|
|
Budgeting and Cash Flow Management 101
|
Is your firm's financial system organized so you're on top of your billings, have good cash flow, and can keep your hard-earned gains from turning into a loss during the recession?
Organizing the firm's financial system and getting a handle on the numbers is a real challenge for most professionals. However, setting up a system that is practical and user friendly, and learning how to budget and manage your cash flow are a lot simpler than you think.
Learn how to set up a simple and efficient cost-tracking and bookkeeping system and how to prepare a business budget and track your cash-flow in this dynamic, hands-on, four-hour workshop that guides sole practitioners and professionals working in small firms step-by-step through the process of creating a financial management system for their practice.
|
You will learn:
- How to organize all the receipts and invoices you receive
- How to track project costs and time so it's easier and faster to bill
- How to set up the 'Chart of Accounts'
- How to forecast business and client revenues and expenses to create an annual budget
- How to actualize the budget with monthly 'tune-ups'
- How to forecast flows of money in and out of the practice
- How to create a cash flow management system
- How to use the budget and cash flow plan to make strategic business, marketing and project management decisions
- Standard financial management procedures you should carry out monthly, quarterly and annually
- How to teach a bookkeeper, a practice coordinator or an assistant to create and review budgets and cash flow so you can focus on work of higher value
|
Who Should Attend:
- Sole practitioners and practice owners and principals in firms of up to 30 people.
- We recommend practitioners also bring their practice assistant or coordinator to the program.
|
Workshop Directions
- Upon registration in the program, you will receive a template with a list of financial data you need to prepare your budget.
- Bring the completed template to the workshop and we will take you step-by-step through the process of translating your data into an actual workable budget.
|
Workshop Fees
- $250 Cdn +$12.50 GST = $262.50
- Includes detailed workshop manual and refreshments
Please ask us about our group rates
For workshop Terms & Conditions click here
|
Location:
401 Bay Street, Suite 1600, Toronto
Workshop Schedule:
May 2010 - 2:00 p.m. to 6:00 p.m.
|
► Register
|
|
|
“Johanna provided timely advice on establishing my new firm and covered, in one day, issues that would have taken weeks, or even months, to cover on my own.
She provided time and money saving value as I charted into independent practice, the nuts and bolts of which my legal training did not prepare me for. She helped me understand my potential clients and define my services, prepare budgets and learn how to manage cash-flow.
Johanna was particularly helpful in advising on relationships with strategic partners and contractors. I recommend her expertise and service to anyone who is making THE LEAP and needs strategic advice in order to do it in an efficient and effective way.”
Laura Zizzo
Zizzo Climate Law
|
