Nicole Bendig-Lamb & Nicole Anderson – The Baking Professional’s Guide to Financial Statements
In this course, baking professionals will gain a clear overall understanding of the importance of good bookkeeping & accounting practices, with a specific focus on the baking industry. Whether you are a brick & mortar bakery with employees, or a solopreneur operating from a home studio, it is equally important to understand your numbers and how they appear on the main financial statements.
Your Instructor
Nicole Bendig-Lamb
A former Accountant and now full time Cake Designer & Lead Instructor, Nicole has been creating stunning cake designs for 25 years.
After utilizing the online course curriculum founded and formerly owned by Rebekah Allan, Nicole was able to quit her “day job” to pursue her dream of cake design full time with her cake business, Snarky Sweet Cake Chick, LLC.
Her passion for sharing her skills and knowledge has led her to become the new Owner of Cake Business School, LLC dba Angel Foods.Nicole is also a former Food Network competitor (Sugar Dome, Season 1 Episode 4).
You can see Nicole’s designs at her cake business website:www.snarkysweetcakechick.com
Nicole Anderson
Nicole is passionate about helping you EXCEL your P&L.
She has worked in diverse corporate accounting roles for 25+ years, including time spent at Janus Capital and Western Union.
Today, she uses her corporate knowledge and Bachelor’s Degree in Accounting to support entrepreneurs through QuickBooks Online or simple streamlined spreadsheets in Excel. Most importantly, Nicole’s goal is to make sure YOU feel CONFIDENT with your accounting processes and procedures.For more information please visit her website:www.excellent-bookkeeping.com
Course Curriculum
The Baking Professional’s Guide to Financial Statements
Welcome
Introduction: Make sure to watch both videos from the instructors! (4:40)
About the instructors
Disclaimer
Accounting & Bookkeeping Basics
Brief History of Accounting
The Accounting Equation & The Main Financial Statements (3:40)
Important Accounting Terminology
Understanding the Financial Statements
The Balance Sheet (2:10)
Income Statement aka Profit & Loss Statement (3:41)
Statement of Cash Flows (2:11)
Accounting Specifics for Baking Businesses
Cost of Goods Sold (COGS) (10:57)
Profit First Method for Baking Businesses (13:05)
Software Options for Accounting & Bookkeeping
Quickbooks Online (8:02)
Excel Spreadsheets
Bake Diary (9:35)
Conclusion
Closing Thoughts
BONUS Video!
Full Demo Video of Bake Diary: Cloud-based Bakery Software (40:47)
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