Resources Online Training Bookkeeping 101 for Small Businesses Name* First Last Email* 1. You can be good at bookkeeping even if you know nothing about accounting.* True False 2. What is bookkeeping?* Keeping up with receipts Tracking your income and expenses Looking at your bank statement Tracking all of your money 3. What is the third item to track besides income and expenses?* Food Entertainment Gas Mileage 4. How often does the presenter recommend that you update your bookkeeping?* Monthly Bi-Weekly Semi-Monthly Weekly 5. What is the name of the presenter?* Jill Gammel Jill James Jill Jones Jill Gockel 6. What is one way to document your expenses?* Take photos of what you buy Write down what you buy Keep your receipts Don't keep documentation 7. Operating your business in the "red" is good* False True 8. You should consult an accountant or CPA when it comes to tax season* True False 9. Why would you want to keep track of your balances?* So you can pay your bills So you can see if your business is operating in the red or the green So you can know how much your business is worth So you know if you are making money or not 10. What should you do if you find you are operating in the red?* Nothing Adjust your spending or seek additional sales Make a facebook post Call your accountant This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.