Choctaw Nation
Small Business Development
Choctaw Nation
Small Business Development
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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.
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True
False
2. What is bookkeeping?
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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?
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Entertainment
Mileage
Gas
Food
4. How often does the presenter recommend that you update your bookkeeping?
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Monthly
Weekly
Semi-Monthly
Bi-Weekly
5. What is the name of the presenter?
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Jill Gockel
Jill James
Jill Gammel
Jill Jones
6. What is one way to document your expenses?
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Write down what you buy
Keep your receipts
Don't keep documentation
Take photos of what you buy
7. Operating your business in the "red" is good
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False
True
8. You should consult an accountant or CPA when it comes to tax season
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False
True
9. Why would you want to keep track of your balances?
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So you can know how much your business is worth
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
10. What should you do if you find you are operating in the red?
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Nothing
Adjust your spending or seek additional sales
Make a facebook post
Call your accountant