Biz4Afrika

THE FINANCE TOOLKITWhat Small and Medium Enterprises Need to Know

Table of contents
THEME WHAT IS THE FINANCE TOOLKIT01

Topic 1: Finances Explained ..........................................................5
Topic 2: Advantages of Handling Finances Correctly . ........6
Topic 3: The Importance of Financial Compliance ...............8THEME BUSINESS FINANCE MANAGEMENT02

Topic 1: Accounting Basics ......................................................10
Topic 2: Financial Management for Small Business ..........12

THEME BUSINESS FINANCING03
2 | The Finance Toolkit

Topic 1: Financing .........................................................................15
Topic 2: Types of Financing ........................................................17

THEME BUSINESS FINANCE MANAGEMENT SIMPLIFIED

04

Topic 1: Accounting Software ...................................................25
Topic 2: Microsoft Software .......................................................29
Topic 3: Case Studies ...................................................................30

THEME NEXT STEPS: GETTING FINANCIAL

05

SOFTWARE FOR YOUR BUSINESS.............................................................................................................32

THEME FINANCE ROADMAP

06

Topic 1: Documents Required by Small Business .............33
Topic 2: Points to Remember ....................................................35
Topic 3: Keys to Success ..............................................................36

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01

4 | The Finance Toolkit

WHAT IS THE FINANCETOOLKIT?

FINANCES EXPLAINEDAt a glance

Keep accurate records

Greater integration

receipt

Do accurate invoicing

total

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ADVANTAGES OF HANDLING FINANCES CORRECTLY

IncomeCash Flow

CapitalInvestment

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Financial Understanding

Think about it………

AssetsSavings

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THE IMPORTANCE OF FINANCIAL COMPLIANCE

Advantages of Financial Compliance

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Consequences of Non-Compliance

02

BUSINESS FINANCE
MANAGEMENTThe Finance Toolkit | 9ACCOUNTING BASICS

Gross RevenueExpenses

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Think about it………

Cash Flow

Break Even Point

Working Capital

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FINANCIAL MANAGEMENT FOR SMALL BUSINESS

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Understanding how much capital you need

Understanding what the capital should look like

Choosing where to get the money fromManaging your cash

Financial controls

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03

BUSINESSFINANCING

TIPS AND TRICKS

Visit the Biz4Afrika Portal

14 | The Finance Toolkit

FINANCINGOwners retain
full control oftheir operations,unlike in an

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allows thebusiness ownerto spread theamong a larger
amount of

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TYPES OF FINANCING
Equity Funding Options
Angel and Venture Capital (ProfessionalInvestors)

Angel investors
are typicallywealthy
individuals who
invest their own
money in startups or small
businesses

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Advantages of equity funding

Disadvantages of equity funding

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Angel Investors and Venture Capital

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Debt Funding Options
Bank loans(Term loans and Working capital loans)

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Generallyentrepreneurs
have two: a termloan, or a working

Advantages of debt funding

Disadvantages of debt funding

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Term loans – Traditional Bank

Working Capital Loans – Traditional Bank

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Government loans

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04

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BUSINESS FINANCE
MANAGEMENT SIMPLIFIEDACCOUNTING SOFTWAREThe Finance Toolkit | 25

Making you more productive

Reduced Monthly Expenses

Help you reduce mistakes

Making sure your data is safe

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Know what is happening 24/7

Work anywhere, anytime

One place for everything

Helps you to analyse so you can manage your business better

Accuracy

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Examples of accounting software packages

Package28 | The Finance Toolkit

About

MICROSOFT SOFTWARE

Find out about Dynamics 365 here

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CASE STUDIES
A small business using an accounts payable expert solution

Read the full case study here

30 | The Finance Toolkit

Unifying business operations with Microsoft Dynamics 365

Read the full case study here

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05

GETTING FINANCIAL
SOFTWARE FOR YOUR
BUSINESS

Financial software options

32 | The Finance Toolkit

Find out more

06

FINANCE ROADMAPDOCUMENTS REQUIRED BY SMALL BUSINESSESThe Finance Toolkit | 33

Document

About

Think about it………

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POINTS TO REMEMBERThe Finance Toolkit | 35

KEYS TO SUCCESS

Key to Success

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Description

Key to Success

Key to Success“Remember, don’t make money by all means, make money by theright means and these three simple steps will set that path; planning,
diligent spending (appropriation) and reviewing”
Henry Agyei Asare, CEO, Tentmaker & Prime2Prime Ideas“If you can’t measure it, you can’t manage it”
Tyronne Nel, Phezulu VBO“Your SME Partner”
The Mauritius Commercial Bank Limited

Website Resources:

38 | The Finance Toolkit

NotesThe Finance Toolkit | 39