1. Funding provided by USDA’s Office of Partnerships and Public Engagement
Outreach Education and Technical Assistance for Beginning, Small, Socially Disadvantaged, and Veteran Farmers
Dr. Saima Bashir, Project Director
Dr. Erick Kitenge, Co-Project Director
Dr. Fidelis Ikem, Co-Project Director
Mrs. JoAnn Danik, Project Administrator
College of Business
Mr. Paul Salchak
Veteran Owned Business (VOB), Ohio

2. What is Bookkeeping?
Bookkeeping is the fact of keeping records on Financial and non- financial activities related to an organization (e.g. a Farm, a Store, a House, etc.)

3. Why Bookkeeping is important?

4. Implement of a Bookkeeping System
Understand Basic Accounting
Develop systems for Tracking your activities (Financial and non- Financial)
Track and Measure your Progress
Plan for growth and profit

5. Example of an Activities Tracking System

6. Example of an Activity Tracking System…
The information reported in the table can be used for:
Cash flow statement
Income Statement
Balance Sheet
Pricing decisions
Budgeting decisions
Forecasting decisions
Tax filing
Loan or grant applications
Etc.

7. Potential Links for further Assistance:
U. S. Small Business Administration: