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Organizing the firm's financial system & getting a handle on the numbers is a real challenge for most professionals. However, setting up a system that is practical, and learning how to budget and manage your cash flow are a lot simpler than you think.


 
Course Outline
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.

Prerequisites & Certificates
Pre-Requisites

Certificates offered

Includes detailed workshop manual and refreshments


Cancellation Policy

Map & Reviews
Oomph Group
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This course currently does not have any dates scheduled. Please call 1-877-313-8881 to enquire about future dates or scheduling a private, in house course for your team.

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