Managing the financial administration (online)

This training on financial administration is suitable for those who are about to start up a business and for those who are at the early stage with their business.

The topics of the training are focused on administration and obligations of a business, but we will also cover topics for analyzing and understanding your business.

1. Accounting

• Obligation of a legal person to keep accounting records
• Choosing a provider for accounting services
• Setting up routines for administrative activities
• Requirements for the information content on an invoice
• Tools for creating an invoice

2. Taxation

• Value added tax, general principles
• MyTax
• Personal liability in different company forms
• Taxation in different company forms

3. Entrepreneurship – personal income

• Private withdrawals and wages
• Income register
• Pension insurance (YEL)
• Social security payment
• Optional insurances and payments

4. Planning and understanding your business

• How to read an income statement and a balance sheet
• Budget
• Cost accounting

Your trainer: Ville Hautala, business development consultant, Nooga Consulting Oy Ab

The training session will be held as a Webinar in Microsoft Teams. It is in English and free-of-charge! You will receive a link to the meeting by e-mail day before the training. So sign up and reserve your ticket to this webinar!

Welcome !

Before the training:

Here are a few tips how you can prepare for the training

• Think about different topics and questions regarding financial administration that trouble you and which you haven´t found an answer yet (make a list).
• What does ”tax-deductible” actually mean and what can you gain from it?
• When you deliver a product (goods or services) to a customer and invoice it, where in the income statement and the balance sheet can you find this transaction?
• What is the difference between sales, turnover, and cash flow?
• Do you know what is the unit cost of the product (goods or services) your business sells?
• Do you know what is the difference between the concepts ”cost” and ”expense”?