One of the things I was most pleased about in my recent business plan is the fact that I finally understood accounting practices. A business owner must wear many hats – including that of an accountant. If a business owner doesn’t understand debits and credits then how does she know if she’s making money? Even if you hire an accountant, it is always wise to understand your own financial situation.
This short Small Business Administration (SBA) video course will give you the fundamentals of accounting. This free course is one of the many resources that the SBA offers – your tax dollars at work – you might as well take advantage. If you complete the program, the SBA will even provide you with a Certificate of Completion that you can hang on your fridge!