In this series of webinars, Business Coach John Seiffer and CPA, Marina Parkin will explain how your financial numbers can give you critical insight to use in making better management decisions. We'll explain why typical financial reports often don't make sense to non-accountants and what to do for better insight. Our August webinar will cover your Income statement. They are typically set up for accurate taxes. They tell you what you spend money on but not why you spent it. We'll cover some simple tweaks to your chart of accounts that will give you a lot more insight.
2:39 Understanding why your spending money.
5:20 Examining organized profit and loss statement.
15:56 Cashflow statement.
16:58 How often do I need to split my profit and loss items?
18:27 COG increase as business grows.
20:17 Adding details to your reports.
26:23 Thinking of your company in terms of cashflow.