![]() ![]() Technology offers new opportunities to those interested in becoming bookkeepers. They are also key in processing payroll and guiding employees in that area when needed. I told her there would be no way to determine if her business was profitable by continuing that way.Īnother student owned a coffee shop and after taking Goodwin’s bookkeeping courses said, “I wish I knew this before I started my business.”īookkeepers are on the ground floor of accounting operations, responsible not only for the entry of transactions into the accounting system, but also for generating reports and forms needed by clients and accountants. ![]() As her instructor, I could not offer professional advice, but I did notice that she was integrating all of her expenses together, business and personal. We were talking one day, and she said she didn’t feel like she was making any money. She and her husband owned two trucks, one driven by him and the other by an employee. Many years ago, a student of mine ran a trucking company out of her house, set up as limited liability company or LLC. Understanding the basics of financial statements, basic financial ratios, and what a bank or investor is looking for can be challenging. The importance of bookkeeping in any business may seem so obvious to most of us that it hardly bears mentioning, but for many small businesses it is an area of enormous struggle. By Mike Rotondo, MBA, Curriculum Coordinator, Goodwin University Accounting Program ![]()
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