WNM 2024 How to do Basic Bookkeeping

Bookkeeping is the process of recording and organizing a business’s financial transactions, and a bookkeeper is a person responsible for that process. Bookkeeping is the primary way business owners can figure out if their business is profitable: keeping an eye on your numbers lets you identify financial challenges early on and address them before they blossom into full-fledged crises. Bookkeeping also helps you identify areas of profit expansion—areas you might not have noticed without clear financial reports you can interpret easily.

Bookkeeping can be an overwhelming and scary task for new business owners, especially if you are not aware of basic bookkeeping terms. Join us on Tuesday, December 3, 2024 from 10:00 am to 11:30 am. In this class we will explore the following basic bookkeeping concepts and terms to get you moving in the right direction:

• Keeping Track of Your Business
• Accounts Payable/Accounts Receivable
• The Journal
• The General Ledger
• Cash Management
• Assets/Liabilities

Reasonable accommodations for persons with disabilities and language assistance services are available for limited English proficient individuals. Please notify Janelle Henry at 505-566-3715 or jhenry@wesst.org when you register for the class, or no later than 24 hours prior to your class, so that WESST can make sure necessary accommodations are available. All programs and services are provided to the public on a nondiscriminatory basis.

The Women's Business Center is funded in part by the U.S. Small Business Administration. All opinions, conclusions or recommendations expressed are those of the author(s) and do not necessarily reflect the views of the SBA.