Community Economic Development Fund

Business Financial Workshop Series For Beginners (Franklin)

Must Attend All Dates: Wednesdays & Thursdays 11/1, 11/2, 11/8, 11/9, 11/15, 11/16, 2017

210 Route 32, Franklin, CT


Important Note:  We are in the process of updating our payment system. Please press the REGISTRATION button and complete the form, but then send a check for the $249 tuition to the CEDF office, Attn: Education. We will confirm your registration upon receipt of your check by email. Credit card payment is currently not available.

This six-night workshop will teach you to understand and take ownership of the financial management of your business. Even if you employ an outside bookkeeper, you will benefit from understanding the process, so every business owner can gain important lessons from this course.

In this class you will learn good record keeping procedures and best business practices. You will learn the three most important financial reports and understand what they say about your business. Learn how to set up your business in QuickBooks. If you complete the course you will receive a free copy of QuickBooks Pro Desktop (PC or Mac). But please note that this course is taught on the PC version. There are some differences in the user interface on a Mac. Sorry, no discount in the tuition if you already own QB software. While our lending department often urges applicants to prepare themselves with this course, attendance does no guarantee approval of a CEDF loan.

Course outline is as follows:

Understanding Finance - Night #1

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

Understanding Finances - Night #2

  • Understanding Financial Reports
  • Income (Profit & Loss) Statement
  • Balance Sheet
  • Cash Flow Statement
  • Financial Projections
  • QuickBooks and Its Features
  • Chart of Accounts
  • Best 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?

Please give us a call toll-free at 888-835-2333 or contact us online