badass accounting the basics by liz mason
TRANSCRIPT
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Badass AccountingThe Basics
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Liz Mason
@LizzyNorMa@HighRockCPAs
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What’s a Chart of Accounts (COA) and What’s a Trial Balance (TB) ANSWER: Accounting mumbojumbo!! 1000: Assets 2000: Liabilities 3000: Equity 4000: Revenue 5000: Cost of Goods Sold (COGS) 6000: Expenses 7000: Other Income 8000: Other Expenses (Interest, Depreciation,
Amortization)
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Accrual, Cash and Tax Basis Accounting (Yes, there is a difference, a BIG one)
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SaaS Accounting Systems (What?! They DO exist!)
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Integrations (yes accounting systems can have open APIs!)
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Payroll (the fun, the annoying and the risk of doing it yourself)
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Questions?! (easy ones please, I just brain dumped in 10 minutes…)