Small Business Accounting Basics

By Pace University Small Business Development Center

Sep 18  |  Business

As a Small Business Owner, it is critical to have a working understanding of accounting basics to enable you to make critical business decisions based on financial data and performance. Further, entrepreneurs should understand their business’ financial statements, which provide an accurate reflection of the health and profitability of your company.

Led by Pace University Small Business Development Center (SBDC) Business Advisor Sandra Cely, this workshop will cover the fundamentals of accounting to help attendees be better equipped to handle their business’ financials, including:

• Accounting terms and procedures
• Debits and credits
• How to classify accounts and transactions
• Introduction to financial statements (eg. Balance sheet, income statement, statement of cash flows) and what they measure

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