Understanding Your Business Finances – A Practical Workshop

You’ll learn how financial requirements differ depending on your business structure, the difference between bookkeeping and accounting, and why good bookkeeping is essential to the health of your business. The workshop demystifies key concepts such as cash flow versus profit, profit and loss accounts, gross and net figures, and understanding income streams and business expenses, including the difference between capital and revenue costs.

We’ll also cover the practicalities: separating business and personal finances, organising and categorising transactions, VAT basics, and setting up a simple, effective record-keeping system. You’ll explore different bookkeeping methods, from paper and spreadsheets to software, and gain clarity on when and how to use bookkeeping and accounting services.

By the end of the session, you’ll have a clearer picture of your business finances, the confidence to keep accurate records, and the knowledge to make better financial decisions.

Know what’s Happening Next — before everyone else does.

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Host or Publisher South of Scotland Enterprise (SOSE)