Are your business finances your biggest business headache? Feel lost when reading your financial reports?
Finance Essentials is a program of five, fortnightly sessions for you to explore and dig deep into the often baffling world of small business finances. Program facilitator, Tracey Edwardes of Business Station will lift the financial veil (and destroy the mystery) as she guides you through the finance basics; understanding various financial reports, establishing sound systems and processes, budgeting and forecasting as well as knowing your obligations to the ATO as a small business owner.
Finance Essentials will increase your knowledge in business financials that will help you to lead your business with confidence. You will be able make informed and timely financial decisions that best serve you and your business.
Over the five sessions topics covered but not limited to include:
∙ Exploring your mindset to finance
∙ Understanding record keeping – what records you need to keep
∙ Exploring systems and processes for efficient booking practice
∙ Xero versus MYOB – find out which is best for you
∙ Superannuation and the ATO – your obligations
∙ Find out the difference between contractors and employees
∙ Payroll basics all business owners should know
∙ Profit and Loss Review
∙ Balance Sheet Review
∙ Profit and Loss and Balance Interaction
∙ Costings, Margins and Mark-ups
∙ Setup and Reporting
∙ Compliance and Data Entry
∙ Understanding the principles
∙ Key Steps
∙ Reporting Foundations
∙ Setting up Budgets in Xero and MYOB
Each session will involve an accountability aspect to check in, assess progress, answer questions and identify any issues arising. This will then be followed by delivery of content. Live coaching will be a significant part of the learning experience with an ongoing action plan created for participants to guide and track their own learning. Additional support will be provided between fortnightly sessions via email.
Tracey Edwardes, Corporate Services Manager and Finance Advisor – Business Station, is passionate about empowering business owners around understanding the numbers in their business.
Recognising the need for a systemised training program specifically for business owners, she has moved from educating business owners one by one as part of managing their bookkeeping to developing training workshops and a systemised coaching process.
Tracey has a Bachelor of Education and is a highly regarding Certificate IV (Financial Services) trainer; as well as a registered BAS agent, a Practicing Member of the Institute of Certified Bookkeepers and a member of the Australian Bookkeepers Network.
∙ Tuesday 18 July 12:30pm – 5pm
∙ Tuesday 1 August 12:30pm – 5pm
∙ Tuesday 15 August 12:30pm – 5pm
∙ Tuesday 29 August 12:30pm – 5pm
∙ Tuesday 12 September 12:30pm – 5pm