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Financial Management & Accounts for the Small Business

Anner Hotel, Thurles
20th February 2018 and over 4 consecutive Tuesday evenings
6.30pm to 9.30pm
Business Training

This course is designed to give participants a practical knowledge of bookkeeping and accounts for the small business. Trainer: Bridgewater Management

This event is no longer available

Financial Management & Accounts for the Small Business

This course covers the financial information needed by every entrepreneur to manage their business and to communicate their plans and results to outsiders.

The course will present standard financial information templates as recognised by investors, the banks and enterprise support agencies.

The programme is designed for participants who want to learn how to keep proper records. These sessions will be practical and interactive and will provide an introduction to the basics of bookkeeping for the small business owner and will outline suggested approaches to ensuring that small businesses can track and manage costs, revenues and profits.

Workshop Overview

The basic bookkeeping programme will deliver the following programme aims:

  • Books of Prime Entry
  • Profit & Loss Accounts: Sales, Cost of Sales, Gross profit, Expenses and Net Profit
  • Balance Sheet: Founder Investment, Fixed Assets, Current Assets, and Current Liabilities
  • Cash flow Statements and Management
  • Debtors & Creditors
  • Bank Reconciliation
  • How to maintain records
  • Personal expenses, drawings and personal budget
  • Calculation of initial investment
  • Profit & Loss Accounts, Balance Sheets and Cashflow
  • Software for Accounts & Payroll
  • Maintaining records
  • Credit Control
  • Taxation & Financial Control


On completion of this course, the participant will have:

  • An understanding of key accountancy terminology
  • Have a greater appreciation of the importance of establishing proper accounting practices and procedures including the value of dedicating set time each week to maintaining proper records
  • Be able to work with an accountant to manage their business
  • Know the minimum information they need to know in order to be cash positive
  • Be able to use an easy to understand spreadsheet to develop simple annual financial projections as a yardstick against which to ensure that later more sophisticated spreadsheets make sense