Bookkeeping Basics for Small Business Owners

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Keeping your books in order is a key piece to running a healthy, successful business.

To all the entrepreneurs rolling up their sleeves to do their own bookkeeping, we salute you! This is for you.

We walk you through the basics of what bookkeeping is, why it matters, and the seven key steps to getting your own bookkeeping process off the ground.

Timestamps:
0:00 - Introduction
0:28 - Definition of bookkeeping
0:43 - Why bookkeeping matters
2:24 - Separating business and personal expenses
2:54 - Choosing between single entry and double entry accounting
4:04 - Choosing between the cash and accrual method of accounting
4:46 - Choosing a bookkeeping system
6:01 - Organizing and storing documents
6:43 - Making bookkeeping a habit

Other videos you might like:
▪ How to Read a Balance Sheet (and Make Your Own): https://youtu.be/Yv1W683IaVc
▪ Cash flow statements 101: https://youtu.be/wROrC2sHd8k
▪ Bench: Bookkeeping done for you : https://youtu.be/guoTHOqPS9k

Видео Bookkeeping Basics for Small Business Owners канала Bench Accounting