Tools for Business

Money Matters - Full Course

$159.95

Description

Money Matters

The Money Matters series covers the monthly review that every business owner should be conducting to make sure your business is staying on track financially. This process will help to identify issues when they come up and allow you to make changes before they become a real problem.  Each lesson will cover the following objectives:

Lesson 1 - Foundations of the Financial Review (30 minutes)

  • Understand the importance of conducting a monthly financial review
  • Learn what documents need to be reviewed and who should be involved in the process
  • Understand the difference between cash flow versus accounting

Lesson 2 - Profit and Loss Statement (30 minutes)

  • Understand how to read a profit and loss statement
  • Identify potential audit triggers
  • Learn the importance of adjusting your profit and loss for cash flow

Lesson 3 - The Balance Sheet (30 minutes)

  • Understand the 3 components of the Balance Sheet
  • Learn how to read your Balance Sheet
  • Calculate 2 types of health checks

Lesson 4 - Payables & Receivables (15 minutes)

  • Learn how to read your Payables and Receivables reports
  • Understand the importance of communication in payables and receivables
  • Understand the time value of money

Lesson 5 - Hill & Valley, Debt Reduction, and Profit Sharing (25 minutes)

  • Understand the critical importance of the Hill & Valley account
  • Learn how to fund the Hill & Valley account
  • Create a profit sharing plan for your team
  • Learn how to repay debt without going broke

Lesson 6 - Tying it all together (40 minutes)

  • Learn how to create your own monthly review
  • Spot problems that need to be corrected within your company
  • Understand how the various reports relate to each other

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Description

Money Matters

The Money Matters series covers the monthly review that every business owner should be conducting to make sure your business is staying on track financially. This process will help to identify issues when they come up and allow you to make changes before they become a real problem.  Each lesson will cover the following objectives:

Lesson 1 - Foundations of the Financial Review (30 minutes)

  • Understand the importance of conducting a monthly financial review
  • Learn what documents need to be reviewed and who should be involved in the process
  • Understand the difference between cash flow versus accounting

Lesson 2 - Profit and Loss Statement (30 minutes)

  • Understand how to read a profit and loss statement
  • Identify potential audit triggers
  • Learn the importance of adjusting your profit and loss for cash flow

Lesson 3 - The Balance Sheet (30 minutes)

  • Understand the 3 components of the Balance Sheet
  • Learn how to read your Balance Sheet
  • Calculate 2 types of health checks

Lesson 4 - Payables & Receivables (15 minutes)

  • Learn how to read your Payables and Receivables reports
  • Understand the importance of communication in payables and receivables
  • Understand the time value of money

Lesson 5 - Hill & Valley, Debt Reduction, and Profit Sharing (25 minutes)

  • Understand the critical importance of the Hill & Valley account
  • Learn how to fund the Hill & Valley account
  • Create a profit sharing plan for your team
  • Learn how to repay debt without going broke

Lesson 6 - Tying it all together (40 minutes)

  • Learn how to create your own monthly review
  • Spot problems that need to be corrected within your company
  • Understand how the various reports relate to each other

Reviews

There are no reviews yet.

Be the first to review “Money Matters – Full Course”

Your email address will not be published. Required fields are marked *

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