Most people would believe they do not need this training module. Why? Well most people do not understand the purpose and function of accounting. Mainly because it has been reduced down to tasks that people believe any untrained individual can perform. Or some rich person that does not have a clue says one thing they saw their accountant do and they realize they can make money from bad accounting advice. Since education and understanding in my field is promoted as financial management people think accountants are a fancy name for bookkeeper or the tax preparer hired off the street. Even those that hold a "CPA" they are still call financial managers and financial managers chase money an accountant is works with business management and stewardship. Accounting is about managing and multiplying what you have with what you have. We do not chase money. You can visit my post about the difference between accountants and financial management on my blogs.
What is accounting implementation? Just as the term sounds, we implement accounting or the accounting process into your business as in accounting past and current transactions for analyzing, visualizing, planning, strategizing, and then taking action (implementing).
All my training guides/courses are based on the inspiration of the Spirit of YAH. I do not nor will I ever sell Bible scripts and versus, you can find that freely given on crushingfear.net. My being, my actions, my life, my spiritual seat of knowing as in my heart and spirit are living fully the teachings (spirit) of YAH. Business is rooted in personal growth from the spirit of YAH for firm foundations for the people of YAH! HAYA YAH!
Why Accounting Matters
Accounting is more than bookkeeping and annual tax preparation. Accounting is a defense and stewardship for our actions. Transactions are income and spending for providing services and products to clients. The goal is to create and provide fair and profitable revenue streams. Business building over the years has been extremely stressful and most people for some reason expect to fail. Because they have the expectation of failure they will walk into the business with habits from the pass that we need to stop. The definition of insanity is doing the same things over and over and expecting a different outcome.
Most people do not understand how to properly record transactions and use accounting processes because it is more than bookkeeping. Strangely I have met people that think the bank transactions are sufficient and I am here to tell it is not enough detail for proper record keeping. Bookkeeping is the process of recording all business transactions into one place. Bookkeeping is a record of activities or tracking and hence the name bookkeeping.
Accounting however uses bookkeeping to help you (1) maximize your income potential, (2) product and service development and streamlining, (3) business process optimization, (4) inventory maximization and management, (5) budget, (6) planning, (7) manage taxes to keep them low and under control, (8) assist with meeting compliance aspects for all business owners.
Most people would believe they do not need this training module. Why? Well most people do not understand the purpose and function of accounting. Mainly because it has been reduced down and confused with other jobs such as data entry operators. Since education and understanding in my field is promoted as financial management people think accountants are a fancy name for bookkeeper or the tax preparer hired off the street. Even those that hold a "CPA" they are still call financial managers. You can visit my post about the difference between accountants and financial management on a blog that I will soon post.
I know people think accounting is an easy import and updated in a day or so by a professional. Being a professional does not eliminate the need for accounting and business routines. Accountants behind the scenes work countless hours that they hate because people refuse to implement front in processes that will create the bookkeeping files. Gone are the days when we had to add things into the system after the fact. Only those that do not know how to implement front end process are afraid of losing business to software and so they still promote the poor habits of after the fact reporting. I have learned and I know that daily accounting process cycles create a file that is faster to update. Updates are much better than "recreating." Also it creates a platform for business management. Yes, accountants are business managers working along side you as a co-pilot but most people talk to the accountant after it is done. Unreasonable expectations that I will no longer support.
Properly Tracking Owners Investment
Properly tracking owners investment is a problem. People miss on tax credits and deductions because people are unsure of how to track owners investment. Also if you are saving income that is good but how does that work for a flow through entity? What is a flow through entity. We will cover this in this course.
When should we payout profits? If so, how do we reinvest do we use debt? Am I taxed on all profit so I should strive for a loss? We will cover these questions and more in this course.
Misunderstanding the Difference Between Employees and Contractors
Although, I have touched on this topic on my blogs I will go more in depth in the course to help you see the comparison in your numbers. Many people love the prestige of saying, "I have employees", but the cost of an employee may not fit with your business budget or vision.
How to Properly Handle and Manage Sales and Revenue
Many business owners believe they understand their sales and pricing and how it all relates. However, I have watched people struggle month to month even with a high volume of sales. Why? We will cover this topic in detail.
Managing Banking and Distribution
Managing business operations goes hand in hand with managing income and spending falling in the realm of accounting and stewardship. Managing money can often feel overwhelming and many times people fall behind and experience those dreaded bank overdraft fees. We will cover how to balance this out and make it a process you look forward to handling.
Misunderstanding Tax Types and Your Taxes
Most people do not understand that there are different tax types. I have met people that believe that if they are exempt from income taxes that exempts them from payroll taxes. Also if someone is except from sales and use tax they do not have to play income taxes or payroll taxes. What are the differences. An exemption from one tax type does not exempt us from all tax types. We will cover this process and the common tax types.
We will work together to pull all this information together to create a system to get you started with accounting and stewardship. You will also receive a training on business formation that you can use over and over again with multiple businesses.
Are you ready to get started creating productive business cycles that create a profitable, upright, and sustainable AND profitable businesses?
You will receive professional accounting and tax advice from an experienced and trained accounting, Yaschica Michelle Coard. Click the button above so we can determine if this is a good fit.
More lessons to come because I love how I can continue to updated and evolve my course for the latest information at no additional cost to you.
The course is $275.00 plus tax for $296.04 and very reasonably priced considering this would normally cost you $3000 plus for this Information. You can purchase this course by lesson for $50.00 plus tax for $53.63 for each lesson. The lessons are released once payment is received and fully processed. You will receive assess to 21 learning videos (videos are for examples and illustration for training purposes only). You will also receive a quiz with each lesson and collaborative worksheets while you work through the course.
You will also receive a coupon for $75.00 off of the pricing course when you take this course.
If you are interested in purchasing this course or if you would like to know if the course is a good fit complete the following questionnaire.