Cash Flow Management
What you'll learn
- Understand why having a cash flow problem is much risker than having a few months of losses in your business
Requirements
- This course has no prerequisites
Description
We have all heard the saying "CASH IS KING." The old time phrase is extremely relevant if you run a small business.
Without sufficient cash flow, a business will most likely fail even if the business has consistent positive monthly net profits.
This class will demonstrate the difference between cash flow and net profit. The class will also provide you with a simple tool that will help you understand and visualize how profit and cash flow work side by side.
Who this course is for:
- This course is for anyone who wants to understand how cash flows through a business. The course demonstrates how a business can pay its monthly bills while at the same time encountering consecutive months of losses. You will also learn how having a cash flow problem is more detrimental to your business than experiencing consecutive monthly losses.
- Anyone who always wondered the difference between earned income and cash flow
Course content
- Preview02:26
- Preview01:20
- Preview04:20
- Preview02:09
- 04:29The Difference Between Gross Profit and Net Income
- 04:00What Is Cash Flow Management?
- 24:23The Cash Flow Worksheet Exercise
- 04:42Hands On Project Review
- 00:24Wrap up
- 1 questionClass Project
Instructor
![Desarie Anderson, CPA, EA](data:image/svg+xml,%3Csvg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 64 64"%3E%3C/svg%3E){kind=avatar}
- 4.5 Instructor Rating
- 84 Reviews
- 1,524 Students
- 5 Courses
I am originally from London, England but currently live in Atlanta, GA with my husband David.
I always joke that I have had the distinct pleasure of using both the left and right side of my brain. I owned and operated a hair salon for over 17 years (Right side), and now I own a small Tax and Accounting practice (Left side). So you can get your hair cut & colored and get your taxes done all in one visit.
I graduated from Georgia State University with a BA in Accounting. I am a Georgia CPA and an IRS Enrolled Agent. I am also a certified QuickBooks online Pro adviser.
In addition to providing small businesses with accounting and tax resolutions services, I am passionate about helping small businesses and independent contractors manage their cash flow. No business can survive without proper cash flow management. I specialized in setting up accounting systems for Nonprofit organizations and helping taxpayers with IRS debt problems and audits.
I am a former employee of the Department of Revenue, and therefore, I have seen first-hand how small businesses suffer due to insufficient cash flow.
During the few hours of the day I am not working; I enjoy working out and watching Netflix.