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Bookkeeping Essentials for Small Business Owners
Overview
Effective bookkeeping is the foundation of sound financial management. This webinar introduces participants to the basic principles of recording business transactions, tracking income and expenses, and maintaining organized financial records using Microsoft Excel. Designed for entrepreneurs and small business owners with little or no accounting background, the session focuses on practical tools and simple templates that support better decision-making and business sustainability.
Outline
• Understand the importance of bookkeeping in managing a successful business.
• Differentiate between revenue, expenses, assets, and liabilities in simple terms.
• Create and maintain an income and expense tracker using Microsoft Excel.
• Develop a basic cash flow worksheet to monitor money coming in and going out of the business.
• Organize business records and supporting documents for easy reference and reporting.
• Learn best practices for separating personal and business finances.
• Build simple Excel templates for monthly budgeting, expense tracking, and profit monitoring.
• Use financial records to make informed business decisions and identify areas for improvement.
