Accounting Basics For Small Business Owners
Vložit
- čas přidán 15. 07. 2024
- In this video, we explain why basic accounting is important for all small business owners and how to properly manage the financials of your business. Learn more about accounting basics for small business owners here: bit.ly/396kKAm
Accurate, efficient accounting is the lifeblood of every small business. If your accounting is out of order, the rest of your business will be too.
***
Check Out These Other Videos You Might Like:
▪ How to Read a Balance Sheet (and Make Your Own):
• How to Read a Balance ...
▪ Bookkeeping Basics for Small Business Owners:
• Bookkeeping Basics for...
▪ Cash Flow Statements 101:
• Small Business Account...
▪ The Lazy Person's Guide to Small Business Bookkeeping:
• The Lazy Person's Guid...
Helpful Resources:
▪ The Big List of Small Business Tax Deductions:
bit.ly/3vKCmvD
▪ Balance Sheet Template:
bit.ly/3dd14MP
▪ Cash Flow Statement Template:
bit.ly/2QyZxsN
▪ How To File And Pay Small Business Taxes:
bit.ly/3w0Sfya
Let us know your thoughts about our video explaining the accounting basics for small business owners in the comment section below and don’t forget to subscribe to our channel for more helpful content for small business owners.
***
Timestamps:
0:00 - Intro
0:20 - What Is Accounting
1:15 - What Does Small Business Accounting Involve
1:54 - Managing Your Money
3:16 - Bookkeeping
4:59 - Finacial Statements
6:38 - Making Business Decisions
10:51 - Prepping For Tax Season
***
Join Our Growing Community Of Small Business Owners:
Facebook: / benchaccounting
Instagram: / benchaccounting
Twitter: / bench
LinkedIn: / benchaccounting
***
How Bench can help:
Try us for free - we’ll do one month of your bookkeeping and prepare a set of financial statements for you to keep: bit.ly/2Wt6MoY
With Bench, you get a bookkeeping team to complete your monthly books and help you make decisions to support the best interests of your business. We’ve helped thousands of small business owners take back more time to focus on doing what they love! With Bench on your team, you’ll have properly completed books to help you:
1. Get real-time insights into the financial health of your business
2. Manage your expenses with detailed expense tracking
3. Use bookkeeping records for loan applications and loan forgiveness
4. File your taxes at tax time with our annual financial package, and make the most of your tax deductions
Plus, if you ever have questions, your dedicated team of experts are just a quick message away in the Bench app.
***
About Bench:
We're an online bookkeeping and tax prep service powered by real humans. With Bench, you get a dedicated team of experts to track every detail for you. Your bookkeeping team imports bank statements, categorizes transactions, and prepares financial statements every month. Come tax season, we handle the tax prep and filing, and even offer year-round tax advisory support.
#Accounting #AccountingBasics #SmallBusiness
![14 Biggest Tax Write Offs for Small Businesses! [What the Top 1% Write-Off]](http://i.ytimg.com/vi/5YggWhLeckM/mqdefault.jpg)
Turns out this 13min video explains accounting better than my 8 week business startup course. Great job!
Same thing with my 5 month course
@@fallenangel5722 and same with 12 month accounting course
I am planning to form an LLC Company in the state of New Mexico. This video you made was very useful to me. Thank you very much.
You'd think after 7 years as bookkeeper at a law firm I'd know more about Accounting. I don't. This video was very helpful and hopefully will give me more confidence during my job search!
Thank you! Try us for free - we’ll do one month of your bookkeeping and prepare a set of financial statements for you to keep: bit.ly/3s9voOu
Pp
she's a good teacher!
This is best and most accessible learning experience I had on this topic!
Wow, she is a talented speaker. Very clear an concise. Thanks!
I’m more than happy to discover this channel. I need to thank you for your time for this, particularly a fantastic watch!! I liked every little bit of it and I have subscribed you to look at new post all the time.
Thank you for being so informative and insightful. I came across your video through my college course while pursuing my BFA in Interior Design.
Great video everything here was explained perfectly and after previously not having a clue about accounting, I now have a basic understanding!
Ahhh I love how you make it simple to understand 😍
so helpful and you've made this fun to watch. Thank you
Thank you! Yes, very informative!
Thanks so much ma'am. You're such a great teacher, You're beautiful and indeed a master at what you do. Thanks again!
Thank you! it's very helpful you made it seems so easy!
I just discovered this channel...come in handy in running my small business thankyou
Another great content from your channel!
💕I may not know as much as an Accountant but after watching this video at least I know some good accounting basics..:::TYSMSM💕
Thank you so much for this brief yet informative video. I personally have been helped. Another thank you for the free template which is really helping me keep my finances on track
This is a fantastic video. It's clear and easy to understand your explanations. Thank you for providing this information.
Great content and a great way to sell without selling.
Thanks so much for your advice
Thank you for teaching
that really helpful a lot
So informative. Kudos! 🤗
This helped me so much thank you
Thanks for your advice
Oh! i have learned so much, thank u! as a beginner vlogger it!s very inspiring😊
Found your post interesting to watch. I can't wait to see your new videos soon. Good Luck with the upcoming update. This CZcams channel is really very informative and effective.
thanks for the lesson
This was very useful, thank you.
Just a note on the Disney balance sheet: it says the values are in billions, but they're actually in millions.
Cheers.
thanks for advice
Thank you
Once again, brilliant job. I can say this with authority since I do the same content 😁
This video is very useful for me
She's so pretty! Thank you for this course!
thank you
Good job.
These videos are super helpful. thank you.
Hi Maria, thanks for watching! For more helpful accounting tips and resources for small business owners, be sure to visit the Bench Accounting blog: bit.ly/3nldusu
Nice information about accountancy
Thank you for sharing this video. I do have a small business in Bookkeeping and Accounting at home, and I think the information, you have given, was helpful. I believe, there are some things, in Bookkeeping and Accounting, I need to go back over if I desire to continue my business. Although there are still such things I remember when I majored in Accounting in school, there are such things, I believe, I have to review. Again, I thank you, so much, for the information on the video.
Our pleasure, you can find more helpful information for small businesses on our blog: bench.co/blog/
Thanks! Though it will never strike me as odd that Apple spent 6% of revenue on R&D in 2019, I have literally no idea how much % of revenue big tech typically spends on R&D 🤣thank you for thinking I would though
Great
Very informative...Thank you
Our pleasure, we're glad you enjoyed the video
Yo that background beat is hard
big job
My goodness, what a nice smile. 😊
Hi! Can you please make a more in-depth video of tax planning? - I am purchasing my first business and after speaking with an accountant they are requesting a ton of services for tax planning and I'm not sure we are budgeted enough to take on their services. If I can handle the tax planning myself to save some $ I would rather that.
damn great video
Man, Aidan really out here tryna get Disney and Apple to use Bench to do their bookkeeping 😂😂
I am in love
now we´re two, she´s beautiful
Isn’t all business expenses tax deductible?
Try us for free - we’ll do one month of your bookkeeping and prepare a set of financial statements for you to keep: bit.ly/3s9voOu
With Bench, you get a bookkeeping team to complete your monthly books and help you make decisions to support the best interests of your business. We’ve helped thousands of small business owners take back more time to focus on doing what they love! With Bench on your team, you’ll have properly completed books to help you:
1. Get real-time insights into the financial health of your business
2. Manage your expenses with detailed expense tracking
3. Use bookkeeping records for loan applications and loan forgiveness
4. File your taxes at tax time with our annual financial package, and make the most of your tax deductions
Plus, if you ever have questions, your dedicated team of experts are just a quick message away in the Bench app.
Who is this woman? Whats her name? I'm really liking her.
So on the pricing box for Essential on the website says this:
"$249/mo
billed annually or $299 monthly"
Does that mean $249*12 for the annual price? or is it just $249 for the whole year?
Can you tell me your name and country?
Great info thank you
BTW
THIS IS M A G A COUNTRY! 🇺🇸😎
0:27 it's "its" not "it's"...... it's = it is....... its = possessive.................
i could listen to her all day lol. will you be mine accountant