21 Jun,2014

Financials for Small Business

Posted By : Admin

0 0

17

Financials for Small Business

 

The discussion is open on any one of the following topics with our small business management trainers. Please contact us on contact@LearnCorp.com.au for a discussion of these topics.

 

Balance Sheet and Profit & Loss Statement

 

  • Importance of balance sheet
  • How balance sheet and profit & loss statement work
  • Using the balance sheet and the P&L to decide on business purchases

 

 

Cash Flow

 

  • Cash flow is vital for small business
  • Cash flow means “cash in” and “cash out”
  • As your experience in business increases you are able to more accurately forecast cash flow

 

Accounts Payable and Receivable

 

  • Accounts payable and accounts receivable are liabilities and assets, respectively
  • Pay attention to the accounts receivable component of your books and shorten time

 

Financing

 

  • Financing can be obtained from banks, venture capital firms and other seed capital firms
  • Certain small grants are available from government especially for exports

 

Depreciation:

 

  • The concept of depreciation
  • How depreciation impacts your business

 

Record Keeping:

 

  • Maintaining records as a matter of good business practice



Comments for Welcome to LearnCorp Training.

    No Records Found !

Your comment for Welcome to LearnCorp Training