Key Take Away:
This EBIT/ EBITDA training program webinar will help you understand the terms, format, and key performance indicators of Profit and Loss statements.
If you don’t prepare your own Profit & Loss Statement, you may not understand what yours are trying to communicate about your business’ financial performance.
Many of the business owners and senior executives I’ve worked with over the past 10 years came to me with stacks of reports they never even looked at because none of it made any sense to them!
Why Should You Attend:
Understanding your P&L’s is vital to small business because it also serves as the Income Statement. Whether it’s time to apply for business credit or a loan, or time to sell your business, you’ll need to bring your P&L’s for going back 2 to 3 years.
Areas Covered In This Webinar:
Critical elements of a Profit & Loss
What are Revenue, Sales, and Profit and when do I use these numbers?
Profit & Loss as an Income Statement
Operating Expenses, EBIT, EBITDA
Where are the losses? - How to tell if you’re spending more or earning less
More Revenue is not growth – How do I tell the difference?
Understand the meaning and differences of various terms found on a Profit and Loss Statement.
Revenue, Sales, Valuation
Costs, Expenses, EBIT
Gross Profit, Operating Profit, Net Profit
Know when each set of numbers should be reviewed, what they can tell you, and in which areas of your reports external Business Partners will be interested
Review different types Profit & Loss Statements, including a QuickBooks Profit & Loss standard layout and as a complex, multi-fund example
Discussion of periodic reports over time and how to analyze growth or loss within your business or department by comparing progressive reports, including suggestions for areas in which to look for typical problems and simple solutions
Learn how your Chart of Accounts affects various lines of your Income Statement
Questions to ask yourself and your accountant when reviewing your Profit & Loss Statement and what the answers mean
Who Will Benefit:
CEOs/ COOs/ Company Owners
Small Business Owners
Entrepreneurs/ Sole Proprietors/ Self-Employed Professionals
Grant Managers and Fund Directors
Business Management Professionals
Deborah Wolfe worked in management for the State of Florida for more than 8 years and as an Accountant in the private sector for 7 years. In 2013, sick of red tape and inefficiency, she began consulting to be able to truly help people. She empowers individuals and builds confidence through education, originality, and authenticity. 'Debbie Magic' makes success easy by creating common sense solutions and eliminating nonsense!
For more detail please click on this below link:
Toll Free: +1- 844-414-1400