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.* False True 2. What is bookkeeping?* Tracking your income and expenses Tracking all of your money Looking at your bank statement Keeping up with receipts 3. What is the third item to track besides income and expenses?* Gas Mileage Entertainment Food 4. How often does the presenter recommend that you update your bookkeeping?* Weekly Semi-Monthly Monthly Bi-Weekly 5. What is the name of the presenter?* Jill Gockel Jill James Jill Jones Jill Gammel 6. What is one way to document your expenses?* Keep your receipts Don't keep documentation Take photos of what you buy Write down 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* False True 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?* Call your accountant Nothing Make a facebook post Adjust your spending or seek additional sales This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.