Financial Processes for the I.T. Services Firm

There are few things more important than the finances of your business. But most technology consultants didn't get into business to run balance sheets or figure out cash flow.

Description

There are few things more important than the finances of your business. But most technology consultants didn’t get into business to run balance sheets or figure out cash flow.

This class provides unique content from a unique teacher! Rayanne is a managed service provider from Tampa, FL. She is also an accountant and an Intuit certified ProAdvisor. In addition to her MSP business, Rayanne helps I.T. consultants to take control of their finances and understand their own business at a deeper level.

Topics for this class include:

• Learn to read and understand your Balance Sheet and P&L Statements
• Create a chart of accounts that makes sense for your business
• Separating out information on the P&L for management decisions
• Entities and tax considerations – understanding how your entity is taxed. Handout is a tax projection worksheet for 2019 taxes
• Cash flow forecasting – Handout is a cash flow projection spreadsheet to forecast revenues and expenses
• Understanding margins and ratios – Deep dive into the P&L and Balance Sheet to understand how the numbers work together to make decisions. Handout is a worksheet on calculating and understanding the ratios & margins.
• Use margins to price your services for profit
• Calculate billing and burden rates
• Action plans for success
• . . . and More!

Delivered by Rayanne Buchianico, Financial Coach and QuickBooks Advisor. Rayanne has been an MSP – managed service provider – for many years and advises MSPs on how to get the most out of their QuickBooks and PSA integrations.

Includes five weeks of webinar classes with related handouts, assignments, and “office hours” with the instructor.

Each class is 50-60 minutes, although we often take extra time for questions.

This course is intended for business owners and managers. It is particularly useful for the Owner or Operations Manager.

Additional information

Core Pathway

Front Office

Elective Pathway

Management

Topic

Automation, Entrepreneurship, Financial Processes, Management, Office Admin, Organize Your Business, QuickBooks, Selling an MSP, SOPs, Sustainable Growth, Tools (PSA, RMM, etc.)

Learn to read and understand your Balance Sheet and P&L Statements

Create a chart of accounts that makes sense for your business

Entities and tax considerations - understanding how your entity is taxed

Cash flow forecasting

Understanding margins and ratios

Rayanne Buchianico

Accountant & MSP Business Consultant

Rayanne is a managed service provider and also an accountant and an Intuit certified ProAdvisor. In addition to her MSP business, Rayanne helps I.T. consultants to take control of their finances and understand their own business at a deeper level.

See full profile →

Specialist Certification Pathways

Meets Core requirement:

Meets Elective requirement:

This class is currently offered on-demand and is scheduled to be taught live starting Sep 12, 2023.
If you enroll in an on-demand course, you can attend future live classes at no extra charge.

Course Outline

Module 1 Class Introduction
Unit 1 Introduction  - Preview
Unit 2 Live Class Information
Module 2 Class Content
Unit 1 Introduction to Your Company’s Finances
Unit 2 Cash Flow Forecasting
Unit 3 Margins, Ratios, KPIs, and Breakeven points
Unit 4 Jobs, Budgeting, and Internal Controls
Unit 5 Planning for Taxes

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