Global Scenario On Sustainable and Resilient Coconut Industry by Dr. Jelfina...
Intro to quickbooks 2012 (1)
1. Intro to Quickbooks Workshop
Presented by:
Mark Engle, Director
MCCD Small Business Development Center
2400 N. Central Avenue, #104
Phoenix, AZ 85004
480-784-0590
2. Intro to Quickbooks
• Introduction of Speaker
• Rules for the seminar
– Meet your SBDC
Counselor
– Q&A for end
– Evaluations
3. Why Accounting?
• Taxes
• Profit or Loss?
• Selling the Business
someday…
• Last but not least for
Managing the Business!
(Managing by the
numbers)
4. Should I hire an
accountant?
• What is your time
worth?
• Would you do your
own dentistry or
legal?
• Getting help to start
• Bookkeeping vs.
Accounting
5. Where do I begin?
• Keeping track of
expenses
• Receipts & Logs
• Separate accounts for
business & personal
• Shoe Box Accounting is
expensive in the long run
6. General Recordkeeping
• Revenue & Expense Records
– Vendor Center
– Employee Center
– Customer Center
– Petty Cash
• Balance Sheet
– Inventory Tracking
– Fixed Assets
– Accounts Payable (bills)
– Accounts Receivable (credit sales)
7. General Recordkeeping
• Mileage, Entertainment,
Travel
• Payroll Accounting
• Customer Lists & Records
• Financial Statements:
– Income Statement
– Cash Flow
– Balance Sheet
8. Where to Start with
Quickbooks
• Chart of Accounts
– Number your accounts
– Control who creates accounts
– QB’s help can help!
• Setup Vendors, Customers &
Employees through Use
9. The Financial Statements
• Balance Sheet
• Income Statement (P&L)
• Monitoring performanc
– Monthly for P&L
– Compare to budget
• Cash Flow Statements
10. Other Considerations
• Recordkeeping Schedule
• Tax schedules
• Records retention
• Do you really need
Quickbooks??
11. When You Have
Employees
• Legal Considerations
• Costs involved in
bookkeeping
• Penalties are severe for non-
payment of taxes
• Have separate payroll account
and deposit for employee and
employer weekly
13. Where to go from here
• SBDC Open Labs for video
tutorial and try the program
• Get professional help
• Have controls in place for
accounting systems
• Use financial statements to
make your business succeed!
14. Intro to Quickbooks
Presented by:
Mark Engle
Director
Maricopa Community Colleges Small
Business Development Center
2400 N. Central Avenue, #104
Phoenix, AZ 85004
480-784-0590
www.maricopaSBDC.com