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Accounting Basics Part 5: QuickBooks Bank Reconciliation

Last week's accounting topic was all about entering transactions into QuickBooks, and this week builds on that topic by helping you complete a QuickBooks bank reconciliation. A bank reconciliation is where you take your bank statement for a given account and make sure all transactions are entered into QuickBooks. I will take you through all of the steps you need to do to reconcile your account at … [Read more...]

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Business Formation – Business Plan Template

So you are at the point where you know you want to start a business, you have an idea, and you are wanting to move forward. What next? Today I will review one of the resources I have shared with you in the Tools and Resources section - Score.org'sĀ Business Plan for a Small Business Startup. This is a business plan template that I found immensely helpful in that it poses multiple questions in each … [Read more...]

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Accounting – QuickBooks Review

Ok, the next main topic I want to delve into is quite large and has the potential to get quite complicated. But the goal here is to start at the beginning and give you what you need, from basic to advanced... so today we start at the beginning. Where is the beginning with accounting? Most accountants would say it is learning about double-entry bookkeeping, figuring out what an asset and a … [Read more...]

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The Goal

Back again and want to share with you in greater detail what I would like to do and what "The Sum of Business" will be about. As I said yesterday, my goal is to help people on the journey to personal success as entrepreneurs out there doing what they love and making a living as well. But more specifically, what will this look like? Well tonight I would like to sketch out some ideas that have been … [Read more...]

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