Accounting 101 for Small Business Owners - Streaming
RegisterMardochee Louis EA
11:00am - 01:00pm MT
12:00pm - 02:00pm CT
01:00pm - 03:00pm ET
This course provides small business owners and tax professionals with a practical introduction to accounting fundamentals and financial management systems (FMS). Participants will gain an understanding of how accounting systems track, organize, and report financial activity to support informed business and tax decisions. The course covers the core financial reports used in business operations, including the Income Statement, Balance Sheet, Cash Flow Statement, General Ledger, Trial Balance, Accounts Receivable Aging, and Accounts Payable Aging reports. Participants will also learn the importance of a properly structured Chart of Accounts and how clean financial data supports compliance, cash flow management, profitability analysis, and long-term business growth. Additional topics include financial visibility, automation, efficiency, lender readiness, and the role of accounting systems in supporting tax planning and financial reporting. Real-world examples and practical applications will be discussed throughout the course to simplify accounting concepts for business owners and advisors.
- Define the purpose and components of a Financial Management System (FMS).
- Identify and explain the key financial reports used in small business accounting and tax operations.
- Understand the role of the Chart of Accounts in maintaining accurate financial reporting.
- Interpret basic financial information related to profitability, liquidity, accounts receivable, and accounts payable.
- Recognize the importance of accurate bookkeeping and financial reporting for tax compliance and business decision-making.
- Explain how automation and accounting software improve efficiency and reduce financial reporting errors.
- Utilize financial reporting systems to support cash flow management, lender readiness, and long-term business growth
Official Registry Statement:
The National Society of Tax Professionals is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
CTEC Disclosure Statement:
The National Society of Tax Professionals has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual "continuing education" requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, by phone toll-free at (877) 850-2832, or on the Internet at www.ctec.org.
Administration Streaming:
Effective upon registration confirmation, the following policies apply:
- No Refunds or Transfers: Due to the proprietary nature of NSTP course materials, all webinar and live-streaming course registrations are non-refundable, non-cancelable, and non-transferable to another NSTP course.
- Executive Member No-Show Policy: Executive Members who register but do not attend will be charged the full course price.
- Registration Requirements: Each participant must register using their own name and email address. Use of a different email at login may result in CE credits not being reported.
- Access Policy: Access links are unique to the registered email address and cannot be shared or used by another participant. Forwarded links will not function properly.
Streaming Disclaimer
- Streaming materials and Streaming presentations are intended to stimulate thought and discussion and to provide attendees useful ideas and guidance in the areas of federal taxation and administration. These materials as well as the comments of the instructors do not constitute and should not be treated as tax advice regarding the use of any tax procedure, tax planning technique, device or suggestion, or any of the tax consequences associated with them.
- Although the NSTP has made every effort to ensure the accuracy of the materials and the seminar presentation, neither the author, the presenter nor the National Society of Tax Professionals assumes any responsibility for any individual’s reliance on the written or oral information presented during the presentation. Each attendee should verify independently all statements made in the materials, and during the seminar presentation, before applying them to a particular fact pattern and should determine independently the tax and other consequences of using any device, technique, or suggestion before recommending the same to a client or implementing the same on behalf of a client, or on the attendee’s own behalf.
- Course materials & presentations are protected under copyright law. Any unauthorized copying, resale, distribution, or use beyond personal use is prohibited and will be prosecuted to the fullest extent of the law.
Attendance Monitoring and Awarding CE
- Streaming courses employ a pop-up tool for tracking attendance. NASBA guidelines require engagement with three popups per hour to qualify for continuing education (CE) credits. Several additional pop ups will be added to ensure all participants have the opportunity to earn the full CE credits available. CE credits cannot be earned by participating in the streaming course via phone only.
Don't see your event link?
- Please allow up to 48 hours for course access links to be generated. Links are sent via BigMarker. If you do not receive your link, check your spam or junk folder before contacting NSTP.
Course Canceled by NSTP
- NSTP reserves the right to cancel any program or course for circumstances that are not under direct control of NSTP. If a course or program is canceled, participants will be refunded 100% of their registration fee.
To resolve issues
- If you have any questions or need assistance with your course registration, please contact the NSTP office at taxes@nstp.org or call (360) 695-8309.
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