Advanced Financial Control Course
Our next Advanced Financial Control Course will be on .
This is a comprehensive 3-day workshop, delivered at Management Success! It is designed to turn you into a "master tech" in money management.
From this workshop you will be able to fully understand financial statements, the difference between cash and profit, and how buying an asset or paying off a liability affects the shop's financial position.
You will find how it can be that financial statements might show profit, while the checkbook shows otherwise.
Graduates of this workshop will be able to have the person who handles money and paperwork for their shop set up an organized, financial department that can readily present the right financial information to the owner, in a simple form.
This enables the owner, to be completely in control of the shop's finances.
You won't have to spend more than an hour a week controlling shop finances and you will be able to work more effectively with your accountant and banker.
And you'll know where the money is, and where it went, giving you a much better position to get more money out of your shop.
Workshop Outline
1. Balance Sheets / Profit & Loss
- Balance Sheets
- Profit & Loss Statements
- Financial Statement Examples
- An Increase in Accounts Receivable
- A Decrease in Accounts Receivable
- Buying an Asset
- Paying a Liability
- An Increase in Inventory
- A Decrease in Inventory
- Monthly Depreciation
- Taxes
- Financial Statements
2. Organizing the Finance Department
- Income Responsibilities
- Cashbox Balancing
- Files
- Disbursement Responsibilities
- Records
3. Controlling the Money
- Company Accounts
- Purchasing
- Ordering and Tracking Parts
- Payroll System
- Handling Bills
- Weekly Financial Planning
- The Procedure for Paying Past Bills
- The Procedure for Paying Almost Current Bills
- Paying Bills Ahead
- Financial Planning
This workshop will help you get CONTROL of your money and be able to KEEP more of it.
Click here to email a Service Advisor or call your Service Advisor at (818) 500-9631 for more information or to sign up!
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