Cash Flow & Budgeting
by Lisa Newton
About this course
The course is ideal if you want to improve your finances (both in business or from a personal perspective). The course covers budgeting (how to set a budget and what budgeting is), and cashflow.
We go through a cashflow forecast exercise / example together – inputting the income, the expense and working out the net cash flow. We then calculate the closing bank balance and when we’re likely to need an overdraft. We look at ways in which we can improve upon the cash flow forecast and discuss the implications of not collecting the cash owed to use in a timely manner. We explore the issue of debt and the implications of late payments on a business and what can be done about it. We also look at budgeting – how to set a budget, and the different types of expenses.
The templates provided are all editable and reusable in your own ‘real life’ be it business life or personal life. You are given practical tasks to complete i.e. to maintain a money diary for a week as we want this to be a useful and practical experience.
What are the requirements?
- A basic understanding of excel spreadsheets
What am I going to get from this course?
- Create a cash flow forecast
- Complete a budget
What is the target audience?
- This course is for entrepreneurs, business owners, individuals and bookkeepers who want to be able to create a cashflow forecast and budget
Section 1: Introduction
Section 2: Worked Cashflow Example
Section 3: Improve your cashflow
Section 4: Debt Management
Section 5: Budgeting
Section 6: Conclusion
Lisa Newton BA MSc FMAAT has a masters degree in Investment Management and a first class honours degree in Accounting with Marketing. She formed her first company in 2004 with £150 in the same month of graduating from City University, London UK. Lisa has never had a full time 9 to 5 job in her life. She's a serial entrepreneur and author who holds directorships in various industries including telecoms, software, hair & beauty as well as finance. She has won various awards in Business including: Young Entrepreneur of the Year Award 2007 and in 2008 Enterprising Business Award and has been nominated and shortlisted in numerous others. In 2011 and in 2012 one of her companies won Best Accounting Franchisor Award.
Lisa's books include: How to write a book in two weeks, Constant Cashflow, Make the most of your money, How to start your own bookkeeping business, Cosmic ordering with Vision Boards and Quickbooks Online The Handbook. Some of the books are in audio-format on itunes and audible.
Lisa supports the charity The MS Society. A speaker, coach, consultant and an avid networker, Lisa enjoys meeting people and working on projects with like-minded individuals.
In her spare time, Lisa likes traveling, dancing salsa, writing books, learning languages, meditation and cosmic ordering.