If your company's financial information is recorded incorrectly, your financial statements will be wrong. And if your financial statements are wrong, then so too will be your business decisions. And if your business decisions are wrong? Well, your business could join the 96% of businesses that fail after ten years after taking too long to correct ill-fated marketing decisions or react to overspending. A CPA and business owner, Michael Allen helps business owners and their bookkeepers like you attain a basic understanding of how to prepare accurate and timely financial statements without formal education and training. And most importantly, you can learn what the financial information is telling you about your business. You'll learn:
Why your cash balance doesn't necessarily equal your net profit
How to record your business transactions
How to close your books and prepare financial statements
How to interpret the meaning of your financial statement numbers
About key performance indicators to measure the success of your business
Where your cash is coming from and where it's going
How to prepare budgets and cash forecasts and take control of your business
You'll also gain access to some very powerful resources such as reports to analyze the financial health of your business compared to your competitors and worksheets to define and track your goals (you do have goals don't you?). Turn your financial garbage into a treasure trove of information to ensure that your business succeeds!