{"id":48976,"date":"2021-11-12T03:24:09","date_gmt":"2021-11-12T03:24:09","guid":{"rendered":"https:\/\/e8b3f2ee40.nxcli.net\/?post_type=online_resources&#038;p=48976"},"modified":"2025-04-01T16:57:40","modified_gmt":"2025-04-01T16:57:40","slug":"financial-understanding-for-small-business","status":"publish","type":"online_resources","link":"https:\/\/resources.we-bc.ca\/fr\/online_resources\/financial-understanding-for-small-business\/","title":{"rendered":"Financial Workbook for Small Business"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Improve your financial understanding to make better business decisions!<\/h2>\n\n\n\n<p>One of the keys to your success as a business owner is understanding your financial statements. Your accountant or bookkeeper may prepare your statements but, as key decision-maker, it is paramount that you have the information to make good financial decisions.<\/p>\n\n\n\n<p>The workbook takes you through practical exercises to help you understand basic financial statements. After completing this workbook you will be able to:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Prepare and interpret a cash flow projection, balance sheet, and income statement;<\/li>\n\n\n\n<li>Understand cost of goods sold profit margins; and<\/li>\n\n\n\n<li>Prepare a break-even analysis and understand the difference between sales and profit.<\/li>\n<\/ul>\n\n\n\n<p>There are examples and exercises in the workbook that allow you to practice preparing statements so you can gain the knowledge and skills you need to help you prepare and interpret your own business financial information.<\/p>\n\n\n\n<p>Free for <a href=\"https:\/\/we-bc.ca\/what-we-offer\/financing\/\">WeBC loan<\/a> clients!<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><em><strong>Would you like to feel more in control of your finances? Check out our free On-Demand SMART course, \u201c<a href=\"https:\/\/we-bc.ca\/product\/smart-program-financial-fitness-shape-up-your-business-financials\/\">Financial Fitness: Keep Your Business Financially Healthy.<\/a>\u201d<\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Improve your financial understanding to make better business decisions! One of the keys to your success as a business owner is understanding your financial statements. Your accountant or bookkeeper may [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":61760,"template":"","meta":{"_acf_changed":false,"footnotes":""},"resource_type":[638],"resource_category":[620,622],"resource_tags":[727,662,1103],"class_list":["post-48976","online_resources","type-online_resources","status-publish","has-post-thumbnail","hentry","resource_type-guides-and-workbooks","resource_category-growing-your-business","resource_category-managing-your-financials","resource_tags-financial-statements","resource_tags-financial-templates","resource_tags-webc-learning-guide"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Financial Workbook for Small Business - WeBC<\/title>\n<meta name=\"description\" content=\"The Financial Workbook for Small Business takes you through practical exercises to help you understand basic financial statements.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/resources.we-bc.ca\/fr\/online_resources\/financial-understanding-for-small-business\/\" \/>\n<meta property=\"og:locale\" content=\"fr_FR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Financial Workbook for Small Business - 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