No-nonsense accounting for startup founders
What you'll learn
- Understand the different between a balance sheet, profit and loss statement and income statement
- Understand how to interpret your profit and loss statements and income statement.
- Understand how to interpret your balance sheet
- Understand differences between UK and US balance sheet layout
- Have an intelligent conversation about your accounts with your accountant or with prospective investors
- No experience required - this course is for everyone who wants to understand small business accounts better. You might already be running a business, or be thinking of starting one.
I have built two businesses from start-up to seven-figure sale. I've met lots of entrepreneurs and start-up founders, and I'm often surprised at how they haven't got their head around some basic accounting concepts. This can end badly for them. Have you ever seen an episode of Dragon’s Den where the entrepreneurs get in a total mess over their numbers? If you want to be relaxed and confident when running through the numbers for your business, then try this course.
I'll explain the difference between a P&L and a Balance Sheet and we’ll look at why both are needed. We will deal with key concepts around balance sheets and P&Ls so you can have an intelligent conversation with your accountant and, even more importantly, with potential investors.
We'll see how a balance sheet is built up, and deal with edge case transactions like pre-payments, accruals, gift vouchers and so on. We'll look through a set of real accounts from Companies House so you know what to look for when reviewing someone else's accounts. We will also briefly look at UK vs US balance sheets, so you can understand the differences and you can present your balance sheet in US format, if you ever need to, without getting confused.
I’m not an accountant, so you won’t get any accounting jargon from me. Everything is explained in straightforward plain English.
(Course image by Yi Liu on Unsplash)
Who this course is for:
- Start-up founders who want a plain English, no-nonsense briefing on key accounting concepts so they feel confident talking to investors and finance people
I built two businesses from start-up to £1m+ sale. I’ve dealt with lots of investors and finance types. I'm good with numbers and I speak plain English.
These days I teach maths and business to high-flying lawyers. I’ve used some of the content from that course to cover accounting basics for start-up founders here on Udemy.