Most people in the event industry turn their finances and books over to someone else, whether it’s a bookkeeper, accountant or adviser. Yet without being able to read, understand and interpret your company’s financial statements, that’s like driving a car without knowing how to read the instruments on your dashboard. In this class we’ll review all the components that go into your company’s books, including a detailed walk-through of the key financial statements every business should be using to measure their fiscal health.
Filmed on location at Sentry Centers Midtown East.
- Learn how to read and interpret a Profit & Loss Statement & a Balance Sheet.
- Understand the difference between Accrual & Cash based accounting methods and create a chart of accounts.
- Discuss a variety of tips for budgeting and cost management in running your business.
- Understand the importance of cash flow and how to properly track it.
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