Managing Your Cash and Understanding Your Reports
Financial Literacy Series, sponsored by CommunityBank of Texas
Where
Fort Bend County Library - Sugar Land Branch550 Eldridge Rd
Sugar Land, TX 77478
Driving Directions
Contact:
Bill Klingberg
bill.klingberg@scorevolunteer.org
713-487-6565
About Us:
SCORE is an all-volunteer group with real-world business experience, dedicated to your success.Our Mission: Help Small Businesses Succeed.
Our Mantra: We educate, counsel, mentor.
Founded in 1964, SCORE is a non-profit association and a Resource Partner of the U.S. Small Business Administration.
For more details, go to www.houston.score.org
Cash management is the efficient management of cash in a business in order to put the cash to work more quickly and productively in applications that produce income.
Cash flow is the lifeblood of a business and critical for early start ups. Careful cash flow management allows a business to estimate the amount of cash it will have on hand at any one time and evaluate whether a shortfall or surplus could occur.
Small businesses are hugely dependent on their cash flow, and must either cut costs or scramble to find alternative funding when they do not have cash.
Business owners need to have a good understanding of various financial reports to be able to make good and timely decisions to succeed in their business.
Who should attend this workshop?
All entrepreneurs that plan to start a business as well as established business owners
The presentation will explain:
- Why records are necessary.
- How to understand Profit & Loss reports, Balance Sheet, Cash Flow statement.
- How to identify key performance indicators (KPI) and understand how measuring and monitoring them can help succeed in business.
Presented by: Lalitha Raman, SCORE Counselor and Certified Mentor
Lalitha has a PhD. from Michigan State University in Biophysics with over 15 years research experience. She has numerous papers to her credit. She changed careers and received an MS in Accounting from University of
Houston and is a Certified Public Accountant (CPA) with 20+ years in Accounting.
She worked for the City of Houston for 26 years in various departments of Health, Parks and Public Works and Engineering and was in charge of Revenues, Budget, Information Systems and fixed assets.
She was an adjunct professor at the University of Houston teaching Accounting and has been honored by the Business Women of Houston, Federation of Professional Women.