Notes
Slide Show
Outline
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QuickBooks Pro
2006
  • Gabriele Lenga
  • 775-842-2398
  • http://qb.drkbfinance.com
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What is Financial Management?
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Six Ways Financial Management Helps Your Business Succeed
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Information is Power
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Cash Flow:
Money In and Money Out
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Major Account Types
  • Assets
    • Current (cash, inventory, accounts receivable, etc.)
    • Fixed (property, vehicles, machinery, etc.)
  • Liabilities
    • Current (within one year)
    • Long Term
  • Equity
    • Contributed capital: owner’s investment
    • Retained earnings (profits)
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Categorize Your Transactions
With a Chart of Accounts
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Manage Essential Tasks
Practice Sessions
  • Money in
  • Record a sale
  • Invoice a customer
  • Receive a payment
  • Make a deposit
  • Money Out
  • Enter a Bill
  • Pay a Bill
  • Use Credit Card
  • Write Check
  • Pay Employees
  • Reconciliation
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Reports
Understanding Your Business and Decision-Making
  • Use reports as a planning tool
    • Gain insight into your sales
    • Income statement (P&L) shows your profitability
    • Balance sheet shows assets, liabilities and equity
  • Regularly monitor your profitability – and your cash flow