Bookkeeping & Accounting: The Enlightenment

Bookkeeping and accounting is the opaque province of bookkeepers and accountants.

• It is debit and credit concepts that defy gravity.

• It is incomprehensible jargon.

• And, its practitioners are witch doctors appointed to administer relief to the financially disabled in return for money.

But don’t despair, if you can read a nutrition label on a can of beans this presentation is for you!   It’s an hour or so of indispensable clarification of an obscure but essential process.

It’s a discussion about:

•  Gathering and entering data.

• A process of data analysis to help with –

• Regulatory compliance

• Extraction of information

• Financial control

• The structure of financial statements

• Examination of financial statements of two small businesses, one a success, the other a failure.

• Why Cost of Goods data is critical

• Simple but powerful financial ratios

• Relationship to tax returns

• Where to begin and how to get it done.

• Why this stuff is difficult.

• Use of popular small business accounting programs.

• Finding and engaging expert help.

• Use of IRS and NM Tax & Rev information.

• A cautionary overview of NM Gross Receipts Tax

Presenter Bob Hyde:

Desert Accounting LLC, practicing bookkeeping and accounting since 2004

College of Santa Fe: BBA Accounting: 2005

BCE:Many years line management with P&L responsibilities in manufacturing, process control and telecommunications, in the UK and the NE USA.

FatPipe ABQ is a collaborative workspace where entrepreneurs start businesses. Bring your vision to life in a collaborative space, working among like-minded people with whom you can share ideas and resources. Learn more at www.fatpipenm.com.

This is a brown-bag lunch event so bring your own lunch! Soft drinks and water will be provided. This workshop is free – but you do need to register!