When

Saturday, May 16, 2020 from 9:00 AM to 12:00 PM EDT
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Where

AB-Tech Enka Campus 
1459 Sand Hill Rd
Small Business Center
Room 2046
Candler, NC
 

 
Driving Directions 

Contact

Asheville SCORE 
Asheville SCORE-Chapter 137 
828-271-4786 
 
 

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.