Small Business Finance

You had a passion or a big idea and decided to go for it, but you have little to no finance experience. Now you're trying to determine how to effectively manage your small business finances. Maybe numbers just aren't your thing and the finance part is overwhelming you. Whatever the case, this course is designed to help you better understand what's involved in accounting so you're set up for success. We'll talk about organizing your finances, reviewing costs, invoicing, accounting software, and what to do as your business grows.

If you weren't an accounting major, some of its terminology may seem like a different language. In this second course, we define basic accounting terms and go over the accounting documents every business needs, including balance sheets, income statements, cash flow statements, and revenue forecasts. We also discuss the four general types of taxes and what the government requires of small businesses at both the state and federal level.

If your business has employees, you have to run payroll, and payroll can mean a few different things. In this course, we go over exactly what those are.

We discuss choosing your payroll schedule, ways to pay your employees, and how to determine how much to pay, along with employee taxes. Lastly, we cover maintaining records, filing forms and depositing taxes for your small business. Always check with an employment attorney who knows the rules for your specific locality.