Record Keeping for Small Businesses

Welcome to Record Keeping for Small Businesses, a Money Smart course developed jointly by the Federal Deposit Insurance Corporation (FDIC) and the U.S. Small Business Administration (SBA).

This class will help you understand the benefits a small business derives from proper record keeping and identify best practices, tools, and resources for your organization.

Time: 8:00 am – 9:30 am

Date: Wednesday, March 22, 2023

Location: 5415 Evergreen Way, Everett, WA 98203

Cost: Free; Coffee and Donuts Provided

Classes are hosted by Katy Woods, Coastal Community Bank Branch Manager, and Certified Coach. Katy joined Coastal as the Monroe and Sultan Branch Manager in 2013, and works with businesses from all stages including startup, growth, and sale or succession. She received her professional Leadership and Growth coaching certifications in 2015. Space is limited!

Learning Objectives

After completing this class, you will be able to:

• Explain the concept of record keeping and its importance to small businesses.
• Identify record-keeping practices, rules, and tools commonly available to small businesses.
• Explain how record-keeping practices, rules, and tools work.
• Identify benefits a small business derives from proper record keeping.
• Explain record-keeping basics for a small business.
• Identify software products available for small business record keeping.

Agenda

• Keeping Good Records
• Legal Compliance
• Record Retention
• Common Record-Keeping Tools
• Business Software