Program duration: 13 weeks
Cost: $97.00 full fee or $50.00 concession
Starting a business means the buck starts and stops with you. As any good accountant will tell you, astute financials are the backbone for any business success. Knowing how to make money is one thing, it is another to know when and where to spend money. In this program we will explore the importance of managing cash flow for long term sustainability. Participants will be taught the basics of WAVE, a free online accounting and invoicing program. You will learn the skills you need to set-up and manage the finances of your business effectively and efficiently. This program will set you with the skills necessary to navigate bookkeeping & finance in your business.
This program is offered as a pre-accredited course and is funded by ACFE through Hallam Community Learn Local. The primary purpose of pre-accredited training programs is to provide those who are in business but struggling, new businesses, people who have just started, in business, home-based business, working for a business? Or those looking for employment.
To be eligible you must at least be 18 years of age and have a Green Medicare Card (Permanent Resident or Citizen). Other eligible Visa holders include Visa (sub‐class 444 New Zealand citizen), Temporary Protection visa, East Timorese asylum seeker - Please advise if you hold one of these Visa Categories.
The importance of bookkeeping – different forms of business, problems encountered by business owners, entrepreneurship and business, understanding basic bookkeeping processes.
Understanding money in and money out, understanding income and expenses.
How to keep accounting records – cash book entries, debtors and creditors, single entry and double entry transactions, balance sheets, and operating assets and liabilities
Calculating business profit and loss – ability to calculate income and expenses and profit and loss
Managing accounts, cash and credits / loans
Financial management – financial controls and system, sources of finance, time value of money – present and future, annuities, procurement and evaluation, supplier management and financial planning