Understanding Cash Flow, Profits and Budgets

Do you sometimes wonder why your profit and loss statement shows a profit, yet you still struggle to pay bills, tax and wages? Business profit doesn't mean good cash flow and as a business owner it's important to understand the difference between cash flow and profit, as well as knowing how to budget and read essential reports.
This workshop covers:
- 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
- Understanding the difference between cash and profit
This session steps you through creating a budget. If you would like to take part, bring a laptop with Excel installed or you can just watch if you prefer.
***BOOKINGS ARE ESSENTIAL***