Accounting for the numberphobic : a small business survival guide / Dawn Fotopulos.

Format:

Book

Author/Creator:

Fotopulos, Dawn, author.

Language:

English

Subjects (All):

Small business--Management.

Small business.

Small business--Accounting.

Managerial accounting.

Physical Description:

1 online resource (312 p.)

Edition:

1st edition

Place of Publication:

New York, New York : AMACOM, 2015.

Language Note:

English

System Details:

text file

Summary:

Without a working knowledge of their financial statements, small-business owners' have no hope of success. Demystifying a company's financial dashboard (the Net Income Statement, Cash Flow Statement, and Balance Sheet), Accounting for the Numberphobic explains in plain English how each measurement impacts decisions, and reflects the overall health of any business. Readers will discover what the balance sheet reveals about their company's worth; how to identify the break-even point that means a business is self-sustaining; how the Net Income Statement can help grow profits; how to maximize cash

Contents:

Cover; Title; Copyright; Contents; Acknowledgments; Introduction: Why You Need This Book; 1 Your Financial Dashboard: The Net Income Statement, Cash Flow Statement, and Balance Sheet; The Net Income Statement; The Cash Flow Statement; The Balance Sheet; Key Takeaways; 2 The Net Income Statement: The Key to Growing Your Profits; Line Items on Your Net Income Statement; Management Benchmarks; Key Takeaways; 3 Using Your Net Income Statement to Improve Profits: Driving with Your Eyes Open; Driving Profits for Product Businesses; Driving Profits for Service Businesses; Key Takeaways

4 The Breakeven Point: When Your Business Is Truly Self-SustainingWhy the Breakeven Point Matters; How to Discover the Breakeven Point; It Takes Time to Reach the Breakeven Point; Marketing Expenses Can Help or Hinder; Staying At or Above Your Breakeven Point; Key Takeaways; 5 Your Cash Flow Statement Is Speaking: Can You Hear It?; Why Cash Flow Is Important; Net Revenue and Cash Are Not the Same Thing; How the Cash Flow Statement Works; Budgeting Cash the Easy Way; Cash-Burning Traps to Avoid; Key Takeaways; 6 Managing Your Cash Flow: More Is Better; Managing Your Cash Inflow

Managing Your Cash OutflowKey Takeaways; 7 What's Your Company Worth? The Balance Sheet Holds the Secret; What the Balance Sheet Reveals; The Three Sections of the Balance Sheet; Key Takeaways; 8 The Balance Sheet in Action: How to Win Friends and Influence Bankers; What the Balance Sheet Numbers Reveal; How to Improve Your Balance Sheet; How a Bank Evaluates a Business; Duration of a Loan and the Role of Collateral; Eight Myths About Dealing with Banks; Key Takeaways; 9 Putting It All Together: Your Financial Dashboard in Real Time; Basic Business Transactions

Ratios and Percentages Help Find the PatternsKey Takeaways; 10 Numbers Make the Business: An Interview with Norm Brodsky; Inside the Mind of Norm Brodsky; Key Takeaways; Glossary; Index; About the Author

Notes:

Includes index.

Includes bibliographical references and index.

Description based on print version record.

ISBN:

9780814434338

0814434339

OCLC:

885122213