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Small Business Development
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Small Business Development
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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.
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False
True
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
Gas
Food
Mileage
4. How often does the presenter recommend that you update your bookkeeping?
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Weekly
Semi-Monthly
Monthly
Bi-Weekly
5. What is the name of the presenter?
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Jill Jones
Jill Gockel
Jill James
Jill Gammel
6. What is one way to document your expenses?
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Don't keep documentation
Write down what you buy
Keep your receipts
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 pay your bills
So you can know how much your business is worth
So you know if you are making money or not
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?
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Make a facebook post
Call your accountant
Adjust your spending or seek additional sales
Nothing