Understanding Your Numbers – Getting Ahead Financially in 2023
Understanding Your Numbers – Getting Ahead Financially in 2023
Donegal Women in Business Network are delighted to collaborate with Donegal ETB to bring you a course specifically designed with small business in mind. “Understanding your Numbers” is targeted toward sole traders who want to manage their business better by helping you understand your accounts and the story they tell you. No prior knowledge of accounting is required, as this programme will take you through the basics.
At the end of the course, you’ll be able to understand how to use these figures to make key business decisions. This course is suitable for those who have already started a business, or are planning to set one up in the near future.
Join us for a fully subsidised course that runs each Tuesday morning over 3 weeks (February 14th – February, 28th). The first session will be in-person, held in Letterkenny from 10am – 12pm. The remaining two sessions will be delivered online.
Session 1: 14/02/2023|10am – 12pm
Location Address: Letterkenny (TBC)
- Registration
- Sole Trader, Limited Company or Partnership – which is for you?
- Bookkeeping and understanding your numbers
- How do I minimise my tax liability and what expenses can I claim?
- How do I make sure I am compliant with revenue?
- When do I register for VAT? (rates and thresholds)
- How to fund the growth of a business
- Q&A
Session 2: 21/02/2023|10am – 12pm
Online
- This workshop will provide you with the practical knowledge you need to cost your product/service, determine breakeven point, and price products/services while ensuring that you remain profitable. By the end of this workshop, you will be able to identify the cause of significant changes in product costs and know how to track them over time.
- Q&A
Session 3:28/02/2023|10am – 12pm
Online
- Understanding Financial Statements
- Introduction to Financial terms – what is a P&L and balance sheet – how to read them
- Management Accounts, Budget, and cash flows
- The importance of cash flow – the difference between profit and cash
- Do I need an accountant and what should you expect from yours?
- Presentation from ETB about add-on accredited courses in Business Planning
The course will be delivered by Larissa Feeney, the Founder and CEO of Accountant Online, Ireland’s largest online accountancy firm, providing compliance, payroll, bookkeeping, and company secretarial services to Irish and UK SMEs. The company has employees in its offices in Dublin and Donegal, and remotely throughout Ireland, Northern Ireland, and overseas. Accountant Online has been widely recognised, seeing them selected as winners in the Irish Accountancy Awards 2017, 2018 and 2019, 2020, and 2022. Larissa has also been shortlisted for the Image ‘Businesswoman of the Year Award’ 2017 and 2018, awarded ‘Accountant of the Year’ in 2018 and Letterkenny Chamber Business Person on the Year in 2022.
The cost of the course is fully subsidised by Donegal ETB under Enterprise Engagement
Places are Limited: Places will be initially allocated to existing and new members of the Network. To book your place – contact Caitriona Sinnott on 087 3560999/
caitriona@donegalwomeninbusiness.com or complete the Google form https://forms.gle/6QJZnEm5XKqmv5i29
