Jennifer, Here Are Your Articles for Wednesday, June 12, 2019
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Accounting Fun at FoodLab Detroit

 

If you're just hearing of Accounting 101: Back to the Basics, it is an interactively fun approach our COO – Lisa McCarthy – devised to help businesses learn the fundamentals of finances, which are crucial for their success. 

Our team was at it, again, tackling the three questions every business owner needs to have answered: 

1. How much money do I have? 

2. Where can I locate it?

3. How much do I owe in taxes?  

In Accounting 101: Back to the Basics, attendees get an introduction to financial reports used by many, if not most, businesses. From there, our team guides through proper understanding by showing how reporting periods work – using the standard accounting cycle; and what happens during each of its stages. We even make the mundane accounting terminology fun! Participants are quizzed; given a crossword puzzle; and engage in different group activities built around the many subjects covered. 

Last month, an OUT OF THE BOX TECHNOLOGY team held the presentation for FoodLab Detroit. Here are some photos taken of debits and credits “getting married”. See, we said this is an interactive way to learn accounting! On the far left is Sureah Holcombe, OUT OF THE BOX TECHNOLOGY bookkeeper and on the far right is OUT OF THE BOX TECHNOLOGY QuickBooks consultant Deion Stromenger who led the presentation. 

 

            

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



Ask us about doing Accounting 101: Back to the Basics for your group. It's really a fun, and highly informative and interactive presentation on financial fundamentals. CPA firms - as a "thank you" to clients, invite them to your office, provide refreshments and have them learn about accounting. Or, if you prefer, have a “lunch and learn” for your accounting team. Email Ellen@ootbtechnology.com for details. 

 

 

 

 
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Our firm provides the information in this e-newsletter for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided "as is," with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.
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