Review from Tuesday
Dropbox - File management
- saving files
- uploading files
- sharing files
- opening/ downloading files
Down Time
- Empowering your learning - using your resources
- Tracking your projects/ tasks - keeping lists/ questions
Word / Business Letter
Finish "welcome" letter from Tuesday. Share with Liz on Dropbox.
*** BREAK - Healthy snack with Kayla
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
*** LUNCH! ***
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
*** BREAK - Office Stretch with Andrea
Take Aways from Today!
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