Small Business Accounting Basics

As a Small Business Owner, it is critical to have a working understanding of accounting basics to enable you to make critical business decisions based on financial data and performance. Further, entrepreneurs should understand their business’ financial statements, which provide an accurate reflection of the health and profitability of your company. Led by Pace University Small Business Development Center (SBDC) Business Advisor Sandra Cely, this workshop will cover the fundamentals of accounting to help attendees be better equipped to handle their business' financials, including: Accounting terms and procedures Debits and credits How to classify accounts and transactions Introduction to financial statements (eg. Balance sheet, income statement, statement of cash flows) and what they measure After the presentation, there will be time for Q&A with the Pace University SBDC team to learn more about the services our center offers to help small business owners and aspiring entrepreneurs grow or launch their venture, all at no cost to our clients.