Cash Flow, Checkbooks & Profits

Date(s) - 08/19/2014
2:00 pm - 4:00 pm

Centerville Seminar Center

Many small business owners use their checkbook as their only financial tool and let their accountant set up their Profit & Loss Statement to make it easy to do your tax return. Well-run companies use their P&L as a powerful tool for understanding and measuring their daily operation, not their checkbook. Learn what your P&L can actually tell you, why this is important for your success and how to set yours up to work for you.

In this seminar you will learn:

• The critical differences between your checkbook, P&L and cash flow.
• Why it is important to set up your Profit & Loss Statement as an operating statement
• How to use an operational P&L
• What your prime margin and gross margin should tell you and why it is important to know.
• How to set up your P&L to provide margin information by lines of business
• Where you should place various income and expense categories
• How to measure your success throughout the year
Seminar lead by Tom Stocker, Managing Director, Owner’s Edge

Price: $25.00

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