Basics of Bookkeeping Fall 2019 

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.