Accounting and Record Keeping

Control your business by being organized.

It is widely accepted that accounting is an essential area of business administration to control and report the financial health of the business. A business with outdated accounting and disorganized record keeping is highly probable to fall into administrative chaos and ultimate failure.

Over 50% of new businesses fail within their first 5 years of inception. Other than not being able to generate enough sales, one of the major reason of business failures are the bad business decisions, i.e., decisions which are not consistent with the financial realities of the business and the market. Such failed businesses either lack a proper accounting and a reporting system, OR, they lack the expertise to interpret the financial information for good decision making purposes.

Help your business succeed.

As entrepreneurs, managers, and business owners, you have to make frequent important business decisions which significantly affect the future of your business. These decisions are related to a variety of areas, i.e., financing, acquiring equipment, hiring, leasing office space, approaching a new customer, introducing a new product, etc. Any decision that you make today will significantly affect the future success of your business.

If you want your business to succeed in the long term, you should invest in the effort to implement a complete and a comprehensive accounting system for your business to monitor its financial health.  Such an accounting system should efficiently record all financial transactions, retain relevant business documents in an organized manner, and timely report the financial health of your business, so that you can maintain and guide the strategic direction of your business in a financially consistent manner.

How can we help you.

We offer workshops to help entrepreneurs, managers, and business owners learn the knowledge and the skills to make the right decisions in making their business successful.  The workshop covers a wide arrange of topics in accounting, reporting, and record keeping. After the workshop, you should be able to analyze and diagnose your accounting needs, be able to do your own basic bookkeeping, and be able to organize your business records in an efficient manner.  This session is two hour long and filled with active participation from the attendees. Seats are limited to a maximum of 10 people from at least 5 different businesses.

What should you expect from this workshop.

Our goal is to empower you with the essential business knowledge and the skills to help you make the right decisions for business success.

After the workshop, you will be able to

  • Diagnose your business’s accounting needs.
  • Understand the general structure of accounting systems.
  • Recognize the relationship of different accounting data in order to be aware of the effects of mistakes in recording financial transactions.
  • Be able to do your own basic book keeping and retain records in an organized manner
  • Be able to read basic financial statements to make financially consistent business decisions.

Sign up today for the upcoming workshop in Kitchener or Toronto.

 

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