Learn basic bookkeeping knowledge so you can: Understand basic accounting terminology; Identify the differences between the cash and accrual accounting methods; Keep track of your business by becoming familiar with accounts payable and receivables; Use a journal and general ledger to document business financials; Utilize the balance sheet; Identify different types of financial statements; Understand the payroll process and employer responsibilities; Uncover the reasons for and actually create a budget; and become familiar with internal and external auditing.

Listen as a financial professional from Merchants Commercial Bank explains the basics you should know about accounting.

Presenters include MCB President Valdamier Collens and MCB Chief Financial Officer Anette Williams.