Accounting basics for small businesses
Wednesday 13 March 2019, 5pm - 6:30pm - K305
Wednesday 13 March 2019
Accounting is an important task for any business, big or small. Having precise and up-to-date records about revenue, expenses, assets and liabilities is crucial not only to comply with statutory obligations, but also to inform decision-making and to assess the financial health of your business.
However, a lot of small business owners and sole traders don’t have enough resources to hire a professional accountant, so they end up managing their accounting at the last minute when the tax return is due, and they find themselves lost in a myriad of documents full of numbers they don’t really understand.
This workshop, delivered by the Advisors of LSBU's Business Solutions Centre, will provide you with the basics of accounting for small businesses, including the difference between the Balance sheet, Income statement and Profit and Loss Accounts. It will also give you information on bookkeeping, record keeping and data analysis.
The workshop is suited for small business owners, sole traders, entrepreneurs and those with little or no previous experience of accounting who would like to better their understanding of accounting and record keeping.
The workshop will be followed by a 1-to-1 “speed consultancy” session where the Advisors will provide you with personalised help and business tips.
This event is part of a series of the Student Enterprise events series at London South Bank University (LSBU).
This event is free to attend and everyone is welcome.
This event counts towards a Certificate in Enterprise*.