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21

Jun,2014

Financials for Small Business

by Admin

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

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