One of the most important aspects of a business is understanding its business assets and liabilities. Assets are what a company owns and can use to generate income, while liabilities are amounts the company owes to others. In order for your business to be successful, it’s essential to understand the difference between these two concepts.

This blog post will explain what assets and liabilities are, as well as provide some examples of each. Reading this post is a great way to start familiarizing yourself with the basics of business finance!

So, in conclusion, what are assets and liabilities? Assets are anything that has a financial value to your business. They could be something like cash, investments, or property. Liabilities, on the other hand, are any debts or obligations that your business has. These can include things like loans or mortgages. By understanding the difference between these two concepts and recognizing them in your business dealings, you’ll be able to make much more informed decisions about where your company is heading financially. Thanks for watching this video. If you want more information like this, please head over to my I Hate Numbers You Tube channel and hit subscribe. I’ll see you there!

And if you’re still feeling lost about Understanding assets and liabilities and don’t know where to start, our team at I Hate Numbers and out sister company Numbers Know How are here to help.

Are you ready to have an easier and more rewarding relationship with your numbers?  My book, I Hate Numbers helps you get there.

This book is based on my 27 + years in business, helping thousands of businesses survive and prosper.  It is an easy, humorous but serious read about running a business, having a financially rewarding relationship with your numbers, Furthermore, my book will help with that battle  between the ears, that all business owners experience.

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