Managerial accounting •How we apply accounting principles to running our business by Harris
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Managerial accounting focuses on applying accounting principles to run a business effectively. It is important for business owners and managers to understand basic accounting concepts like bookkeeping, working with a CPA for auditing and taxes, using a chart of accounts, and performing monthly closeouts that include accruing revenues and costs. Business owners should seek to provide accounting information that is accurate, timely, and relevant for effective decision making.
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Managerial accounting •How we apply accounting principles to running our business by Harris
- 1. Managerial accounting •How we apply accounting principles to running our business
- 5. Know the basics yourself
- 7. Auditing
- 9. Monthly close out routine
- 10. Accruing revenue & cost
- 13. Challenge
Editor's Notes
- Dallin Harris – Skyhook Interactive Honored to be among entrepreneurs who are changing the world Managerial accounting – a case study
- Startup & leadership junkie High performance marketing websites Stats (Since 2008, 15 employees, 500 websites, AZIMA: Best website, PBJ: Best places to work) Building a better Internet Internally - Project-based work - Expensive labor - Very busy doing sales
- Drone pictures
- Process: billing projects, tickets, hosting/retainers Process: collections Process: receipt entry Quarterly check-in with CPA
- Budget meeting
- HTW
- KPI vs. Story Team vs. Individual Conversations
- I could go on forever, but that’s the most important stuff Challenge: build a great company offer to share closeout routine, performance reviews
- I’m around after if you have questions