Accounting is the language of business. The owners of many SMB manufacturers do not fully understand this language and therefore they defer to Bookkeepers and Tax Accounts for Financial reporting matters.
Fortunately, you don’t have to become an Accountant to become literate in the Financial Statements that are produced for your company by your Accountant/Bookkeeper.
In this webinar, we are going to de-mystify Financial statements. We will briefly discuss the Profit & Loss Statement, the Balance Sheet and the Sources and Uses Statement (for cash flow). Then we will discuss how they are generated and how roughly 4-5 financial ratios are all that you need to interpret them.
While we will only be touching on about 20% of the Finance and Accounting discipline, we will be touching on the 80% of what you need to know to allow your business to “talk” to you. Whether you are targeting growth or targeting an exit, finance for non-financial managers should be your first step.