Accounting 101: Balance Sheet

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Many of our small business clients who are looking to get into business, lack the fundamentals in accounting to know how to judge the health of their business. In this first episode of a new series, I will show you the basics of accounting including financial sheets and how to use them. In this video, we are covering our first financial statement, the Balance Sheet. I’ll show what a balance sheet is, the components, and stay to the end on how you can use it for your business.
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Read the story: lavernesbdc.blogspot.com/2022...
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Video Chapters
0:00 Introduction
0:56 What is a Balance Sheet
1:43 Components of Balance Sheet
1:55 Assets
2:34 Liabilities
3:02 Equity
3:29 How to Use a Balance Sheet
3:52 Current Ratio
4:23 Quick Ratio
4:48 Debt to Equity Ratio
5:28 Conclusion
6:27 What to watch next
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