Accounting for Small Businesses Side Hustles

Accounting for Small Businesses & Side Hustles, available at Free, has an average rating of 4.1, with 21 lectures, based on 92 reviews, and has 4225 subscribers.

You will learn about Learn basics of accounting Understand the key components of your business accounting Make proper use of accounting information Gain insights into the process of developing financial statements and financial forecasts Comprehend the relationship between bookkeeping and tax planning Make data-driven business and financial decisions This course is ideal for individuals who are Small Business owners, self-employed individuals, freelancers, and gig workers with little or no accounting knowledge and or experience making less than $500,000 in revenues or Anyone interested in how accounting works outside of textbooks/college (no prior accounting experience is needed). It is particularly useful for Small Business owners, self-employed individuals, freelancers, and gig workers with little or no accounting knowledge and or experience making less than $500,000 in revenues or Anyone interested in how accounting works outside of textbooks/college (no prior accounting experience is needed).

Enroll now: Accounting for Small Businesses & Side Hustles

Summary

Title: Accounting for Small Businesses & Side Hustles

Price: Free

Average Rating: 4.1

Number of Lectures: 21

Number of Published Lectures: 21

Number of Curriculum Items: 21

Number of Published Curriculum Objects: 21

Original Price: Free

Quality Status: approved

Status: Live

What You Will Learn

Learn basics of accounting

Understand the key components of your business accounting

Make proper use of accounting information

Gain insights into the process of developing financial statements and financial forecasts

Comprehend the relationship between bookkeeping and tax planning

Make data-driven business and financial decisions

Who Should Attend

Small Business owners, self-employed individuals, freelancers, and gig workers with little or no accounting knowledge and or experience making less than $500,000 in revenues

Anyone interested in how accounting works outside of textbooks/college (no prior accounting experience is needed).

Target Audiences

Small Business owners, self-employed individuals, freelancers, and gig workers with little or no accounting knowledge and or experience making less than $500,000 in revenues

Anyone interested in how accounting works outside of textbooks/college (no prior accounting experience is needed).

This course provides business owners, self-employed individuals, freelancers, and gig workers an introduction to the basics of accounting and bookkeeping. This course is designed to help you develop an understanding of key parts of your business accounting and provide you with actionable knowledge to have intelligent conversations with your accountant. Ultimately, by completing this course, you will be able to better understand your business performance, read and understand financial statements, and understand the process of developing your business financial forecast.

By the end of this course you will have learned:

Basics of accounting

Understand the key components of your business accounting

Break down of balance sheet, income statement, and statement of cash flow

Make proper use of accounting information

Gain insights into the process of developing financial statements and financial forecasts

Comprehend the relationship between bookkeeping and tax planning

Make data-driven business and financial decisions

Also, on a higher level, we will explore the value of some of the performance reports such as accounts payable and accounts receivable aging schedules, cash reports, depreciation schedules, as well as some of the key controls for small businesses.

I use a demo company, Excel, and QuickBooks Online to illustrate accounting concepts in the real world. I hope you have as much fun learning through this course as I had creating it.

What this course is NOT:

A substitute for seeking professional help or individual professional advice. Students must not rely on the lesson in this course as professional advice. This course is purely designed and must be used as an educational tool ONLY.

Course Curriculum

Chapter 1: Introduction

Lecture 1: Introduction: Why take this course?

Chapter 2: Module 1: FOUNDATIONS: Your Business/Side Hustle and Accounting

Lecture 1: What information accounting provides you?

Lecture 2: What use does accounting information have for you?

Lecture 3: Costly accounting mistakes most business owners/side hustlers make?

Lecture 4: How does accounting affect your taxes? Accrual vs. Cash

Chapter 3: Module 2: INTRO TO ACCOUNTING: Building Blocks

Lecture 1: The 3 most important statements that run your business: BS, IS, CFS

Lecture 2: Additional key reports: AP, AR, Sales Report, Cash Report

Lecture 3: What is a chart of accounts?

Lecture 4: How can bookkeeping save my business?

Chapter 4: Module 3: STRATEGY: Deriving Business Intelligence & Insight From Accounting

Lecture 1: How to read financial statements: What should I be looking for?

Lecture 2: How is my business doing? Profitability, Cash Flow, Growth

Lecture 3: What is the future going to look like? My Crystal ball

Lecture 4: Bring it all together

Chapter 5: Module 4: TAXES: Minimize or Pay the Price

Lecture 1: How can bookkeeping help you reduce your tax bill?

Lecture 2: Basics of business taxes: income, deductions, credits, elections

Lecture 3: Common tax strategies to consider if you want to cut your tax bill

Chapter 6: Module 5: RESOURCES: Finding Help

Lecture 1: When should you seek professional help?

Lecture 2: How do you select your accountant/bookkeeper/tax professionals?

Lecture 3: Main accounting softwares: QBO, Xero, Waveapps, Freshbook

Chapter 7: Conclusion: NEXT STEPS: Long-life Learning

Lecture 1: Continue to build your knowledge

Lecture 2: Working with us

Instructors

Luntadila Paulo, CPA, MBA
Entrepreneur | CPA | Small Business Trusted Advisor

Rating Distribution

1 stars: 3 votes

2 stars: 6 votes

3 stars: 7 votes

4 stars: 23 votes

5 stars: 53 votes

Frequently Asked Questions

How long do I have access to the course materials?

You can view and review the lecture materials indefinitely, like an on-demand channel.

Can I take my courses with me wherever I go?

Definitely! If you have an internet connection, courses on Udemy are available on any device at any time. If you don’t have an internet connection, some instructors also let their students download course lectures. That’s up to the instructor though, so make sure you get on their good side!