Virtual Accounting Coaching 

Duration – 6 hours on a zoom call, which involves a 2 hour session, over a three day period, at the convenience of the business owner. The client’s business is used as the case study, and challenges with the business (outside of accounting), are also addressed briefly.

Topics to be covered:

1. Accrual Concept

2. The Types of Accounts

3. Inventory Management

4. Accounts Payable Management

5. Accounts Receivable Management

6. Tracking of all Income

7. Computation of Gross Margin/Product

8. Tracking of all Expenses

9. A Loan Repayment Schedule

10. A Capital Contribution Schedule

11. A Fixed Assets Schedule

12. Using the Profit & Loss Account as a Simple Budgeting Tool

13. A Salary Schedule (with Computations of Personal Income Tax and Pension Contribution)

14. Understanding the Workings of the Profit & Loss Account

15. Understanding the Workings of the Balance Sheet

16. Understanding the Workings of the Cash Flow Statement

17. Accounting Ratios and their Significance in Making Business Decisions