Small Business Bookkeeping Project
Project scope
Categories
Accounting Data analysis Financial modelingSkills
financial statements financial analysis bookkeepingThe main goal of this project is to create a bookkeeping system for Quadratic Sound that will help them keep track of their finances and manage their budget. This will involve several different steps for the students, including:
- Setting up a bookkeeping system
- Tracking all income and expenses
- Creating financial reports
- Analyzing financial data and making recommendations
By the end of the project, students should demonstrate:
- Understanding of bookkeeping principles and practices.
- Ability to set up a bookkeeping system.
- Ability to track income and expenses.
- Ability to create financial reports.
- Ability to analyze financial data and make recommendations.
Final deliverables should include:
- A bookkeeping system set up for Quadratic Sound.
- Financial reports for Quadratic Sound.
- Recommendations for Quadratic Sound based on financial data analysis.
Students will receive regular 1-on-1 meeting time with a supervisor to get clarity on the Company's vision and mission, as well as key business and operating information that will critical to completing any grant applications. The student will also receive feedback on their copy-writing from their supervisor, as well as the wider team. The student can expect weekly synchronous checkins, as well as quick async feedback over Discord.
About the company
Our mission is to provide low-barrier services and resources to the music community of Victoria. We strive towards our mission through studio rentals, audio/video recording, and live events.