Understanding Business Financials | Online

Please note: this event is run by the Small Business Development Corporation for small business owners in Western Australia only.

It is essential to be able to understand the financial health of your business, without relying solely on your accountant. 

This workshop will show you how to develop ‘snapshot’ measures (key performance indicators) of your business progress to make sure it stays on track. It will also provide you with a good understanding of your financial essentials so that you will know the right questions to ask your accountant.

This topic covers:

• How to read a profit and loss statement

• Knowing the difference between margin and mark-up

• Understanding a balance sheet

• Tracking key performance indicators

• Knowing your net cash position

• The importance of managing cash flow

This session is for This is an entry level workshop for people with little or no understanding of business financials. It will also be useful for business owners who want to be better equipped to spot financial problems or areas of concern.

Our foundation workshops are presented by SBDC business advisers and local small business owners. These presenters have been selected for their vast experience and expertise in this subject area.

Important booking information

If this is your first workshop with us or you have any queries, check out our Online Workshops Guide & FAQs or get in touch with us at workshops@smallbusiness.wa.gov.au.

Bookings are limited to two tickets each, however you can make more than one booking. If you are booking for more than one person, please provide each person's email address so they receive important links and downloads.

To book for larger groups, please contact us on 133 140 or email workshops@smallbusiness.wa.gov.au

Please cancel your booking if you cannot attend, so your place can be made available to another business owner. To cancel, click Manage order on your order confirmation email. Cancellations and refunds for paid workshops can be made up to 24 hours before the workshop starts.

Additional information for workshops

We are committed to supporting all WA small business owners, including those with diverse needs. Our workshops are delivered in a variety of buildings, locations and formats. If you would like further information about accessing a particular workshop, please email workshops@smallbusiness.wa.gov.au or call 133 140.