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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?
*
Looking at your bank statement
Keeping up with receipts
Tracking your income and expenses
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
Bi-Weekly
Semi-Monthly
Weekly
5. What is the name of the presenter?
*
Jill Gammel
Jill Jones
Jill Gockel
Jill James
6. What is one way to document your expenses?
*
Write down what you buy
Don't keep documentation
Keep your receipts
Take photos of 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 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 can pay your bills
So you know if you are making money or not
10. What should you do if you find you are operating in the red?
*
Call your accountant
Make a facebook post
Nothing
Adjust your spending or seek additional sales