Financial Statements explained is this weeks video, understanding them is a big deal. Above all the financial statements form the bedrock of any company. Therefore understanding them and how they work gives you insight and clarity.
In this video I’ll talk you through
- What each statement is
- The content of those statements
- Why it’s important to understand these documents
Financial Statements explained shows you
- how your business is performing financially
- where you stand in terms of your cash flow
Certainly this can be overwhelming for any business owner. However, with the right information and tools it doesn’t have to be so hard! So in this video I’m going to break down some common financial statements every business owner should know. That is to say the most common statements are balance sheets, profit & loss statements, income statements, and cash flows. As a result of watching this video you will have a basic understanding of what these financial documents are all about as well as what they mean for your business. So let’s get started!
In conclusion understanding Financial Statements and how your business is performing financially and where you stand in terms of your cash flow can be overwhelming. But it doesn’t have to be that way! In this blog post I’ve broken down some common financial statements every small business owner should know about including balance sheets, profit & loss statements, cashflow. For more business and finance news, advice and tips (including all things accounting!), don’t forget to subscribe for updates or follow us on social media- we would love to hear from you!
Above all you can improve your financial understanding and well-being. Plus make more profit, save tax and time, and your money mindset. How wonderful is that?
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Contact us if you need help figuring out and sorting your financial and cash flow planning, your tax , payroll and other accounting and business matters. For more business and finance , news, advice and tips, don’t forget to subscribe and watch our weekly videos on I Hate Numbers, listen to our weekly podcast I Hate Numbers.