Invest TCI’s Business Support Unit hosted Managing Your Business Finances with Excel Training in Grand Turk and South Caicos

Providenciales, Turks and Caicos Islands, May 18th, 2023 – April and May were busy for Invest Turks and Caicos’ newly established Business Support Unit as they hosted financial literacy workshops in the islands of Grand Turk and South Caicos.

The “Managing Your Business Finances with Excel” workshop saw thirty-seven attendees, 19 in Grand Turk and 18 in South Caicos. Attendees participated in a full day’s hands-on training facilitated by Ms. Peshina Williams, owner of Vision Financial, an Accounting and bookkeeping firm servicing the Turks and Caicos Islands. During the training, the participants learned the following:

· Introduction to Microsoft Excel

· Recording Sales and Expenses

· Cash Book

· Monitoring Inventory

· Petty Cash Management

· Float Management

· Organization of worksheets

The “Managing Your Business with Excel” Training is the first of a series of practical trainings offered by the Business Support Unit at Invest Turks and Caicos. Training participants received templates on a USB drive with step-by-step guidance on using them to manage their business finances. At the end of the training, each participant received a certificate of completion.

Commenting on the training, Anissa Adderley, Director – Business Support Unit, expressed her gratitude to the attendees and stressed the importance of financial literacy to MSMEs. “We are grateful to all the attendees who participated in the training. We hope they will implement the knowledge gained into their businesses. MSMEs are the backbone of our economy. Therefore, we must educate businesses on financial literacy. The more financial knowledge business owners have, the stronger their businesses will be. We are determined to improve financial literacy to maximize the success of MSMEs.”

The Business Support Unit will continue the “Managing Your Business with Excel” training later this year. The next training will be held in North Caicos on Tuesday, October 3rd, 2023, followed by Providenciales on Tuesday, October 31st, 2023. Interested persons can register to participate in the training by emailing bsu@investturksandcaicos.tc.

For more information on Invest TCI events, visit www.investturksandcaicos.tc or follow us on social media at @investtci.

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About Invest Turks and Caicos

Invest Turks and Caicos is the Islands’ Investment Promotion Agency, responsible for enhancing the economy through the attraction, growth and retention of overseas investment; and supporting the growth of local businesses.

We provide a free and confidential service to overseas businesses looking to expand and will work with a company project team throughout the investment process, providing advice and support. This can include:

– Information on the local business climate;

– facilitating contact with relevant Government Departments throughout the investment process;

– advice on Government incentives and concessions to investors;

– introductions to local service providers/suppliers;

– advice on work permits and permanent residency procedures;

– ongoing support following set up.

We also work actively to support the growth of local businesses, including the management and delivery of the Micro Small and Medium Enterprise programme which provides concessions and reliefs to locally owned businesses.