Understanding cash flow, profits and budgets

Many business owners have never created a budget and struggle when it comes to understanding essential business reports. Without these skills, it can be hard to plan for growth and profit. This workshop will provide an overview to essential business reports and step you through creating a budget.

We will also explore the reasons why business owners struggle with cash flow, even when (on paper) they are making a profit.

Topics covered include:

• an overview of the chart of accounts
• an explanation of profit and loss, and balance sheet reports
• how to create a budget
• how to compare budget vs actuals
• understand the difference between cash and profit

This workshop is for:

• anyone new to business or whose business is ready to launch
• business owners wanting to plan for growth or change.