Contact: Carla Dorsey
mail@browardscore.org
954.356.7263
Where
Nova Southeastern University
3301 College Ave
Carl de Santis Bldg
Room 1047
Fort Lauderdale, FL 33314
Driving Directions
How To Build Your Budget
This hands-on workshop will give you the fundamentals that you need to build a simple budget for your business.
Don't run a business without a budget to guide you and to help you make critical decisions. Learn how to forecast revenues and estimate your expenses. Putting a budget together isn't hard when you know what to do. Come to this workshop and get the knowledge needed.
What's covered:
- How to get organized to do a budget
- Understanding the data & information you need to pull together
- Picking a method - simple spreadsheet or a commercial product like QuickBooks
- Forecasting Sales
- Estimating Cost of Sales
- Estimating Operating Expenses
- Calculating Profit/Loss
- Forecasting Cash Flows
A good budget will show you what is coming at you. Will some months produce more expenses than revenue? If so, can you do something about it? Maybe you can move payments around. Profits from prior months can be put aside to cover the shortfall months. You might revise payment terms with customers to get a better flow of cash when you need it.
Presenter: Carla Dorsey is a CPA, holds a Masters of Accounting from Nova Southeastern University & a BSBA from Ohio State University. A consultant with the Dorsey Group http://www.thedorseygroup.org.org is a Visiting Professor at DeVry University, and an Instructor at Broward College. She also held the position of Controller at Gribetz International. Ms. Dorsey is a SCORE Volunteer and mentors business men and women in finance, accounting, and general business issues.
Fee: $30 for online pre-registration; $40 at the door.
Please Note: PayPal or credit card accepted with advanced registration. Cash, credit cards or checks accepted at the door.