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Management Accounting Workshops for Small Business Owners

PLATTSBURGH, NY __ Are you asking yourself, how does your business make money?  Whose money is in your bank account?  Tracking and accounting for every dollar that comes and goes through your business is essential to business success. 

Rich Gottschall, business advisor at the North Country Small Business Development Center at the State University of New York College at Plattsburgh, will present three workshops on Tuesdays: June 7, 14 and 21 from 9:30 to 11:30 a.m. at OneWorkSource Malone, 158 Finney Blvd., Malone.

Gottschall, who is a certified management accountant and has extensive experience in small business finance, will draw on his expertise to assist owners in managing aspects of small business accounting.

Financial Statement Analysis (June 7) is a primer on managing your business by the numbers. The seminar will help business owners in understanding how their income statement, balance sheet and cash flow statements work together and demonstrate how business policies, activities and events effect financial statements.

Profit Planning (June 14) will offer a financial and managerial overview of the cost structure of your business. Attendees will learn how to classify costs into fixed and variable, direct and overhead and will help to price products and services appropriately while giving insight into securing market share and facing the competition.

Cash Flow Management (June 21) will answer the question: Whose money is in my bank account? This seminar will help the business owner develop tools to better manage cash flows, project cash flows for better management of cash for paying bills to planning on future investment in your business. Attendees will gain insight into deciding on an optimal credit policy and when or if you should extend credit to customers.

The fee to attend is $10 per person per workshop.

The North Country SBDC provides free confidential counseling and management services to new and existing small businesses in Clinton, Essex, Franklin, Hamilton, Warren and northern Washington counties. The SBDC office is part of a statewide program funded in part by the U.S. Small Business Administration and the State of New York.

To register for the workshop, contact OneWorkSource Malone at 518-481-5755. For additional information, visit the North Country SBDC website at http://www.northcountry.nyssbdc.org .

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