Starting a business, for the first time, is a process full of various "unknowns." Naturally banking and accounting structure are major initial assignments, and often quite daunting, when they really shouldn't be.
This course will review various practices for setting up your first bank accounts, covering matters such as what documentation is required to create a corporate bank account, how many checking accounts you'll want/need, how many savings accounts you'll want/need, why overdraft protection, how to send wires, accessing online banking and bill pay, maintaining a general ledger, basic chart of accounts and more.
I'd like to spend 30-40 minutes as a group discussing these issues via an agenda I've prepared for the class, and then five-minute one-off meetings with each student to listen to the nuances of their business and advise more personally how I'd setup banking and accounting for the entity if it were my own company.
Note, this course will be the first of a series dedicated to essentials for starting a business.