Know Your Numbers Workshop
Understanding your Profit & Loss, Balance Sheet and Cash Statements


FEBRUARY 2026	12:00 - 1:30pm	$35 per person Includes lunch	Smart Business Solutions Level 1 / 328 Main Street Mornington, VIC

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OVERVIEW

If you’re like most business owners, you receive financial reports, and you have your accounting software, but you don’t always feel confident interpreting them.

You might look at your Profit & Loss and wonder:

Are we actually doing well?
Why does profit not feel like cash?
Why does the accountant keep talking about the Balance Sheet?
Which numbers actually matter?

This workshop is designed to change that. Know Your Numbers is a practical, plain-English workshop that teaches you how to properly read and understand your core financial reports - and, more importantly, how they work together to show the real health of your business.

We recommend you bring your laptop, and if you use Xero, you'll be able to follow along with live demos. For non-Xero users, the principles, learnings and fundamentals are the same.

WHAT YOU'LL LEARN

How to read a Profit & Loss statement properly

What revenue, gross profit, operating profit and EBIT actually mean
Which numbers matter most - and which ones cause confusion
How to tell if performance is improving or quietly slipping

How the Balance Sheet really works

What assets, liabilities and equity actually represent in a small business
What your balance sheet says about risk, strength and growth capacity
Why accountants and banks care so much about it

Why profit is not the same as cash

How timing differences distort reality
Why profitable businesses still feel cash-tight
How cash, profit and balance sheet are connected

How all three reports work together

How one business issue shows up differently across:
- Profit & Loss
- Balance Sheet
- Cashflow Statement
How to see the full picture, not just part of it.

Who this session is for

This session is ideal for business owners who:

Get financial reports but don’t always feel confident reading them
Want to understand what their numbers are really telling them
Want to stop guessing and start making decisions with clarity
Feel unsure what questions to ask their accountant
Want to feel more in control of their business finances

No accounting background required. This is designed for business owners, not accountants.

Why this session is high value

Most business owners focus on the Profit & Loss. But strong businesses are not built on a single report. This session shows you:

Why profit alone is not the full story
Why cash and the balance sheet matter just as much
How issues can hide in one report and show up in another
How to spot early warning signs before they become expensive problems

When you understand how these reports connect, you stop reacting to numbers - and start using them.

Lunch & Learn Workshop
Know Your Numbers

Understanding your Profit & Loss, Balance Sheet and Cash Statements.
An interactive Lunch & Learn workshop designed for small business owners.