Summer Financial Workshops

This summer, take control of your finances with these four hour-long classes designed to give you the knowledge and tools you need to push your business to the next level. All are free but registration is required.

Quickbooks Basics

Monday, May 15 9am – 10am

This free educational workshop will help small and medium-sized businesses better manage their business finances and keep more accurate accounting records using QuickBooks. Tim Moran will show you how Quickbooks performs many of your routine accounting tasks in an automated way, and allows you to pay bills on time, collect money earned and run reports to see how your company is performing. He’ll discuss:
  • setting up customers and vendors
  • reconciling bank accounts
  • tracking credit card transactions
  • paying bills
  • reading financial statements.
Having the QuickBooks software on your computer is not required. Beginners are welcome and no question is too basic. Instructor:  Tim Moran, CPA


Understanding Financial Statements, And Why You Should

Monday, June 5 9-10am

Financial statements are the report card for your business and give a small or medium-sized business owner a fuller understanding of how much money there is, how much debt is owed, the income coming in each month and the expenses going out the door. Topics we’ll cover include:
  • the balance sheet
  • the income statement
  • gross profit vs net profit
  • accrual vs cash basis
Bring your questions to this introductory, interactive workshop. Instructor:  Tim Moran, CPA


Using Financial Statements to Help Manage Your Business

Monday, June 26 9-10am

Business owners need to be able to analyze financial statements for a variety of reasons: to identify major changes or trends, to assess past performance and current position, , and how their firm is performing compared to others in the same industry.  We’ll cover how to:
  • determine increases or decreases in income, profits and expenses
  • calculate financial ratios and profitability ratios
  • decide whether to issue stock or secure a bank loan to increase working capital
  • equity vs debt financing
  • how to benchmark your business performance
We recommend taking the Understanding Financial Statements first, or have a solid understanding of your financial balance sheet, income statement, and cash flows. Instructor:  Tim Moran, CPA


Managing Cash Flow

Monday, July 17 9-10am

Cash is the lifeblood of a business, the fuel that keeps the engine running, and cash flow problems can be one of the leading causes of small and medium-sized business failure. Cash flow and profit are two different animals, and when you’re running a business, you need to keep track of both. We’ll look at three key elements of cash flow: accounts receivable (what customers and clients owe you), accounts payable (what you owe your suppliers) and shortfalls. Smart cash flow management strategies you’ll learn include:
  • how to determine your break-even point
  • determining necessary cash reserves
  • planning for taxes
  • paying debt
  • creating reserves to recapitalize your business
Questions are welcome and encouraged in this workshop for small and medium-sized businesses of all types. Instructor:  Tim Moran, CPA