Advancing Your Account-Ability

Module 3 consists of 4 DVDs

Purpose: To help you set up a complete bookkeeping system, and manage clients from a variety of more sophisticated industries for your new accounting and bookkeeping business. Average time to Complete: 20 Hours

How to effectively handle Flooring — the necessary evil of high-cost retailers
Accounting for creative selling
Understand additional sources of income that dealers have, that earn you profits, whether you are the dealer or the customer

CASE STUDY: Discover how dealerships account for large transactions by completing the accounting for a motorcycle dealership (City Cycle Company)

The very first two things you must do when accounting for a company
Set up an efficient system from 'scratch'
How to establish an organized system that will ensure your value as an accountant
Choosing between the cash and accrual methods
How to set up a hybrid system that will reap the benefits of both methods

CASE STUDY: Convert Sonja's Art and Frame from the cash basis to the accrual basis in 3 easy steps

How to get that iron-clad feeling — without a shadow of a doubt — that your financial's are right
Identifying, customizing, and instituting effective auditing techniques
Learn how to spot and avoid dangerous trends
How to save the company thousands of dollars in auditing costs

6 final adjustments that should be considered at year-end
Resetting the financial score

EXERCISE: Prepare the final adjusting entries and close out the general ledger for a company

How to set up and run an efficient accounting system for the small 'mom and pop' manufacturing company
The simplifying trick to Process Accounting — "SPECs"
How to price manufactured goods