Getting Your Edtech Financials and Chart of Accounts Right

Date: October 10, 2017
Facilitator(s): John Anderson, CPA, CISA, CISM, CGEIT, CITP, HUBCFO

Unless you are launching an edtech product that is focused on accounting, it’s highly likely that you have something to learn about what it means to create and maintain a solid Chart of Accounts (CoA). Even as a more seasoned edtech entrepreneur, whether you are providing a product or a service – its important to make sure you are being consistent in your approach, especially if your organization is expanding or you need to know what the real financials are for a potential investment.

In this session, participants will:

  • Explore what assets, liabilities, revenues, and expenses – and their sub-items – should be included in a CoA
  • Discuss the six basic types of accounts
  • Examine what a proper balance sheet and income statement may look like
  • outline the order items in your CoA should be placed in
  • Identify best practices for maintaining your CoA over time
  • Evaluate the drivers which influence your Chart of Accounts