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