The basics of financial management

Understanding the fundamentals of managing the financial side of your fishing business is a key to success.

Marine Advisory Program contact

Videos and slideshows

The Business of Fish course (2008)

Individual class sessions are archived for viewing on-demand on the University of Alaska Southeast website. Just scroll down to the "Resources" section. The first class is Intro to the Business of Fish, and the second class is Managing Your Finances.

Publications

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The Business of Fishing: Managing Finances

This short 4-page publication outlines the basic building blocks for financial management for fishermen, including bookkeeping systems and accounting methods. All fishermen, even those who hire an accountant to keep the books, will benefit from mastering the basics of financial record-keeping. In the big picture, financial management involves developing accurate business records, controlling finances for better business decisions, and analyzing future opportunities.

Analyzing Your Financial Ratios [PDF]

Contains descriptions and examples of the eight major types of ratios used in financial analysis: Income, Profitability, Liquidity, Working Capital, Bankruptcy, Long-Term Analysis, Coverage, and Leverage.

Sample financial documents

Sample balance sheet [PDF, 16 KB]

Handout from Business of Fish workshop.

Sample income statement [PDF, 15 KB]

Handout from Business of Fish workshop.

Sample cash flow statement — direct method [PDF, 16 KB]

Sample cash flow statement — indirect method [PDF, 16 KB]

Outside resources

Alaska Small Business Development Center

Hosted by the University of Alaska Anchorage and funded in part by the U.S. Small Business Administration.