Accounting Basics For Small Business Owners

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):
▪ Bookkeeping Basics for Small Business Owners:
▪ Cash Flow Statements 101:
▪ The Lazy Person's Guide to Small Business Bookkeeping:

Helpful Resources:
▪ The Big List of Small Business Tax Deductions:
▪ Balance Sheet Template:
▪ Cash Flow Statement Template:
▪ How To File And Pay Small Business Taxes:

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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Join Our Growing Community Of Small Business Owners:

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How Bench can help:

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.

#Accounting #AccountingBasics #SmallBusiness

[ethnetierney]

Turns out this 13min video explains accounting better than my 8 week business startup course. Great job!

[mustafaaydin]

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.

[susantalbot]

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!

[marystephens]

This is best and most accessible learning experience I had on this topic!

[ges]

Wow, she is a talented speaker. Very clear an concise. Thanks!

[victoriagonzalez]

Thank you for being so informative and insightful. I came across your video through my college course while pursuing my BFA in Interior Design.

[kikskiks]

Great video everything here was explained perfectly and after previously not having a clue about accounting, I now have a basic understanding!

[ma.isabelpelpinosas]

Ahhh I love how you make it simple to understand 😍

[josephinebardot]

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.

[juliebarry]

so helpful and you've made this fun to watch. Thank you

[elegantedame]

Thanks so much ma'am. You're such a great teacher, You're beautiful and indeed a master at what you do. Thanks again!

[nhicafae]

Thank you! it's very helpful you made it seems so easy!

[DreamFirms]

Another great content from your channel!

[belindarotich]

I just discovered this channel...come in handy in running my small business thankyou

[wmblemania]

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.

[jamesperry]

💕I may not know as much as an Accountant but after watching this video at least I know some good accounting basics..:::TYSMSM💕

[Artanuka]

Great content and a great way to sell without selling.

[vanessansona]

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

[aryanasmith]

This is a fantastic video. It's clear and easy to understand your explanations. Thank you for providing this information.

[winkyi]

Thank you for teaching
that really helpful a lot