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Eventually, as your business grows you will probably need to find some people to help you.  This module reviews the basics of what you need to know about the legal requirements and the paperwork involved.

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The three major financial statement reports are the balance sheet, profit & loss (income) statement, and statement of cash flows.  I will discuss why these are important to your business, to investors and to the bankers.

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A chart of accounts is a list of all your company's "accounts" together in one place.  It's like a list of all the names of the columns in a single-entry bookkeeping system, adding in the debt you owe, the money you have put into the business, the money people owe you...

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The way you organize your paperwork is to produce two results.  The first is to provide you with the data to let you know if you are making a profit and how much, so you can make the proper adjustments.   The second is to document things in a way that will allow you...

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Many people think that the accounting part is just buying some software and start plugging numbers in.  That couldn't be farther from the truth.  So we are going to start at the beginning.  The things that you should decide on before you even pick up a pencil,...

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And yet, if you truly want to Protect the Profits that your business makes from runaway expenses or getting overly taxed - then we need to talk about bookkeeping.  This section is not about learning how to be an accountant.  Instead, I want to talk about...