PAC Bookkeeping Module 1

Part 1 Develop First-Rate Accounting Skills Accounting - An international career of choice The tried and proven accounting system that ensures efficiency, accuracy and integrity The fundamental building block of the accounting process The one accounting rule you should never break How to portray accounts - where they go and why they go there One source of easy money that many retailers never consider, and most accountants don’t know about The single best indicator of a company’s financial strength Part 2 Consult on Key Business Issues The must-know principles of marking down assets The what’s, when’s, where’s, and how’s of depreciation 3 methods of depreciating fixed assets - when and why to use them 2 methods of calculating the allowance for bad debts How to present the business legal structure with confidence The ‘Three Pigs’ approach to starting a business INDIVIDUAL EXERCISE: Practice categorizing over 90 accounts into their appropriate general ledger section Parts 3 & 4 Assemble the Financial The technique that will enable you to navigate the debit/credit maze Mastering the accountants’ troubleshooting tool How the income accounts connect into the balance sheet Developing the financial picture - an introduction to preparing financial statements Gross Profit: What it is, and what it means PRACTICE: Drill...drill...drill - Enter over 100 different transactions into 12 different companies What’s in Module #2? What’s in Module #3? What’s in Module #4? What’s in the Self Employment Package? Frequently Asked Questions Own Your Own Bookkeeping Business

Lawler & Witkowski, CPAs, PC Area of Practice:
Financial Planners | IRS Tax Problem Solutions | Offer in Compromise | IRS Return | IRS Problems
Payroll Taxes | Tax Lien | Wage Levy | Income Tax | Tax Preparation

Serving the State of New York:
Allegany | Cattaraugus | Chautauqua | Erie | Genesee | Niagara | Orleans | Wyoming