Know Your Numbers Class

Overview

In our Know Your Numbers Course, you will learn how to set up and update an accounting system for your business, how to process financial transactions, and how to track the financial health of your business by generating meaningful reports. The course is 6-weeks long and is suited for entrepreneurs looking to organize their financial information in a systematic way to make informed business decisions.

What You Will Learn

Unit	Topics Covered
Demystifying Accounting	Discuss money mindset and emotional barriers to tracking finances Gain an understanding of the importance of knowing your numbers Learn the basics of accounting for small businesses and startups
Building an Accounting System	Learn how a well-designed accounting system can benefit your business Learn how to create a chart of accounts to record and track financial transactions Design and create your business’ chart of accounts
Recording Your Numbers	Learn how to set up your chart of accounts in an accounting system Learn how to record financial transactions through journal entries in your accounting system Begin to set up your accounting system, including your chart of accounts and first journal entries
Reconciling Your Numbers	Learn how to set up your chart of accounts in an accounting system Learn how to record financial transactions through journal entries in your accounting system Begin to set up your accounting system, including your chart of accounts and first journal entries
Making Sense of the Numbers	Gain an understanding of the types of financial statement and how to read them Learn how create financial reports that are relevant to your business and help you make you make decisions specific to your business Use financial data to develop monthly key performance indicators and reports
Looking Ahead as You Scale	Learn how to keep your accounting system going Learn how to use your accounting system to measure your financial performance and make informed business decisions Gain an understanding of when to get help with your accounting and how to get the support you need

Prerequisites

Must be making sales to customers or have letters of intent for sales to potential customers, have a basic website and social media for your business, and have an up-to-date business plan.

Commit to Building Your Business

Average time commitment for our Know Your Numbers Course is 8 hours / week dedicated to building your business, and includes the following weekly activities:

Title	Weekly  Activity	Weekly Commitment
Background Materials	Series of required background readings and videos on each unit to be completed online prior to the weekly workshop sessions Describes concepts and their applications in developing a business	1-2 hours / week
Workshops	Weekly workshop sessions led by an expert instructor Lecture and discussion on background materials, group activities, and reflection	2 hours / week
Business Development Activities	Weekly activities focused on your business development Apply concepts learned in background materials and workshops	3-4 hours / week
Peer Mentoring	Weekly video conference with small peer group of other entrepreneurs in your course Present weekly business development activities and receive constructive feedback from peers	1 hour / week

Meet Your Mentors

Apply for Our Entrepreneur Academy

To take our Know Your Numbers Course, you must be enrolled in our Entrepreneur Academy.

Our Entrepreneur Academy is a year-long entrepreneurship certificate program to support small business owners in creating plans, improving operations, accessing capital, and developing leadership capabilities to build resilient businesses with social impact.

Learn More About Our Entrepreneur Academy

Apply for Our Entrepreneur Academy