Unfortunately, due to the coronavirus outbreak, Asheville SCORE is cancelling this seminar.  We will reschedule this seminar once we have better insight into the duration of the outbreak.  We apologize for any inconvenience this postponement may cause.  Note that if you have already registered, you may also receive a cancellation email from our reservation system.

Basics of Bookkeeping Spring 2020 

Managing your business’ finances is a primary element in running your business.  In this seminar, you will learn about:

• The differences in company income and payroll taxes (at a high level) and owner compensation in for profit tax entities such as proprietorships, S & C corporations, partnerships
• Registering your company with the various state & federal agencies
• Recording your company’s financial transactions: accrual vs cash accounting
• Employee payroll vs. contract labor
• Financial reporting for a company to assist management in decision-making (not just to prepare tax returns)
• What is a balance sheet, profit & loss statement, and statement of changes in cash flow
• Breakeven revenue analysis
• Accounting for start-up expenses

Instructor: Richard Smith has degrees from Johns Hopkins and the U. of Chicago, and is a CMA. He held various management positions with Nabisco, Kraft Foods, and BASF. He participated in 4 private equity buyouts as part owner/CFO. He taught at the university level for 2.5 years.  Smith is skilled in business plan development & execution, capital raising, business valuations, M & A, job & standard costing, cash flow projections, financial analysis, accounting, tax.