Community Economic Development Fund

Business Financial Workshop Series For Beginners (Waterbury)

6/6, 6/7, 6/13, 6/14, 6/20, 6/21, 2017

Belle Academy, 27 S. Common Road, Waterbury, CT


This 6-night course will teach you to get it, understand it and take ownership of the financial management of your business. From the benefits to the practical understanding of finances and the recording of your business transactions in QuickBooks you will be able to manage your business with a birds eye view anytime. Every business owner should take this course.

In this class you will learn the financial cycle and the benefits of financial management, good record keeping and good business practices. You will learn the 4 most important financial reports and understand what they say about your business and you will know how to set your business up in the popular software QuickBooks. You will be given a free copy of QuickBooks Pro for your business. There is no discount offered in the price of the workshop should you already have software. Attending this workshop does no guarantee approval of a CEDF loan.

Course outline is as follows:

Understanding Finances - Night #1 - we will cover the following information

  • Business Cycle
  • Five Most Important Financial Areas for All Businesses
  • Benefits of Financial Management
  • Good Record Keeping
  • Understanding The Financial Language
  • What & Why Is Accounting Important To My Business
  • Different Methods of Accounting

Understanding Finances - Night #2

  • Understand Financial Reports
  • Profit & Loss Statement
  • Balance Sheet
  • Cash Flow Statement & Projections
  • QuickBooks and It's Features
  • Chart of Accounts
  • Good Business Practices

 Quickbooks Pro for Beginners - Night #3

  • Course overview
  • Setting up a new business
  • QuickBooks vocabulary, help files and tutorials
  • Basic Navigation in QuickBooks
  • Getting acquainted with Sample Files

Quickbooks Pro For Beginners - Night #4

  • Introduction to lists
  • Chart of Accounts
  • Setting up Balance Sheet accounts
  • Customer and Vendor centers
  • Customize Forms
  • Enter and pay a simple bill

Quickbooks Pro For Beginners - Night #5

  • Items
  • Setting up sales taxes
  • Recording use taxes
  • Sales cycle using QuickBooks screens
  • Sales cycle impact on the Income Statement
  • Using estimates and purchase orders

Quickbooks Pro For Beginners - Night #6

  • Paying sales taxes
  • Reconciling balance sheet accounts
  • Time tracking and payroll overview (sample file)
  • Using reports
  • Customize/export reports
  • Back up and restoring files

Not sure which loan or educational service meets your need?

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