Udemy

Accounting for Small Businesses & Side Hustles

Leveraging the power of accounting to drive business success
Free tutorial
Rating: 4.9 out of 5 (73 ratings)
3,789 students
1hr 41min of on-demand video
English
English

Learn basics of accounting
Understand the key components of your business accounting
Make proper use of accounting information
Gain insights into the process of developing financial statements and financial forecasts
Comprehend the relationship between bookkeeping and tax planning
Make data-driven business and financial decisions

Requirements

  • Ideally intermediate Excel user. If not, no problem. I will make it easy to follow.

Description

This course provides business owners, self-employed individuals, freelancers, and gig workers an introduction to the basics of accounting and bookkeeping. This course is designed to help you develop an understanding of key parts of your business accounting and provide you with actionable knowledge to have intelligent conversations with your accountant. Ultimately, by completing this course, you will be able to better understand your business performance, read and understand financial statements, and understand the process of developing your business financial forecast.

By the end of this course you will have learned:

  • Basics of accounting

  • Understand the key components of your business accounting

  • Break down of balance sheet, income statement, and statement of cash flow

  • Make proper use of accounting information

  • Gain insights into the process of developing financial statements and financial forecasts

  • Comprehend the relationship between bookkeeping and tax planning

  • Make data-driven business and financial decisions

Also, on a higher level, we will explore the value of some of the performance reports such as accounts payable and accounts receivable aging schedules, cash reports, depreciation schedules, as well as some of the key controls for small businesses.

I use a demo company, Excel, and QuickBooks Online to illustrate accounting concepts in the real world. I hope you have as much fun learning through this course as I had creating it.

What this course is NOT:

A substitute for seeking professional help or individual professional advice. Students must not rely on the lesson in this course as professional advice. This course is purely designed and must be used as an educational tool ONLY.

Who this course is for:

  • Small Business owners, self-employed individuals, freelancers, and gig workers with little or no accounting knowledge and or experience making less than $500,000 in revenues
  • Anyone interested in how accounting works outside of textbooks/college (no prior accounting experience is needed).

Instructor

Entrepreneur | CPA | Small Business Trusted Advisor
Luntadila Paulo, CPA, MBA
  • 4.2 Instructor Rating
  • 442 Reviews
  • 5,692 Students
  • 4 Courses

Luntadila Paulo, an immigrant from Angola, is a pan-African, global citizen, and entrepreneur. He founded Yeto Accounting and Tax PLLC in 2019 to help small business owners minimize their tax burden legally and ethically while assisting them in building their net worth. Since then, Paulo has helped hundreds of taxpayers save money on taxes, gain confidence with their finances, start a journey to build wealth, and lead a life free of fear of the IRS.

Paulo’s professional experience also includes consulting, accounting and assurance, fund administration, and investment banking. Paulo had financial reporting responsibility for more than 12 funds with a combined asset under management (AUM) above $5 billion, managed deal flow totaling over $90 million in capital raising efforts, and oversaw M&A transactions with more than $100 million in enterprise value.

He has an MBA from Eastern Illinois University and a bachelor's degree in accounting from Michigan State University. Paulo is a Certified Public Accountant (CPA), and he has Series 79 and 63 accreditations. Paulo is a member of the American Institute of Certified Public Accountants (AICPA), and the Michigan Association of CPAs.

In his free time, Paulo enjoys creating educational content (Udemy Courses), cooking, and playing soccer.

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