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Let’s Get Fiscal! Year End Accounting Wrap Up Workshop ! 1.

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Presentation on theme: "Let’s Get Fiscal! Year End Accounting Wrap Up Workshop ! 1."— Presentation transcript:

1 Let’s Get Fiscal! Year End Accounting Wrap Up Workshop ! 1

2 Plumber’s Wife – not a CPA 2www.barebonesbiz.com

3 3

4 4

5 5 Three Things

6 Here’s the plan 6

7 7

8 Bean Team Meeting before

9 Chart of Accounts 9

10 What if it’s a mess?Troubleshootin g Tips 10www.barebonesbiz.com

11 11

12 The Balance Sheet WDTMG pg 70 12www.barebonesbiz.com

13 13 $ Sales100% $ Sales100% - $ Costs 75% _____________________ _____________________ $ Profit 25% $ Profit 25% The Profit & Loss WDTMG pg 71

14 Cash v. Accrual? Cash Flow Statement 14www.barebonesbiz.com

15 15

16 Pay the right amount of tax! 16www.barebonesbiz.com

17 Tax Tips Laundry List - NOW 17

18 Tax Tips Laundry List – by

19 Where did I put that? Recordkeeping Checklist 19www.barebonesbiz.com

20 20

21 Time to upgrade the Team?

22 Time to upgrade software?

23 Use a Payroll Service Payroll Procedure Forms 23

24 24 GOALS Sales Expenses %s, $s SELLING PRICE Justification for HOW MUCH

25 25 Selling Price Formula… the Frank Blau Method the Frank Blau Method

26 The Financial Quick Check 26www.barebonesbiz.com

27 27 “Ellen changed my company forever! The most immediate change made was, as we started to get into the company’s books, I realized that what my bookkeeper was saying he was doing, he was not doing. He was being coy about my direct questions…so he is gone. “Now there are no secrets! Every week, we go through the FQC. The numbers are real, we have a plan in place, and we know what questions to ask and where to get them answered if something looks off. ~Jim Papalia

28 28

29 Questions?

30

31 Forms, Recording! business-workshop/lets-get-fiscal- year-end-accounting-wrap-up/

32 32www.barebonesbiz.com


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