BOOKKEEPING SERIES
Now, small businesses can join a friendly and affordable bookkeeping workshop series.
Learn simple ways to handle your hard-earned money wisely!
This workshop series is designed to teach business owners to generate and maintain periodic healthy financials to make their businesses more formal, and to increase their possibilities to be bankable and get access to loans for business development. Upon completion of this workshop, the participants will be able to read financials, set up a QuickBook layout, understand categorization basics, reconciliations and financial evaluations.
This series is focused on business owners that are already in revenue, more than 6 months in business, are willing to make the investment to have a paid accounting system such as QuickBooks. For this workshop, homework is required.
The bookkeeping workshop will focus on learning to use an accounting system and we workshop will only focus on transactions beginning on January 1, 2024.
This workshop has certain criteria to participate and business owners that will be qualified for this cohort must:
- Have an open and operating business
- Be generating business transactions with an average of 60,000 in sales per year or $5,000 in sales per month.
- Must have a bank account
- Must currently have or be willing to enroll in a Quickbooks subscription: Essential, Plus, or Advanced
Bookkeeping Series – $400 for the entire series –
Date: Every Tuesday, from January 30th to March 5th in English
Time: 10:00 AM to 12:00 PM
Date: Every Tuesday, from June 11th to July 16th , in Spanish
Time: 10:30 AM to 12:30 PM
Location: 1144 Airport Blvd #260, Austin, TX 78702
Limited Spaces Available. Contact Josely at josely@egbi.org
Please contact EGBI with questions at (512) 928-2594.
Week Workshop series will include:
Understanding what QuickBooks is and its benefits:
1. Understanding what QuickBooks is and its benefits
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Financial bookkeeping
2. Understanding the 3 major financial statements
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Cash Flow, Balance Sheet, Profit and Loss
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Benefits for decision making
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Bank readiness
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Tax reporting benefits
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3. Learn what a chart of accounts is, and the most common categories for small business owners.
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Setup your chart of accounts
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Quickbooks layout
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Most popular operating expense accounts
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Accounts Payable
4. Create estimates and invoices and keep track of them.
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Create products and services
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Accounts Receivable (Aging accounts
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5. Data enters all business transactions into your accounting system and categorizes them.
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Briefly touch journal entries and how to do them.
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Adding assets and long term liabilities to the accounting system.
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Briefly touch on depreciation expense. What it is and the benefits of it.
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6. Summary class
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