Foundation Stabilization Companies Attend Accounting Training in Omaha, NE

_MG_2209Over 25 owners and accounting personnel from across the Foundation Supportworks (FSI) dealer network attended Accounting Training in Omaha, NE on March 19th and 20th.  During the two day event, several discussions focused on how to critically read the financial statement and how to decipher areas of a business that are doing well but also areas that may be problematic and need attention.  There are many inputs needed to generate the financial statement and these inputs were also covered, including accounts payable, accounts receivable, managing inventory, and payroll.

Banking success is important to any business and knowing what a bank requires is key to a business’s success.  FSI brought in a banking expert to discuss the importance of understanding what a local bank expects from a company.  Topics discussed included revolving lines of credit, asset and lending values, as well as hot-button banking issues.

The training concluded with a panel discussion where the attendees had the opportunity to “ask the experts” questions related to the accounting side of their business.

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