Financial Statements

In order to effectively run your business, you need to understand your financial statements.  Do you have enough cash to operate?  Are you selling products at the appropriate price?  Is your business profitable?  What can you change to improve profitability?

To answer these questions, you need to analyze and understand your financial statements and in particular your cash flow.  Here are blog posts, tips and links to help you do this.
 

Cash Flow and Debt Posts on our Blogs

How Should You Manage Business Cash Flow in Tough Times?

Paying Business Debts You Can't Afford

Stategic Alliance to Help Small Businesses During Challenging Times

Links on Cash Flow and Financial Statements

60 Second Guide to Managing Cash Flow

SBA Links on General Financing and Accounting

The Small Business Owner’s Guide To Financial Control (PDF) 

 

Simple Guide to Your Company’s Financial Statements (PDF)

Financial and Cash Flow Templates

Financial Statement Templates

Cash Flow Template (Excel spreadsheet from Bob Paul)

Taxes

SBA Online Tax Courses

IRS Tax Center (English PDF) (Spanish PDF) 

Tax Tips from the IRS to Start Your Business

MyBizHomepage

As part of the alliance, MyBizHomepage offers SCORE counselors and clients access to its online financial dashboard, and SCORE will be embedded into the dashboard and named as the exclusive provider of counseling services to the MyBizHomepage member community.

MyBizhomepage (www.mybizhomepage.com) is a free, Web-based financial dashboard designed specifically for entrepreneurs and small businesses that gives them a comprehensive view of their business-critical financial information in real time and in plain English. For small business owners and entrepreneurs, MyBizhomepage offers a secure resource that synchronizes with their QuickBooks software and enables them to make informed decisions about their own business.

Really Great Workshops on Financials, Quickbooks and Accounting 

Financials: Master Cash Flows
and Profits  
Monthly

Bob Paul, Presenter

Improve business results by effective use of financial tools for forward planning and analysis. This workshop covers cash flow (as different from an income statement) and break-even analysis to help you achieve financial success in your business. Attendees will have access to a cash-flow template in Excel format, which they can customize.

Quickbooks Advanced
May 7, 2010

This is a more advanced Quickbooks workshop. It is intended for users who have taken our Quickbooks Basic or someone who considers themselves a sophisticated user. Course content includes instruction in customizing forms, use various accounts, creating reports and tax management functions.

Tom Redler, Presenter

Accounting, Taxes and Risk Management: Track and Protect Your Assets
Monthly

This workshop shows you how accounting statements like an income statement and balance sheet can help you understand and manage your business. It also covers the basics of federal, state and local taxes and the importance of good record keeping. Finally, it gives you an introduction to evaluating business risks and insuring against them.

Counseling to Understand your Financials

Talk to a Free Volunteer Counselor Like John Costello About Your Financing Needs

Sign up for Free Confidential Counseling at a Location Near You