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Getting to grips with the finances from Martin Aitken & Co

Martin Aitken & Co, Caledonia House, 89 Seaward Street, Glasgow G41 1HJ.
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Martin Aitken & Co, Glasgow

September 19, 9:00am-11:00am

(Registration & refreshments from 8.30am)

Good financial management will help your enterprise to become more profitable - it is one of the most important aspects of running a successful business. But many Directors and managers often struggle to get to grips with the books, finances and taxes.

This session has been designed to give directors and managers from social enterprises the understanding they need to: improve their financial knowledge and confidence; make more effective decisions; and to know which bits of the business are working (and profitable) and which bits are not (and making losses) and to develop corrective actions to get back on track.

What the session will cover

  • Understanding the role and differences between the key financial statements (year-end), management accounts (ongoing) and setting up KPIs.
  • Improving your awareness and understanding of the key financial metrics in the business and how to measure and report on these metrics.
  • Measures to improve and monitor working capital and cashflow.
  • Establishing and implementing key financial systems, controls and procedures in the business.
  • Setting up management reporting – what should be included in the weekly, monthly and quarterly MI director packs and assessing performance and returns: budget vs actual.
  • Business taxes, allowances, reliefs and planning opportunities.

Who should attend?

Directors, trustees and financial managers from social enterprise: start-ups, early stage and social enterprises looking to take their business to the next level.

Session hosts

Martin Aitken & Co work with pre-start, start-up, early stage and rapidly growing companies, charities and social enterprises. Our work involves helping the enterprise to get up and running, commercialise their business idea(s) and run and manage the enterprise on a sustainable basis.

Working with the team at Glasgow Business Gateway we provide directors, owner-managers, trustees and finance managers with advice on accounting, finances, raising funding, taxes, business planning and advising directors on the best financial choices to make at each stage of growth.

Presenters: Mark McRae Director and Duncan MacCaig, Associate DirectorMap, location and contact:

https://www.maco.co.uk/contact-us.html

Registration

Send an email to: megan.houston@maco.co.uk to book your place

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