Organization and Bank Accounts
In this hour you will learn about…
- Calendar or fiscal year
- Organizing a bookkeeping system
- Personal Banking
- Business Bank Accounts
- Trust Accounts
Contractors don’t start building a house until the blueprints have been drawn up for it. The same should be true for a bookkeeping system. Before any transactions are completed or recorded, a preliminary plan should be worked out and some sort of a filing system organized.
Fortunately, building a record-keeping system doesn’t involve pouring cement that would have to be broken up with a jackhammer if the plan is not structured properly. You can always make changes in a bookkeeping system if it does not suit your personal needs or the needs of the business ...