Badass AccountingThe Basics

Liz Mason

@LizzyNorMa@HighRockCPAs

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)

Accrual, Cash and Tax Basis Accounting (Yes, there is a difference, a BIG one)

SaaS Accounting Systems (What?! They DO exist!)

Integrations (yes accounting systems can have open APIs!)

Payroll (the fun, the annoying and the risk of doing it yourself)

Questions?! (easy ones please, I just brain dumped in 10 minutes…)

liz@highrockaccounting.com