Title: Prepare financial records.
Course: Master Barber II (Two-year Program) (19002-2YII) > Section: Managing the Barbershop

Preparation should include

- keeping accurate records for payroll
- paying bills on time
- keeping record of tips
- completing W2 and W4 forms.

Process/Skill Questions:

- How important is it to establish credit?
- What are the pros and cons of a business credit card?
- What is the importance of keeping accurate payroll records?
- Is it necessary to claim tips on your tax forms? Why, or why not?
- What is a W2 form? W4 form?