Accounting Jargon: The Basics
You may know credit from debit and expense from income, but…
- Do you know the difference between cash basis and accrual basis accounting?
- Are you familiar with PPA’s recommended chart of accounts?
- Do you know the best way to track your sales?
- Do you know about standard financial statements?
- Do you understand internal controls?
For a studio and small business owner, answers to these and other questions are critical for the success of your business. In this class, SMS Manager and CPA Bridget Jackson gives you the general understanding of basic accounting principles and terminology that you need for successful financial management.
Your artistic talent keeps money flowing into your studio; let your financial knowledge manage it well!
We value your feedback and want to know how we can improve. Please share your thoughts about the class here.
Duration: 0:31:17 Expand video to full screen for best view.
Bridget Jackson is a Certified Public Accountant and has worked with small businesses for over fifteen years. Bridget enjoys educating thousands of photographers on the business of photography and working one-on-one with hundreds more to help them understand business concepts that can help them achieve their goals. Whether it is greater profitability, a better work/life balance, creating personal financial security, or questions on taxes and bookkeeping, Bridget is an all-in-one resource for studio management. She’s leveraged her expertise by overseeing the 2008 and 2010 Benchmark Surveys, using the data collected to create tools and resources to aid photographers in implementing the results with their own studios.
Bridget has brought a wealth of financial knowledge and experience to PPA, and has quickly become an industry expert on the financial operation of a photography business. Find out why so many photographers say they owe their business’s success to the time they’ve spent with Bridget!