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Bookkeeping Basics for Business Owners

IN-PERSON EVENT

If you’re feeling overwhelmed by your business’s bookkeeping — fear no more!

Bookkeeping Basics is a four-part series that helps business owners handle financial records with ease. We break down the essentials, from choosing accounting methods (cash vs. accrual) to precise transaction logging.

Join us to learn the ins and outs of maintaining organized books and discover expert-recommended practices to elevate your bookkeeping skills. Say goodbye to confusion and hello to a more straightforward way of managing your business finances!

Program Outline:

Thursday, June 6 | 10 a.m. – Noon

  • Understanding the bookkeeping process
  • Setting up a bookkeeping system
  • Creating a chart of accounts
  • Cash method vs. accrual method

Thursday June 13 | 10 a.m. – Noon

  • Breaking down revenue vs. expense
  • Assets, liabilities, and equity
  • Debits vs. credits
  • Recording transactions and payroll

Thursday, June 20 | 10 a.m. – Noon

  • Preferred methods of accounting
  • Logging accounts receivables
  • Logging accounts payables
  • Depreciation and amortization

Thursday, June 27 | 10 a.m. – Noon

  • Paying employees vs. paying owners
  • Journal entries
  • Closing the books
  • Understanding financial statements

Date

Jun 06 2024
Expired!

Time

10:00 am - 12:00 pm

More Info

Register Here

Location

Entrepreneurial Resource Center - Temecula
43200 Business Park Drive 2nd Floor Temecula, CA 92590
Category
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Bookkeeping Basics for Business Owners

Mike Daniel is the network director of the Orange County Inland Empire SBDC Network, which assists aspiring entrepreneurs and current business owners throughout Orange, San Bernardino and Riverside counties. Mike was formerly the director of the SBDC office at Long Beach City College. As business owner and entrepreneur himself, he started his career as the owner of a Rocky Mountain Chocolate Factory location in Manhattan Beach and went on to open a second location in Long Beach in 2001. In 2007, Mike sold the Manhattan Beach store for an above-market offer then invested in several additional locations as a minority shareholder. Mike further expanded his candy empire with venture located in Shoreline Village in Long Beach called Sugar Daddies Sweet Shoppe, based on fill-it yourself candy options.

Mike has a bachelor’s degree in Business Administration from California State University, Fullerton.