Content Inside :
SIBL SEMINAR OUTLINE
* Cash Basis vs. Accrual Basis Accounting
* Balance Sheet
* Accounting/Bookkeeping Functions a. Assets
b. Liabilities
c. Revenue & Expenses
SIBL SEMINAR OUTLINE
* Internal Accounting Controls/
Segregation of Duties
* Payroll Processing (In House Vs. Outsource)
* Taxes: Income, Payroll and Sales
a. Estimated Payments
b. Legal Structures
SIBL SEMINAR OUTLINE
* Bookkeeper vs. Do-It-Yourself
* Retention Period For Files
* Useful Websites
* Questions & Answers
CAUSES OF BUSINESS FAILURE
* Lack of Industry Experience and Knowledge
* Insufficient Start-up Money
* Failure to Understand Market and Customers
* Poor Employee Management Skills
* Wrong Location
CAUSES OF BUSINESS FAILURE
Slide 1 (continued)
* Improper Pricing of Product or Service
* Failure to Understand and React to Competition
* Incorrect Cash-Flow Estimates (Poor Budgeting)
* Insufficient Time Devoted to Business
* Mismanagement of Assets
(Cash, Inventory, Receivables, Fixed Assets)
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Category : Accounting