Overview This intensive workshop will help you understand bookkeeping and financial management concepts. Further, it will assist you in understanding margins, establish financial targets, and control costs. It will help you to understand the accounting process and use that knowledge to improve cost controls and enhance revenue opportunities. Cash vs. accrual accounting Cash flow analysis Break-even analysis Understanding the Balance sheet Profit & Loss statements Attendees will learn the use of developing a budget, developing a statement of cash flows, and developing a cash flow forecast in order to track and project future monthly cash needs, as well as, forward-looking financial projections. Learning Objectives Learn how to present ideas in financial terms for greater impact Understand the fundamentals of finance and accounting Understand cash basis versus accrual basis accounting Calculate breakeven and feasibility Learn…
You probably didn’t grow up dreaming of a career in accounting. But, I promise you if you don’t understand how the numbers work, you’re going to get yourself in trouble. What is the ROI of this project? If I increase my margins, what impact will it have on the bottom line? What is the break-even analysis for adding a new truck? If this all sounds like complicated financial speak, we are here to help. Many small businesses owners struggle because they aren’t comfortable analyzing and tracking their financials – there’s just not enough time in the day and there are too many other things to worry about. Anyone interested in building a stronger business needs to understand and use the information captured in financial statements. Financial Literacy That’s where…
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