Michael Carter, Owner at eFactory Limited & Author is graduate Chartered Accountant (qualified with KPMG in London). Successful career in software. Have raised money for businesses and separately started, grew and sold many ventures across sectors. Have worked in 16 countries (and visited 70 others). Businesses sold include software and consulting companies. Have acted as a "Virtual Director" for several companies. Great at problem solving. He was one of our mentor at Guru program Spring 2014 held at Idealondon 27-29 May 2014
2. e
Number Date Description Miles Total Travel/Subsistence Computer Phone Stationery
1 20-MayLunch with Shaun 12.75 12.75
2 21-May Business Cards 27.00 27.00
3 22-May Visit manufacturer 30 13.50 13.50
4 22-May Coffee for manufacturer 4.50 4.50
5 24-May Lead for computer 49.99 49.99
Expenses
8. e
Profit & Loss
- These are the business transactions
Cashflow
-This is simply things
going through the bank
Balance Sheet
- This is what the business
has left
9. e
Some examples
• £100 of shares = CAPITAL & BANK
• £1k of sales = SALES & BANK or DEBTORS
• £500 from a debtor
= (minus)DEBTORS & CASH