If you don't understand your company's finances you don't understand your business.
Your financial reports tell you if your business is healthy or in trouble and if you are meeting your projections or if you need to change directions.
Most small business owners and managers would agree that they all share a fundamental weakness in the difficulty they have in interpreting what their financials are telling them - if they are reviewing them regularly at all.
This three hour workshop will provide business owners, who have limited experience in accounting, with knowledge about the following topics:
● A basic understanding of what the income statement,
balance sheet and statement of cash flows tell you
● How the three reports are linked together
● Why getting accurate and appropriate charts of accounts
set up correctly is crucial
● GIGO - why getting professional help with data input is an
● What some of the key indicators on each report are and why
they are important
● Why an ongoing year over year results review on a monthly
basis is not only important but can be costly if it is NOT done
● The difference between profits and cash flows
● Why monitoring cash flow on a continual basis is necessary
Developing a deeper understanding of your business' financial results will not only lead to increased profitability, it will help you to become a better and more professional manager.
Presenter: James Black - Professor and Chair of Business and Economics at Northern Vermont University - Johnson State
This workshop is presented in cooperation with the Vermont Small Business Development Center.
The cost to attend is $49 and pre-registration is required. Please visit www.vtsbdc.org and click on TRAINING to register and pre-pay on line or email or call Vicki Blanchard at firstname.lastname@example.org , 802-728-9101. For more information call John Mandeville at 888-5640.