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Understanding Cash Flow, Profits and Budgets

April 14, Thursday | 10:00 am
May 29, Sunday | 12:00 pm
Understand the difference between cash flow and profit, how to interpret essential financial reports and learn how to budget.

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

Do you sometimes wonder why your profit and loss statement shows a profit, yet you still struggle to pay bills, tax and wages? Business profit doesn’t mean good cash flow and as a business owner it’s important to understand the difference between cash flow and profit, as well as knowing how to budget and read essential reports. 

This topic covers

  • An overview of the chart of accounts;
  • An explanation of profit and loss, and balance sheet reports;
  • How to create a budget;
  • How to compare budget vs actuals;
  • Understanding the difference between cash and profit.

This session steps you through creating a budget. If you would like to take part, bring a laptop with Excel installed or you can just watch if you prefer. 

This online workshop will be recorded and made available for those registrants unable to attend the live event. Registrants will be emailed a link to the recording within 24 hours of the live event taking place. You will have a week to watch the video before the link expires.

The facilitator for this topic is Bookwiz, a multi-award winning business advisory firm that has been providing bookkeeping, BAS and payroll services for 20 years. The presenter has extensive experience with MYOB and XERO training, change management/digital transformation consulting and financial literacy training for small business owners and more than 25 years in the financial services industry. 

This session is presented by the SBDC, the only agency in the Western Australian Government dedicated to helping small business. In fact, we’ve been providing practical support to small business owners for more than 30 years.

Important booking information

You are limited to two tickets per booking (you can of course make more than one booking).

We will be emailing you with important information on how to find workshop locations and what you need to bring, if it is a face-to-face event. If you are attending an online workshop, you will receive instructions and a link on how to join, as well as important information to ensure your device is suitable. Therefore, if you are booking for more than one person, please ensure you provide each person’s email address.

To book for larger groups, please contact us on 133 140.

You can cancel your booking up to 24 hours before the workshop starts. Even for free sessions we would appreciate you cancelling if you cannot attend so another small business owner can take your place. For paid sessions, refunds are not available within 24 hours of the scheduled start time.

Additional information for online workshop sessions

Please check your computer’s suitability for online workshops, including its sound quality, browser, internet bandwidth, speed, and video plugins (if required) before the start of the online workshop session. We recommend a camera and microphone capabilities to interact with online workshops.

Our online workshops are live, interactive sessions, similar to the format of our face-to-face sessions. For this reason, there is a limited number of tickets per session so our presenters can adequately interact with, and respond to, attendees. Recordings of these live sessions are not available if you do not attend the live event time.

Additional information for face-to-face workshop sessions

No, you do not need to bring your printed ticket.

We value inclusion for clients requiring disability access and our workshops are delivered in a variety of buildings and locations. If you would like further information about accessing a particular workshop, please use the contact button at the end of this page to send us your query.

Online Workshop
Online Workshop
Western Australia, WA 6000