Preparing for Workshop 1: Financial Foundations
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Get motivated to make a commitment to using a financial bookkeeping system. Learn about:

  • The theory and practical application behind buidling your chart of accouts and how these decisions impact all of your reports and metrics;

  • How to run and identify red flags from your Profit & Loss report;

  • Learn the language of business finance, focusing on key terms such as gross profit, gross margin, and others that appear in the profit and loss statement, and chart of accounts;

  • Review KTC's standard chart of accounts as a menu of options; slim down this format to meet your needs;

  • Create your own standardized chart of accounts that you will use as a structure for your financial review and budgeting in 2023;

  • A sneak peek of how this all drives budgeting as a process.

This modules and accompanying tools were designed to prepare the Oahu Cohort for Workshop 1, which will take place in-person on May 30, 2023 from 9am to 1pm at the Waialua Sugar Mill Co-Working Space (67-106 Kealohanui St # H2, Waialua, HI 96791)/

To take this course virtualy in preparation for your first in-person workshop, watch and download the following Slide Decks and tools for each of the modules below. 

  • Module 1: Setting up Your Chart of Accounts, Introduction to Financial Ratios & the KTC Budget Builder

    • Slide deck for Module 1

    • Tools: Glossary of Financial Terms, Chart of Accounts Exercise & Template, KTC 10 Step Budget (start with Tabs 1-3), Financial Ratios Cheat Sheet