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?* Tracking your income and expenses Keeping up with receipts Looking at your bank statement Tracking all of your money 3. What is the third item to track besides income and expenses?* Food Mileage Entertainment Gas 4. How often does the presenter recommend that you update your bookkeeping?* Monthly Weekly Semi-Monthly Bi-Weekly 5. What is the name of the presenter?* Jill James Jill Jones Jill Gammel Jill Gockel 6. What is one way to document your expenses?* Don't keep documentation Take photos of what you buy Write down what you buy Keep your receipts 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* 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 know how much your business is worth So you know if you are making money or not So you can pay your bills 10. What should you do if you find you are operating in the red?* Nothing Adjust your spending or seek additional sales Call your accountant Make a facebook post This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.