Posts Tagged ‘pro forma’
This is, perhaps, the least sexy topic of a decidedly unsexy series of blog postings about opening a brew pub in BC. However, if there is one thing that becomes readily apparent as time passes by, is what a disadvantage people are at in the business world if they can’t use Microsoft Office, particularly Excel. Relying exclusively on consultants, accountants, bookkeepers and bloggers to tell you which numbers are the most important to your business, is not a recipe for long-term success and will cost you money. This isn’t just some blogger talking. This is advice that the authors of “The Knack” also try to hammer home.
Accounting isn’t rocket science. It relies, for the most part, on simple addition and subtraction. Time Value of Money calculations are a bit more work, but Excel has ‘wizards’ that probably can walk you through it by now. This post isn’t about accounting. It isn’t even about the time value of money. It’s about taking the numbers you have and finding out the numbers you need to know.