FINANCE & ACCOUNTS
Understanding Finance & Accounts Workshop
The financial health of your service today determines its future viability. Our comprehensive workshop breaks down the financial framework of your business, providing insights into financial planning, budgeting, forecasting, and cash flow management. Explore key topics such as taxes, financial reporting, and more.
TRAINING HIGHLIGHT
HSB Finance & Accounts Highlights
Join Finance & Accounts Workshop and lay the foundation for a successful entrepreneurial journey. Uncover the keys to understanding, developing, and growing your business with confidence!
Business Plan, Costs & Targets
Review of business plan
Understanding fixed costs/overheads
Turnover analysis
Margin assessment
Break-even analysis
Cash flow insights
Invoicing
Manual calculation techniques
Utilizing Xero for efficient invoicing
Credit control strategies
Chasing invoices effectively
Use of third-party companies for invoicing
Dedication to prompt and accurate invoicing
Bank Account Management
Efficiently managing your business bank account
Handling accountable transactions
Additional management accounts for taxes
Understanding overdraft and credit facilities
Proper usage of cards
Billing clients systematically
Tax & HMRC
Overview of Corporation Tax, Income Tax, PAYEE, National Insurance, VAT, Self Assessment, Dividends
Payroll
Options for outsourcing payroll
Utilizing Xero with guides and courses
Cash Flow Management
Balancing pay-ins and payouts
Understanding invoice finance
Accounts and Reporting
Bookkeeping essentials
Effective use of Xero
Submission to accountants
Payments
Making payments from your bank account
BACs and CHAPs transactions
Managing petty cash
Accepting card payments (Stripe)
Highlights - Learning Objectives
By the end of this workshop, participants will have a solid understanding of the principles of good financial management in business.
Highlights - Our Training
Learn from industry experts at HSB.
Courses designed to empower you with essential skills for running a successful healthcare, employment, or domiciliary agency.
Discover practical methods for business development, flaw identification, and profitability improvement.
Tailored solutions focusing on specific areas within your business to deliver desired results.
ENROLL TODAY
Interested in This Course?
Book or inquire today to embark on a journey of professional growth. Equip yourself with the tools and knowledge necessary to ensure your business thrives.