At the start of a new year, it’s common practice to look at the ways in which we can improve our lives, whether that be by getting more exercise, eating more healthy foods, or putting ourselves on the path to financial success and stability. With that in mind, we are pleased to present our first workshop of 2021, and the next offering in our Financial Literacy series: “The Journey to Recovery: How cashflow and the cloud can get you there.”
Led by Angie Brown, Senior Manager of Advisory Services at Grant Thornton, this session will look at how to meet your financial goals and how cash flow management can help, how to set up your organization for future success, as well as provide some insight into cloud accounting best practices. It takes place online via Zoom on Wednesday, January 20 and all are welcome to attend.
We recently caught up with Angie to get a preview and some pointers on how participants can get the most out of this session.
Business & Arts NL: Many of us look to kick a new year off on the right financial footing – especially after one as stressful as 2020. Can you offer a few general tips and best cash flow practices to help people get on the right track?
Angie Brown: Understanding your financial performance in real time can be the key to success during a time of uncertainty. Up to date information can inform your decision making and help you quickly respond to changes when they occur. There are three main things to think about:
- Understand where you are today and what impact that past year may have had on your working capital.
- Recognize where you want to go or what you need to do to respond to those changes.
- Prepare a financial forecast and have transparent conversations with your lenders, investors, and funding agencies about how they can help you through this period.
Business & Arts NL: Can you briefly explain what cloud accounting is and how it can help people reach their financial goals?
AB: Cloud accounting allows access to real-time data so you can make timely decisions and move forward in a changing world. In these uncertain times your business needs to adapt quickly to unexpected events. Cloud accounting improves efficiency, improves your access to your data and gives you more time to reflect with strategic insight. Using cloud accounting, business owners can collaborate with their financial advisors and make informed decisions quickly.
Business & Arts NL: For those who are thinking of attending this workshop, what kinds of questions, etc. should they come with to get the most out of the experience?
AB:
- What is cloud accounting?
- How can cloud accounting make a meaningful difference to your day-to-day operations and how you run your business?
- Can cloud accounting be customized to my business?
- Where do I start if I want to take my data and forecast my future cash flows?
- How can you effectively manage your overall finances and make strategic decisions for your business?
- Examples will be provided
Business & Arts NL: Is there anything else you’d like to add?
AB: Grant Thornton is committed to supporting our business community. Our business advisors are here to support you and your business and help you find your way forward. We look forward to connecting with you at the session.
Workshop: The Journey to Recovery: How cashflow and the cloud can get you there
Date/Time: Wednesday, January 20 from 9-10am
Location: Online via Zoom
Price: Free
Registration: Click here
