UNDERSTANDING YOUR FINANCIAL STATEMENTS

Accounting and Financial Statements are among the most difficult issues for small business entrepreneurs to understand. We strongly recommend that you register for our workshop entitled “Understanding Financial Statements”.

This workshop illustrates and explains the financial statements, including the Balance Sheet, the Income Statement (also called the Profit & Loss Statement) and the Cash Flow and Funds Flow Statements and how they are developed from an accounting system.

You can also gain a preliminary understanding of these statements by downloading examples of the financial statements from “Download Useful Articles & Spreadsheets”.

Keep in mind that any application for bank or SBA- guaranteed financing will REQUIRE current and projected financial statements, in addition to your own Personal Financial Statement. But more important to you as a business owner is your ability to use these statements to more effectively manage your business!