Want to learn more about basic accounting terms and understand the financial underpinnings of running a successful business? Watch Julia’s webinars and short lectures on business basics. These concepts will also help you understand and use our templates for growing your business.
Getting Started with QuickBooks
Review basic accounting concepts that underlie QuickBooks. Go through the basic set-up of QuickBooks including creating a customized Chart of Accounts. Demonstrate basic transactions such entering expenses, creating customer invoices and recording bank deposits. This webinar was produced and funded by The Carrot Project.
QuickBooks: Expenses and Sales
Learn how to pay bills, set up the credit card function, use classes and customer functions, and track and manage inventory. This webinar was produced and funded by The Carrot Project.
Basic Accounting for Farmers Webinar – Part II
Review your financial statements with a managerial eye: What does the Balance Sheet tell me about my business? How can I improve my profitability by reviewing my Profit and Loss Statement? This webinar was produced and funded by The Carrot Project.
Basic Accounting for Farmers Webinar – Part I
This webinar includes an overview of basic financial record keeping and many excellent questions from participants. This webinar was produced and funded by The Carrot Project.
The Farm Financial Calendar
This webinar is designed to give you the tools to stay on track with your financial management during the growing season. We dive into how the farm financial calendar to see how it can help you stay organized with daily, weekly, monthly, and annual tasks. A successful beginning farmer is also on hand to help you adapt the calendar to your farm’s needs and realities and create a personalized financial management calendar for your farm. This webinar is produced by New Entry Sustainable Farming Project and The Carrot Project
The Balance Sheet
The balance sheet is a snapshot in time of what the company has and how it got it: assets, liabilities, and shareholders’ equity.
Cash Flow Statement
Your statement of cash flows tells you where the money is coming and going, from operations, investing, and financing.
The Income Statement
The income statement is a representation of how the business is doing through its natural course of business.
When should you log incoming revenue: when the cash comes in or when you deliver the service?
Breakdown of the Balance Sheet
How to identify assets and liabilities on the balance sheet.
Multi-step Income Statement: In depth
The multi-step income statement is the textbook version of what most people use to record their income. Here, Julia describes how to use three important numbers for identifying your business’s financial health.
How, when and why to track your inventory.
Cash vs. Accrual Accounting
Cash versus accrual accounting: should you log incoming revenue when the cash comes in or when you deliver the service?
Capitalized expenses vs operating expenses: how some expenses increase the value of your assets.
Financial Ratio Analysis and Benchmarking
Using ratios to manage businesses and analyze industries
Allocating the expense of an asset over its life with straight-line and double-declining depreciation