Accounting Basics For Small Business Owners

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: https://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.

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Check Out These Other Videos You Might Like:
▪ How to Read a Balance Sheet (and Make Your Own):
   • How to Read a Balance Sheet (and Make...  
▪ Bookkeeping Basics for Small Business Owners:
   • Bookkeeping Basics for Small Business...  
▪ Cash Flow Statements 101:
   • Small Business Accounting: Cash Flow ...  
▪ The Lazy Person's Guide to Small Business Bookkeeping:
   • The Lazy Person's Guide to Small Busi...  

Helpful Resources:
▪ The Big List of Small Business Tax Deductions:
https://bit.ly/3vKCmvD
▪ Balance Sheet Template:
https://bit.ly/3dd14MP
▪ Cash Flow Statement Template:
https://bit.ly/2QyZxsN
▪ How To File And Pay Small Business Taxes:
https://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.

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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

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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: https://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.

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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.

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