Financial Planning for Your Small Business
Bookkeeping and Business Records Explained
Starting a business can be a lot like starting a family. Nurture it, put in the time and it can be one of the most rewarding things a person can do. Your first year in business represents the perfect time to nail down your financials and grow strong. Start with our Financial Planning for Small Business seminar.
Establishing your financial records and bookkeeping system early on is a good habit that will continue to help you grow during the life of your business. Join Dianne Mueller, SOMA Business Solutions as she helps you understand how to establish the right business strategy for your company.
You’ll learn about setting up a separate business bank account, putting together a filing system, and the most efficient ways to invoice your clients.
What Will I Learn?
The different types of financial statements your company will need
What a balance sheet is
The difference between an income and cash flow statement
How your daily business transactions affect your financial statements
Review CRA’s requirements for record keeping
Different types of bookkeeping systems
Due to the rapidly evolving public health situation surrounding COVID-19, Small Business BC has reached the difficult decision to modify how we deliver our services in the coming weeks.
As an organization, our number one priority will always be the health and safety of our clients, staff and service providers. We also want to ensure we maintain the high service standards our clients expect. As such, we will be delivering all our services online, or over the phone, until further notice. See here for more information on our service changes. Please use our COVID-19 small business resources – including this practical checklist for business continuity.