SlideShare a Scribd company logo
1 of 42
What Does The Word Astrape
Mean?
Astrape pronounced (AS-STRAP-PAY) is a
Greek word which is translated as:
โ€œLight shining" (of the gleam of the lamp).
Our Mission
Astrape Finance aims to create a
community of persons and businesses
that understand the tenets of financial
management and are able to execute clear
and sound corporate and personal
finance plans for growth.
Online Presence
Facebook
www.facebook.com/AstrapeFinance
Twitter
www.twitter.com/MelindaLBelle
Website
www.astrapefinance.com
Online Presence
Company Blog
http://astrapefinance.wordpress.com
Founderโ€™s Personal Blog
http://everydayfinancial.wordpress.com
Email
melinda@astrapefinance.com
Founderโ€™s Bio
โ€ข Barbadian by Birth
โ€ข Attended the Alexandra Secondary School
then transitioned to Harrison College
(1994-1999)
โ€ข Attended the Barbados Community
College and obtained an Associate Degree
in Computer Studies (1999-2001)
Founderโ€™s Bio
โ€ข Graduated from UWI Cave Hill with a
BSc. Computer Studies & Management
(Double Major, 2001-2004)
โ€ข Possesses seven years of experience in the
accounting field, five of which were
gained in the offshore banking sector
โ€ข Acquired a Certificate in Counselling
from the Barbados Wesleyan District
Founderโ€™s Bio
โ€ข Is a teacher at heart
โ€ข Has been the Founder and Financial
Consultant for the past year and seven
months (and counting!)
FINANCIAL STRATEGIES
2013

#bizboost
Explore Financial Strategies that
Will Boost Efficiency for 2013
and Beyond

#bizboost
How Financial Strategies Boost
Efficiency in Your Company
Track your companyโ€™s financial activities
-

Cash flow
How much you own
How much you owe
How much income you make
How much expenses you incur
#bizboost
How Financial Strategies Boost
Efficiency in Your Company
Track your companyโ€™s financial activities
-

How much you make (or lose)
How much do clients owe you
How much you owe for taxes
How much do you have to pay for salaries

#bizboost
Financial Strategy #1

Set Up An Accounting System

#bizboost
Accounting System

A tailor- made system, suitable to record
the financial transactions of your
business.

#bizboost
Book Based
Cash Journal
Used to record cash transactions
Purchases Journal
Used to record purchases
Sales Journal
Used to record sales
#bizboost
Software Based
- Quickbooks
- Accpacc
- Microsoft Excel

#bizboost
Key Accounting System Tasks
-

Bookkeeping
Reconciling
Accounting

#bizboost
Bookkeeping
The process of recording daily transactions
of the business into books of accounts
or accounting software or both.

#bizboost
Reconciling
The process of balancing your books to
reflect the correct financial picture of
your company.

#bizboost
Accounting
Using the information entered and
presenting it in the form of financial
statements.

#bizboost
Financial Statements
- Income Statement
- Balance Sheet
- Cash Flow Statement

#bizboost
Income Statement
Comprises the following:
Revenues โ€“ Sales
Expenses โ€“ Rent, Utilities, Salaries

#bizboost
Income Statement
Shows your Net Income
Net Income = Revenues > Expenses
Shows your Net Loss

Net Loss = Expenses > Revenues
#bizboost
Balance Sheet
Comprises the following
What you own and Who owes you: Assets
E.g. Equipment, Cash, Accounts Receivable
What and Who you owe: Liabilities
E.g. Accountable Payable, Loans

Money invested into the company: Equity
#bizboost
Balance Sheet
Shows your financial position
Assets = Liabilities + Equities

#bizboost
Cash Flow Statement
Statement used to monitor cash movements
within the company:
- Operating activities
- Investing activities
- Financing activities

#bizboost
Cash Flow Statement
Operating activities
- Expenses
Investing activities
- Purchase of equipment
Financing activities
- Money invested by the owner of the business
or an investor
#bizboost
Financial Strategy #2

Employ Financial Controls

#bizboost
Financial Controls

Tools used to manage a companyโ€™s finances
through planning and performance
evaluation.

#bizboost
Financial Controls
- Budget
- Reconciliation
- Analysis of Financial Statements

#bizboost
Budget
A Budget is a spending plan used to allocate
money for specific purposes.
E.g. Rent, Salaries

#bizboost
Reconciliations
- Petty Cash
- Cheque Book
- Bank Statement

#bizboost
Analysis of Financial Statements
Make comparisons between financial years
- Determine if more or less money was
spent over a specific period
- Determine if more or less money was
made over a specific period

#bizboost
Financial Strategy #3

Plan for Growth via Forecasting
Forecasting
A planning tool used to project future
financial events.

#bizboost
Future Events
-

Sales
Expenses
Investments
Debt Repayments

#bizboost
Financial Strategy #4

Be a Prudent Business Owner

#bizboost
Step #1: Make a Plan

#bizboost
Step #2: Be Patient

#bizboost
Step #3:

Be Persistent

#bizboost
The End

Thank You!

More Related Content

Similar to Financial Strategies 2013

MBA Finance Resume
MBA Finance ResumeMBA Finance Resume
MBA Finance Resume
Jatin Jain
ย 
Mohamed Sayed Zayed
Mohamed Sayed  ZayedMohamed Sayed  Zayed
Mohamed Sayed Zayed
Mohamed Zayed
ย 
Sherif Azem Saleh Elnaggar (1)
Sherif Azem Saleh Elnaggar (1)Sherif Azem Saleh Elnaggar (1)
Sherif Azem Saleh Elnaggar (1)
Sherif Elnaggar
ย 
Ibrahim Bahaa Resume
Ibrahim Bahaa ResumeIbrahim Bahaa Resume
Ibrahim Bahaa Resume
Ibrahim Bahaa
ย 
Income statement and flow of cash
Income statement and flow of cashIncome statement and flow of cash
Income statement and flow of cash
Nayyar Kazmi
ย 
Bank Reconciliation Statement
Bank Reconciliation StatementBank Reconciliation Statement
Bank Reconciliation Statement
Dr. Trilok Kumar Jain
ย 
hamesh CV New
hamesh CV Newhamesh CV New
hamesh CV New
Hamesh khan
ย 
Rizwan CV Aug 2015
Rizwan CV Aug 2015Rizwan CV Aug 2015
Rizwan CV Aug 2015
Ahmed Rizwan
ย 
accountingbasics.ppt
accountingbasics.pptaccountingbasics.ppt
accountingbasics.ppt
Kevin117905
ย 

Similar to Financial Strategies 2013 (20)

Javeed professional summary
Javeed professional summaryJaveed professional summary
Javeed professional summary
ย 
MBA Finance Resume
MBA Finance ResumeMBA Finance Resume
MBA Finance Resume
ย 
Mohamed Sayed Zayed
Mohamed Sayed  ZayedMohamed Sayed  Zayed
Mohamed Sayed Zayed
ย 
Sherif Azem Saleh Elnaggar (1)
Sherif Azem Saleh Elnaggar (1)Sherif Azem Saleh Elnaggar (1)
Sherif Azem Saleh Elnaggar (1)
ย 
Ananda Palipana CV
Ananda Palipana CVAnanda Palipana CV
Ananda Palipana CV
ย 
Ibrahim Bahaa Resume
Ibrahim Bahaa ResumeIbrahim Bahaa Resume
Ibrahim Bahaa Resume
ย 
Business bootcamp "know your numbers" presentation
Business bootcamp "know your numbers" presentationBusiness bootcamp "know your numbers" presentation
Business bootcamp "know your numbers" presentation
ย 
Syed Naveed Abbas
Syed Naveed AbbasSyed Naveed Abbas
Syed Naveed Abbas
ย 
How to Finance Your Company
How to Finance Your Company How to Finance Your Company
How to Finance Your Company
ย 
Income statement and flow of cash
Income statement and flow of cashIncome statement and flow of cash
Income statement and flow of cash
ย 
Bank Reconciliation Statement
Bank Reconciliation StatementBank Reconciliation Statement
Bank Reconciliation Statement
ย 
Bank Reconciliation Statement
Bank Reconciliation StatementBank Reconciliation Statement
Bank Reconciliation Statement
ย 
5 Years Experienced Accountant
5 Years Experienced Accountant5 Years Experienced Accountant
5 Years Experienced Accountant
ย 
CV (1)
CV (1)CV (1)
CV (1)
ย 
Five easy steps for cash to accrual conversion
Five easy steps for cash to accrual conversionFive easy steps for cash to accrual conversion
Five easy steps for cash to accrual conversion
ย 
Financial Accounting
Financial AccountingFinancial Accounting
Financial Accounting
ย 
hamesh CV New
hamesh CV Newhamesh CV New
hamesh CV New
ย 
Rizwan CV Aug 2015
Rizwan CV Aug 2015Rizwan CV Aug 2015
Rizwan CV Aug 2015
ย 
accountingbasics.ppt
accountingbasics.pptaccountingbasics.ppt
accountingbasics.ppt
ย 
accountingbasics.ppt
accountingbasics.pptaccountingbasics.ppt
accountingbasics.ppt
ย 

Recently uploaded

VIP Call Girl in Mumbai ๐Ÿ’ง 9920725232 ( Call Me ) Get A New Crush Everyday Wit...
VIP Call Girl in Mumbai ๐Ÿ’ง 9920725232 ( Call Me ) Get A New Crush Everyday Wit...VIP Call Girl in Mumbai ๐Ÿ’ง 9920725232 ( Call Me ) Get A New Crush Everyday Wit...
VIP Call Girl in Mumbai ๐Ÿ’ง 9920725232 ( Call Me ) Get A New Crush Everyday Wit...
dipikadinghjn ( Why You Choose Us? ) Escorts
ย 
From Luxury Escort Service Kamathipura : 9352852248 Make on-demand Arrangemen...
From Luxury Escort Service Kamathipura : 9352852248 Make on-demand Arrangemen...From Luxury Escort Service Kamathipura : 9352852248 Make on-demand Arrangemen...
From Luxury Escort Service Kamathipura : 9352852248 Make on-demand Arrangemen...
From Luxury Escort : 9352852248 Make on-demand Arrangements Near yOU
ย 
call girls in Sant Nagar (DELHI) ๐Ÿ” >เผ’9953056974 ๐Ÿ” genuine Escort Service ๐Ÿ”โœ”๏ธโœ”๏ธ
call girls in Sant Nagar (DELHI) ๐Ÿ” >เผ’9953056974 ๐Ÿ” genuine Escort Service ๐Ÿ”โœ”๏ธโœ”๏ธcall girls in Sant Nagar (DELHI) ๐Ÿ” >เผ’9953056974 ๐Ÿ” genuine Escort Service ๐Ÿ”โœ”๏ธโœ”๏ธ
call girls in Sant Nagar (DELHI) ๐Ÿ” >เผ’9953056974 ๐Ÿ” genuine Escort Service ๐Ÿ”โœ”๏ธโœ”๏ธ
9953056974 Low Rate Call Girls In Saket, Delhi NCR
ย 
VIP Independent Call Girls in Bandra West ๐ŸŒน 9920725232 ( Call Me ) Mumbai Esc...
VIP Independent Call Girls in Bandra West ๐ŸŒน 9920725232 ( Call Me ) Mumbai Esc...VIP Independent Call Girls in Bandra West ๐ŸŒน 9920725232 ( Call Me ) Mumbai Esc...
VIP Independent Call Girls in Bandra West ๐ŸŒน 9920725232 ( Call Me ) Mumbai Esc...
dipikadinghjn ( Why You Choose Us? ) Escorts
ย 
( Jasmin ) Top VIP Escorts Service Dindigul ๐Ÿ’ง 7737669865 ๐Ÿ’ง by Dindigul Call G...
( Jasmin ) Top VIP Escorts Service Dindigul ๐Ÿ’ง 7737669865 ๐Ÿ’ง by Dindigul Call G...( Jasmin ) Top VIP Escorts Service Dindigul ๐Ÿ’ง 7737669865 ๐Ÿ’ง by Dindigul Call G...
( Jasmin ) Top VIP Escorts Service Dindigul ๐Ÿ’ง 7737669865 ๐Ÿ’ง by Dindigul Call G...
dipikadinghjn ( Why You Choose Us? ) Escorts
ย 
VIP Kalyan Call Girls ๐ŸŒ 9920725232 ๐ŸŒ Make Your Dreams Come True With Mumbai E...
VIP Kalyan Call Girls ๐ŸŒ 9920725232 ๐ŸŒ Make Your Dreams Come True With Mumbai E...VIP Kalyan Call Girls ๐ŸŒ 9920725232 ๐ŸŒ Make Your Dreams Come True With Mumbai E...
VIP Kalyan Call Girls ๐ŸŒ 9920725232 ๐ŸŒ Make Your Dreams Come True With Mumbai E...
roshnidevijkn ( Why You Choose Us? ) Escorts
ย 
Call Girls Service Pune โ‚น7.5k Pick Up & Drop With Cash Payment 9352852248 Cal...
Call Girls Service Pune โ‚น7.5k Pick Up & Drop With Cash Payment 9352852248 Cal...Call Girls Service Pune โ‚น7.5k Pick Up & Drop With Cash Payment 9352852248 Cal...
Call Girls Service Pune โ‚น7.5k Pick Up & Drop With Cash Payment 9352852248 Cal...
roshnidevijkn ( Why You Choose Us? ) Escorts
ย 
CBD Belapur Expensive Housewife Call Girls Number-๐Ÿ“ž๐Ÿ“ž9833754194 No 1 Vipp HIgh...
CBD Belapur Expensive Housewife Call Girls Number-๐Ÿ“ž๐Ÿ“ž9833754194 No 1 Vipp HIgh...CBD Belapur Expensive Housewife Call Girls Number-๐Ÿ“ž๐Ÿ“ž9833754194 No 1 Vipp HIgh...
CBD Belapur Expensive Housewife Call Girls Number-๐Ÿ“ž๐Ÿ“ž9833754194 No 1 Vipp HIgh...
priyasharma62062
ย 

Recently uploaded (20)

Diva-Thane European Call Girls Number-9833754194-Diva Busty Professional Call...
Diva-Thane European Call Girls Number-9833754194-Diva Busty Professional Call...Diva-Thane European Call Girls Number-9833754194-Diva Busty Professional Call...
Diva-Thane European Call Girls Number-9833754194-Diva Busty Professional Call...
ย 
Top Rated Pune Call Girls Shikrapur โŸŸ 6297143586 โŸŸ Call Me For Genuine Sex S...
Top Rated  Pune Call Girls Shikrapur โŸŸ 6297143586 โŸŸ Call Me For Genuine Sex S...Top Rated  Pune Call Girls Shikrapur โŸŸ 6297143586 โŸŸ Call Me For Genuine Sex S...
Top Rated Pune Call Girls Shikrapur โŸŸ 6297143586 โŸŸ Call Me For Genuine Sex S...
ย 
VIP Call Girl in Mumbai ๐Ÿ’ง 9920725232 ( Call Me ) Get A New Crush Everyday Wit...
VIP Call Girl in Mumbai ๐Ÿ’ง 9920725232 ( Call Me ) Get A New Crush Everyday Wit...VIP Call Girl in Mumbai ๐Ÿ’ง 9920725232 ( Call Me ) Get A New Crush Everyday Wit...
VIP Call Girl in Mumbai ๐Ÿ’ง 9920725232 ( Call Me ) Get A New Crush Everyday Wit...
ย 
Mira Road Awesome 100% Independent Call Girls NUmber-9833754194-Dahisar Inter...
Mira Road Awesome 100% Independent Call Girls NUmber-9833754194-Dahisar Inter...Mira Road Awesome 100% Independent Call Girls NUmber-9833754194-Dahisar Inter...
Mira Road Awesome 100% Independent Call Girls NUmber-9833754194-Dahisar Inter...
ย 
From Luxury Escort Service Kamathipura : 9352852248 Make on-demand Arrangemen...
From Luxury Escort Service Kamathipura : 9352852248 Make on-demand Arrangemen...From Luxury Escort Service Kamathipura : 9352852248 Make on-demand Arrangemen...
From Luxury Escort Service Kamathipura : 9352852248 Make on-demand Arrangemen...
ย 
call girls in Sant Nagar (DELHI) ๐Ÿ” >เผ’9953056974 ๐Ÿ” genuine Escort Service ๐Ÿ”โœ”๏ธโœ”๏ธ
call girls in Sant Nagar (DELHI) ๐Ÿ” >เผ’9953056974 ๐Ÿ” genuine Escort Service ๐Ÿ”โœ”๏ธโœ”๏ธcall girls in Sant Nagar (DELHI) ๐Ÿ” >เผ’9953056974 ๐Ÿ” genuine Escort Service ๐Ÿ”โœ”๏ธโœ”๏ธ
call girls in Sant Nagar (DELHI) ๐Ÿ” >เผ’9953056974 ๐Ÿ” genuine Escort Service ๐Ÿ”โœ”๏ธโœ”๏ธ
ย 
20240419-SMC-submission-Annual-Superannuation-Performance-Test-โ€“-design-optio...
20240419-SMC-submission-Annual-Superannuation-Performance-Test-โ€“-design-optio...20240419-SMC-submission-Annual-Superannuation-Performance-Test-โ€“-design-optio...
20240419-SMC-submission-Annual-Superannuation-Performance-Test-โ€“-design-optio...
ย 
Call Girls in New Friends Colony Delhi ๐Ÿ’ฏ Call Us ๐Ÿ”9205541914 ๐Ÿ”( Delhi) Escort...
Call Girls in New Friends Colony Delhi ๐Ÿ’ฏ Call Us ๐Ÿ”9205541914 ๐Ÿ”( Delhi) Escort...Call Girls in New Friends Colony Delhi ๐Ÿ’ฏ Call Us ๐Ÿ”9205541914 ๐Ÿ”( Delhi) Escort...
Call Girls in New Friends Colony Delhi ๐Ÿ’ฏ Call Us ๐Ÿ”9205541914 ๐Ÿ”( Delhi) Escort...
ย 
Booking open Available Pune Call Girls Talegaon Dabhade 6297143586 Call Hot ...
Booking open Available Pune Call Girls Talegaon Dabhade  6297143586 Call Hot ...Booking open Available Pune Call Girls Talegaon Dabhade  6297143586 Call Hot ...
Booking open Available Pune Call Girls Talegaon Dabhade 6297143586 Call Hot ...
ย 
Vasai-Virar Fantastic Call Girls-9833754194-Call Girls MUmbai
Vasai-Virar Fantastic Call Girls-9833754194-Call Girls MUmbaiVasai-Virar Fantastic Call Girls-9833754194-Call Girls MUmbai
Vasai-Virar Fantastic Call Girls-9833754194-Call Girls MUmbai
ย 
Kharghar Blowjob Housewife Call Girls NUmber-9833754194-CBD Belapur Internati...
Kharghar Blowjob Housewife Call Girls NUmber-9833754194-CBD Belapur Internati...Kharghar Blowjob Housewife Call Girls NUmber-9833754194-CBD Belapur Internati...
Kharghar Blowjob Housewife Call Girls NUmber-9833754194-CBD Belapur Internati...
ย 
VIP Independent Call Girls in Bandra West ๐ŸŒน 9920725232 ( Call Me ) Mumbai Esc...
VIP Independent Call Girls in Bandra West ๐ŸŒน 9920725232 ( Call Me ) Mumbai Esc...VIP Independent Call Girls in Bandra West ๐ŸŒน 9920725232 ( Call Me ) Mumbai Esc...
VIP Independent Call Girls in Bandra West ๐ŸŒน 9920725232 ( Call Me ) Mumbai Esc...
ย 
( Jasmin ) Top VIP Escorts Service Dindigul ๐Ÿ’ง 7737669865 ๐Ÿ’ง by Dindigul Call G...
( Jasmin ) Top VIP Escorts Service Dindigul ๐Ÿ’ง 7737669865 ๐Ÿ’ง by Dindigul Call G...( Jasmin ) Top VIP Escorts Service Dindigul ๐Ÿ’ง 7737669865 ๐Ÿ’ง by Dindigul Call G...
( Jasmin ) Top VIP Escorts Service Dindigul ๐Ÿ’ง 7737669865 ๐Ÿ’ง by Dindigul Call G...
ย 
Top Rated Pune Call Girls Sinhagad Road โŸŸ 6297143586 โŸŸ Call Me For Genuine S...
Top Rated  Pune Call Girls Sinhagad Road โŸŸ 6297143586 โŸŸ Call Me For Genuine S...Top Rated  Pune Call Girls Sinhagad Road โŸŸ 6297143586 โŸŸ Call Me For Genuine S...
Top Rated Pune Call Girls Sinhagad Road โŸŸ 6297143586 โŸŸ Call Me For Genuine S...
ย 
VIP Kalyan Call Girls ๐ŸŒ 9920725232 ๐ŸŒ Make Your Dreams Come True With Mumbai E...
VIP Kalyan Call Girls ๐ŸŒ 9920725232 ๐ŸŒ Make Your Dreams Come True With Mumbai E...VIP Kalyan Call Girls ๐ŸŒ 9920725232 ๐ŸŒ Make Your Dreams Come True With Mumbai E...
VIP Kalyan Call Girls ๐ŸŒ 9920725232 ๐ŸŒ Make Your Dreams Come True With Mumbai E...
ย 
Navi Mumbai Cooperetive Housewife Call Girls-9833754194-Natural Panvel Enjoye...
Navi Mumbai Cooperetive Housewife Call Girls-9833754194-Natural Panvel Enjoye...Navi Mumbai Cooperetive Housewife Call Girls-9833754194-Natural Panvel Enjoye...
Navi Mumbai Cooperetive Housewife Call Girls-9833754194-Natural Panvel Enjoye...
ย 
Call Girls Service Pune โ‚น7.5k Pick Up & Drop With Cash Payment 9352852248 Cal...
Call Girls Service Pune โ‚น7.5k Pick Up & Drop With Cash Payment 9352852248 Cal...Call Girls Service Pune โ‚น7.5k Pick Up & Drop With Cash Payment 9352852248 Cal...
Call Girls Service Pune โ‚น7.5k Pick Up & Drop With Cash Payment 9352852248 Cal...
ย 
Bandra High Profile Sexy Call Girls,9833754194-Khar Road Speciality Call Girl...
Bandra High Profile Sexy Call Girls,9833754194-Khar Road Speciality Call Girl...Bandra High Profile Sexy Call Girls,9833754194-Khar Road Speciality Call Girl...
Bandra High Profile Sexy Call Girls,9833754194-Khar Road Speciality Call Girl...
ย 
CBD Belapur Expensive Housewife Call Girls Number-๐Ÿ“ž๐Ÿ“ž9833754194 No 1 Vipp HIgh...
CBD Belapur Expensive Housewife Call Girls Number-๐Ÿ“ž๐Ÿ“ž9833754194 No 1 Vipp HIgh...CBD Belapur Expensive Housewife Call Girls Number-๐Ÿ“ž๐Ÿ“ž9833754194 No 1 Vipp HIgh...
CBD Belapur Expensive Housewife Call Girls Number-๐Ÿ“ž๐Ÿ“ž9833754194 No 1 Vipp HIgh...
ย 
(Vedika) Low Rate Call Girls in Pune Call Now 8250077686 Pune Escorts 24x7
(Vedika) Low Rate Call Girls in Pune Call Now 8250077686 Pune Escorts 24x7(Vedika) Low Rate Call Girls in Pune Call Now 8250077686 Pune Escorts 24x7
(Vedika) Low Rate Call Girls in Pune Call Now 8250077686 Pune Escorts 24x7
ย 

Financial Strategies 2013

Editor's Notes

  1. A Trial Balance is the document from which Financial Statements are created.
  2. Financial Statements are essential for measuring your companyโ€™s financial performance and reporting your companyโ€™s financial position.
  3. Could be 2 years โ€“ 5 years.