Financial Series - Part 3 - Financial Statement and Analysis – What Decisions Ca
In Part 3 of this series, we will talk about the financial reports central to running your business: Cash Flow Statement, Profit & Loss Statement, and Balance Sheet. You will understand why those reports are important and how to use them to make more money. Hidden in those financial statements are hints to improving the performance of your business. We will discover how to uncover those hints using "analysis" in the form of financial metrics (aka financial ratios). More importantly you will learn what questions to ask and what metrics to use to get the answers. To that end - you will have the knowledge to make more money.
Pete Denholm is the managing director of Supporting Strategies | Northeast Florida, one the largest outsourced bookkeeping firms on the First Coast. Pete brings his clients into the 21st century by transitioning them into the cloud reducing their bookkeeping labor by up to 50%. He is a business management consultant with over 20 years of experience in operations and financial management. While working for KPMG, PwC, Grant Thornton, and Fortune 50 companies, he specialized in helping organizations improve their financial and business operations. He found the work so rewarding that he launched Supporting Strategies