[Recording] Understanding Your Business Finances and Performance

Discover the basic financial knowledge and skills you need to manage your business’ finances and make sound decisions to guide your company’s growth:

*Learn how to stay on top of your records and bookkeeping tasks
*Learn how to identify, understand and monitor key numbers for your business, tactics of effective tax strategies

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Learn how your business is performing by having a clear understanding of your financial statements:

*How’s the business doing?
*What does my P&L and balance sheet tell me?
*Where is my cash coming from and going to?

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Learn how to review the profitability of various areas of your business such as individual products or services, different contracts, products etc:

*What’s my most profitable service?
*Who are my most profitable customers?
*How do my profits compare to the industry?
*What’s the trend and forecast in my profits?
*Understanding your revenue/expense ratios
*Setting realistic revenue goals