Fundamentals of Financial Documents
This webinar walks through the fundamentals of financial documents, including Income Statements, Cash Flow Statements, and Balance Sheets.
Director of Business Advising, Luis Ramos, of Accion Opportunity Fund walks us through best practices on the fundamentals of financial documents. Ramos emphasizes the importance of good bookkeeping practices. He reviews Profit & Loss Statements, Balance Sheets, and Cash Flow Statements.
What an organized financial management system can do for you
Ramos says that many entrepreneurs and small business owners are so busy running the day-to-day operations of a business that they don’t always have time or bandwidth to work on growing their business. Small business owners who develop the skill set to take a step back and work on their business are better able to meet their business goals.
Implementing an organized financial management system has many benefits:
- Frees up time/ Reduces stress
- Customers pay quicker
- Vendors are paid on time
- Easy financial reporting
- Simplifies taxes
- Informs strategic decisions
- Attracts lenders/investors
Join Ramos to learn about the different types of financial statements, how to complete them, and how to use them in your business!
To contact Luis Ramos for free business advising, please fill out this brief form.