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***