Financial Statements the Focus of Free Small Business Workshop in Redlands

Financial statements will be the focus of a free small business workshop planned July 25 in Redlands, a city spokesman announced Tuesday.

Presenter Elvira Nilsson has an accounting degree and has worked as an accountant in government, education, environmental, and manufacturing sectors, according to Redlands spokesman Carl Baker. She also holds a master's degree in business with a focus on international business management.

In addition, Nilsson is a licensed tax preparer, a Notary Public, and a Certified Loan Signing Agent, Baker said.

Financial statements are the "report cards" for your business, workshop organizers said.

"This workshop will help you understand the terms used in financial reporting, how to classify data correctly, and then how to use the information to maintain or grow your business," Baker said. "Topics covered will include: basic accounting terms, interaction between the Income Statement and the Balance Sheet, importance of maintaining accuracy, and finally, how to use the statements to maximize effectiveness."

The workshop is scheduled 9 a.m. to 11 a.m. Wednesday July 25 in City Council Chambers at 35 Cajon St.

The Redlands small business workshop series is co-sponsored by SCORE Inland Empire and the U.S. Small Business Administration, Baker said. The series is designed to help local entrepreneurs in areas such as starting a small business, marketing and financing.

The acronym SCORE stands for Service Corps of Retired Executives.

The July 25 workshop is free, but registration is required. To register, visit the SCORE website at http://inlandempire.score.org/localworkshops. You may also contact Heather Smith at hsmith@cityofredlands.org or call (909) 798-7629.

Free parking is available in the parking structure on the corner of Citrus Avenue and Sixth Street.