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 Tracking all of your money Looking at your bank statement 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 Semi-Monthly Bi-Weekly Weekly 5. What is the name of the presenter?* Jill Gockel Jill Jones Jill Gammel Jill James 6. What is one way to document your expenses?* Don't keep documentation Write down what you buy Keep your receipts Take photos of what you buy 7. Operating your business in the "red" is good* True False 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 see if your business is operating in the red or the green So you can pay your bills So you know if you are making money or not So you can know how much your business is worth 10. What should you do if you find you are operating in the red?* Adjust your spending or seek additional sales Nothing Call your accountant Make a facebook post This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.