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Event Details

Enterprising Worcestershire - Managing Money in Your Business

Date:30/10/2019

Time:10:00 - 16:00

Topic:Financial and Business Planning

Contact:Ellie Brown

Email:businessevents@worcestershire.gov.uk

Location:Worcestershire Group Training Association, WR49GN


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Event Information

In order for you to be able to attend this workshop, your business must be:

  • Located in Worcestershire
  • A Small to Medium Sized Enterprise (SME)
  • Trading for less than 5 years
  • Trading minimum 70% Business to Business

This practical course will tell you everything you need to know about your business’s finances and how to keep your figures in the black. It will provide relevant and important tools to help your business grow.
This one day workshop will teach you:
• The terminology used in bookkeeping
• How to set up a simple book keeping system
• How to link book keeping to cash flow forecasts to determine future income requirements and tax liabilities
• What tax and NI you need to pay, and when

 

The course includes practical interactive exercises and will give you the tools you need to translate your new knowledge into a practical and effective bookkeeping system.

 

It will also explain accruals and depreciation,  highlighting why making a profit does not necessarily mean you have cash to spend.  You will be shown a simple cash flow that can help manage your cash balances.  Some analytical tools will be introduced that you can use to help you understand a set of accounts. Finally, we will look at how to cost products and services, ensuring you cover your overheads.

 



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Venue

Worcestershire Group Training Association