Financials for Small Business

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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