More than 300,000 accountants have left the profession in the last five years. The experienced bookkeepers and controllers who used to pass down foundational knowledge are retiring, and the people stepping into those roles (or the business owners now responsible for understanding the books) are left without it.
The result?
Messy charts of accounts, inconsistent transaction coding, and financial statements that nobody trusts enough to make decisions from. In this session, two of Rea’s accounting advisors break down the fundamentals that every business owner and finance team member needs to get right, starting with the terms, the statements, and the habits that keep your books accurate and useful.
Avoid common mistakes that put your business at risk by learning the accounting basics every leader should know.
What You’ll Learn:
- The short-list of accounting terms that actually matter
- How to read your 2 core financial statements
- Cash vs. accrual: why your accounting method matters
- Organizing your chart of accounts to avoid costly mistakes
- The one monthly habit that prevents year-end surprises
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