needed). It is particularly useful for Small Business owners, self-employed individuals, freelancers, and gig workers with little or no accounting knowledge and or experience making less than $500,000 in revenues or Anyone interested in how accounting works outside of textbooks/college (no prior accounting experience is needed).
Enroll now: Accounting for Small Businesses & Side Hustles
Summary
Title: Accounting for Small Businesses & Side Hustles
Price: Free
Average Rating: 4.1
Number of Lectures: 21
Number of Published Lectures: 21
Number of Curriculum Items: 21
Number of Published Curriculum Objects: 21
Original Price: Free
Quality Status: approved
Status: Live
What You Will Learn
- Learn basics of accounting
- Understand the key components of your business accounting
- Make proper use of accounting information
- Gain insights into the process of developing financial statements and financial forecasts
- Comprehend the relationship between bookkeeping and tax planning
- Make data-driven business and financial decisions
Who Should Attend
- Small Business owners, self-employed individuals, freelancers, and gig workers with little or no accounting knowledge and or experience making less than $500,000 in revenues
- Anyone interested in how accounting works outside of textbooks/college (no prior accounting experience is needed).
Target Audiences
- Small Business owners, self-employed individuals, freelancers, and gig workers with little or no accounting knowledge and or experience making less than $500,000 in revenues
- Anyone interested in how accounting works outside of textbooks/college (no prior accounting experience is needed).
This course provides business owners, self-employed individuals, freelancers, and gig workers an introduction to the basics of accounting and bookkeeping. This course is designed to help you develop an understanding of key parts of your business accounting and provide you with actionable knowledge to have intelligent conversations with your accountant. Ultimately, by completing this course, you will be able to better understand your business performance, read and understand financial statements, and understand the process of developing your business financial forecast.
By the end of this course you will have learned:
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Basics of accounting
-
Understand the key components of your business accounting
-
Break down of balance sheet, income statement, and statement of cash flow
-
Make proper use of accounting information
-
Gain insights into the process of developing financial statements and financial forecasts
-
Comprehend the relationship between bookkeeping and tax planning
-
Make data-driven business and financial decisions
Also, on a higher level, we will explore the value of some of the performance reports such as accounts payable and accounts receivable aging schedules, cash reports, depreciation schedules, as well as some of the key controls for small businesses.
I use a demo company, Excel, and QuickBooks Online to illustrate accounting concepts in the real world. I hope you have as much fun learning through this course as I had creating it.
What this course is NOT:
A substitute for seeking professional help or individual professional advice. Students must not rely on the lesson in this course as professional advice. This course is purely designed and must be used as an educational tool ONLY.
Course Curriculum
Chapter 1: Introduction
Lecture 1: Introduction: Why take this course?
Chapter 2: Module 1: FOUNDATIONS: Your Business/Side Hustle and Accounting
Lecture 1: What information accounting provides you?
Lecture 2: What use does accounting information have for you?
Lecture 3: Costly accounting mistakes most business owners/side hustlers make?
Lecture 4: How does accounting affect your taxes? Accrual vs. Cash
Chapter 3: Module 2: INTRO TO ACCOUNTING: Building Blocks
Lecture 1: The 3 most important statements that run your business: BS, IS, CFS
Lecture 2: Additional key reports: AP, AR, Sales Report, Cash Report
Lecture 3: What is a chart of accounts?
Lecture 4: How can bookkeeping save my business?
Chapter 4: Module 3: STRATEGY: Deriving Business Intelligence & Insight From Accounting
Lecture 1: How to read financial statements: What should I be looking for?
Lecture 2: How is my business doing? Profitability, Cash Flow, Growth
Lecture 3: What is the future going to look like? My Crystal ball
Lecture 4: Bring it all together
Chapter 5: Module 4: TAXES: Minimize or Pay the Price
Lecture 1: How can bookkeeping help you reduce your tax bill?
Lecture 2: Basics of business taxes: income, deductions, credits, elections
Lecture 3: Common tax strategies to consider if you want to cut your tax bill
Chapter 6: Module 5: RESOURCES: Finding Help
Lecture 1: When should you seek professional help?
Lecture 2: How do you select your accountant/bookkeeper/tax professionals?
Lecture 3: Main accounting softwares: QBO, Xero, Waveapps, Freshbook
Chapter 7: Conclusion: NEXT STEPS: Long-life Learning
Lecture 1: Continue to build your knowledge
Lecture 2: Working with us
Instructors
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Luntadila Paulo, CPA, MBA
Entrepreneur | CPA | Small Business Trusted Advisor
Rating Distribution
- 1 stars: 3 votes
- 2 stars: 6 votes
- 3 stars: 7 votes
- 4 stars: 23 votes
- 5 stars: 53 votes
Frequently Asked Questions
How long do I have access to the course materials?
You can view and review the lecture materials indefinitely, like an on-demand channel.
Can I take my courses with me wherever I go?
Definitely! If you have an internet connection, courses on Udemy are available on any device at any time. If you don’t have an internet connection, some instructors also let their students download course lectures. That’s up to the instructor though, so make sure you get on their good side!
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