Do I really need to learn accounting to open my own coffee shop? How am I going to manage the books for my solo plumbing company? Should I hire an accountant to help me run my small business?
If you’re a small business owner — or if you’re thinking about starting your own business — you may have asked yourself these questions before. Often, skills that small business owners bring to their businesses are vastly different than the knowledge and skills needed to learn basic accounting skills.
Accounting Skills for Small Business Owners
Accounting may seem like a foreign concept to you, especially if your business is designed to show off your creative side. Your expertise may be in hairstyling, baking, or wood carving, but learning basic accounting skills is important for all business owners. Even though accounting requires special knowledge and a special skill set, smart business owners from all types of backgrounds should learn basic accounting skills to become more financially-savvy.
Learning basic accounting skills is essential for managing your small business and complying with the law. From keeping employees happy by paying and withholding the accurate amounts from their paychecks, to preparing for tax season and keeping your business afloat, it’s necessary to learn basic accounting skills. That’s why it’s important for you to have some basic accounting knowledge under your belt. Basic accounting skills for small business owners include the ability to track the cash flow of income and expenses, calculate necessary tax payments, manage payroll, and produce financial reports.
Introducing Virgil Whitelaw
The Virgil Whitelaw: Forensic Accountant in Space ebook series we offer will keep you engaged and entertained while you embark on your accounting journey. Virgil will take you on adventures of forensic accounting in space, and his missions will help you learn basic accounting skills to help your small business thrive.
In The Income Statement, Virgil takes you on a 20-minute ebook adventure in learning the goals of accounting, the needs of users, stating an opinion, the risks of ownership, and the revenues, expenses, and income statement.
Later, Virgil takes you on several other 20-minute adventures through topics like assets, liabilities, owners’ equity, and debits and credits. Each adventure includes a quiz at the end to help you know whether or not you learned the basic accounting concepts presented in the material.
Upgrade Your Accounting Skills
As you gain more and more basic accounting skills, you can begin to follow the more advanced adventures of Carl Lucey: Railroad Tycoon in America. As Carl Lucey sets off to make a name for himself in 1800’s America, you’ll learn about intermediate accounting topics like depreciation, amortization, gains and losses, fixed vs. variable costs, and inventory. These topics may seem completely incomprehensible to you now, but once you’ve learned the basic business accounting skills taught by Virgil Whitelaw in space, you’ll be ready to travel with Carl Lucey in early America.
Why suffer through dry and boring accounting courses when you can learn basic accounting skills through fun and informative 20-minute ebooks? Explore Accounting Boot Camp now to start your first Virgil Whitelaw: Forensic Accountant in Space adventure today!