Accounting for Your Business
Join us as Becky Brown the founder of North Georgia Accounting Consultants, Inc. (NGAC) goes over accounting 101 for your business.
Becky became a CPA in 1999 and while working at another CPA firm, she realized that there was so much more that the business owner needed help with than just the traditional accounting and tax work. She therefore left that firm and formed NGAC, Inc. which is now in its third year of operation. Becky’s varied experience includes more than fifteen years of working with QuickBooks, and more than ten years of working with small businesses, builders and contractors.
Thursday, May 6, 2010 at 11:45am- 1:00pm.
Located in the Chamber Event's Facility
*Lunch is not provided, you are welcomed to bring your own lunch*
Free for Members/$30 for Non-Members
PLEASE Register online today!
www.cummingforsythchamber.org
I. Basic bookkeeping procedures
A. What’s deductible?
B. Cash vs. Accrual
C. Owners’ transactions
1. Loans to/from company
2. Withdrawals
3. Capital contributions
II. Payroll
A. Employees vs. Contractors
B. Owners’ Salaries
1. Corporations
2. LLC/Sole Proprietor
III. How to Read Financial Statements
A. Balance Sheet
1. Retained Earnings
2. Abnormal Balances
B. Profit and Loss Statement
1. Gross Profit
a) Historical
b) Industry Standards
2. Profit Centers
3. Budgets
IV. Don’t Forget
A. Mileage
B. Out of Pocket Expenses
C. Home Office Deduction