April 22, 2021

 

Dropbox - File management

•  uploading files
• sharing files
• opening/ downloading files

Workspace management - virtual & physical space

• organizing workspace
• personal belongings/ phone
• work computer
  

 

 

Intro to Business Operations

Structure within businesses - Chain of Command

In an organizational structure, “chain of command” refers to a company's hierarchy of reporting relationships – from the bottom to the top of an organization, who must answer to whom. The chain of command not only establishes accountability, it lays out a company’s lines of authority and decision-making power. A proper chain of command ensures that every task, job position and department has one person assuming responsibility for performance.

The reporting relationships are easy to see on an organizational chart, which depicts a company’s structure. Starting at the bottom, each position is connected to one above it by a line. Following the line vertically from position to position reveals the chain of command. Each person is one link in the chain.

- From https://smallbusiness.chron.com/chain-command-organizational-structure-59110.html

  

Common Departments in Businesses

 

Intro to Bookkeeping

Basic Processes - 

AP - Accounts Payable

• enter bills from vendors (people your business needs to pay) - examples?  
• pay bills and write checks
  

AR - Accounts Receivables

•  create invoices for customers - examples? 
• receive payments and deposit checks
  

Reconciliation

• comparing internal records with monthly external statements - examples?

 

Creating Business in Quickbooks

• chart of accounts
  
• creating vendors

Take Aways from Today!