Three Workshop Financial Management Programme:

1.      Basic Book-Keeping for Small Business

2.        Financial Management in Small Business

3.        Costing Your Product or Service

1.         Basic Book-Keeping for the Small Business

Who is it for: This practical workshop will give participants the skills to maintain the financial records in their business.

During the session, participants will learn how to:

• Complete books of first entry: Cashbook, Purchases Book, Sales Book, Cheques Journal
• Reconcile the Bank Account
• Reconcile the Customers and Suppliers Ledgers
• Complete the VAT Return
• Design a simple book-keeping system to suit their own business

2.         Financial Management in the Small Business

Who is it for: This workshop is for business owner/mangers who need to develop financial management strategies in the business.

During the session, participants will learn how to:

• Interpret      the Financial Statements in the business:       Trading and Profit and Loss Accounts, Balance Sheet, Capital      Account, Depreciation Account
• Differentiate      between Sole Trader and Company Accounts
• Analyse      the Balance Sheet, applying ratios
• Develop      a credit control policy in the business
• Establish      an effective debt collection procedure

3.         Costing your product or service

Who is it for: This workshop is for any business owner/manger who needs to develop an effective pricing policy in their business.

During the session, participants will learn how to:

• Differentiate      between variable and fixed costs in their business
• Choose      the most appropriate pricing structure for their business
• Determine      their overheads
• Calculate      their break-even point

Finalise a pricing structure for their business