Money expert Julie Allerton shared the essentials of business finances, and tips on how to manage and cut costs, in Yorketown on Tuesday, October 24.

About 25 people representing 20 businesses, covering tourism, agriculture, trades, accommodation, the service industry and more, registered for the free Money Matters workshop at SYP Community Hub.

Julie discussed common bookkeeping tools such as Myob and Xero, and how to interpret and learn from financial reports such as the balance sheet and profit-loss statements.

She also discussed cashflow management, strategies for managing expenses and bills, and the importance of setting an annual budget.

Participants received extensive take-home notes, checklists for improving cashflow, a draft budgeting tool and invitations for further tailored support.

Yorke Peninsula Council organised the event, with support from the Adelaide Business Hub and Regional Development Australia Yorke and Mid North.

“Council has now run several workshops and other initiatives as part of our growing commitment to supporting local businesses,” Mayor Darren Braund said.

“We understand that with rising cost pressures, managing finances and finding efficiencies to save money is of great importance to the success of our businesspeople.

“I congratulate everyone who took time out of their busy workdays to improve their financial knowledge with this workshop, and encourage all business representatives to consider taking up these opportunities in the future.

“Council’s business workshops have already included grants, accessibility, social media, shop design and more, and the support offered through our Business Enhancement Program extends well beyond this into direct assistance from staff as well as our popular business grants program which is open year-round.

“Successful businesses mean employment opportunities and a strong local economy, and as a Council we are proud to play our part in fostering this success.”

For more information about the Yorke Peninsula Council Business Enhancement Program, including business grants, visit yorke.sa.gov.au or phone 8832 0000.