Basics of Bookkeeping

SCORE is offering a free seminar on Saturday, May 11, 2019 from 9 a.m. to 12 noon at the A-B Tech Enka Campus, 1359 Sand Hill Road, Small Business Center, Room 2016, Candler.

Managing your business’ finances is a primary element in running your business. In this seminar, led by Richard Smith, 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
  • Break-even revenue analysis
  • Accounting for start-up expenses

To register go to


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