Takeaways from the “Small Business Accounting Basics” Workshop

You’re operating your small business 24/7 but need to work on more formally tracking your business’ revenues and expenses.

Last week, the Pace University Small Business Development Center partnered up with CPA, Scott Chichester, to host a presentation that explored the foundation of small business accounting. In addition to clearing up the myths about debits and credits, Scott explained the differences and relation between assets, liabilities, and equity. Participants had great questions every step of the way to help facilitate an open discussion about a variety of transactions and how they can relate to their own respective businesses.

Whether you’re the owner of a successful business operation or simply in the early stages of your startup idea, we here at the Pace SBDC can help you access the one-on-one business counseling, training, and resources you need to achieve your business goals and dreams. Call us at (212) 618-6655 or email us at sbdc@pace.edu to learn more, and to schedule an appointment at no cost to meet with one of our business advisors.


Pace University SBDC

163 William Street, Room 328

New York, NY, 10038   


Office:  (212) 618-6655

Email:  sbdc@pace.edu

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A, C, J, Z, 2, 3, 45 to Fulton St

E to World Trade Center
6 to Brooklyn Bridge


Partnership Program with the SBA, administered by the State University of New York. Funded in part through a Cooperative Agreement with the U.S. Small Business Administration.  All opinions, conclusions or recommendations expressed are those of the author(s) and do not necessarily reflect the views of the SBA. All SBA funded programs are extended to the public on a nondiscriminatory basis.

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