This is a well presented video. Since I do the same content, allow me to borrow some of your style in my student accounting series.... Congrats and great job.
How this will works in a scenario like mine. Let's say we planning to open small business (Soap Factory). Total of 4 persons owned the business. We decided to collect $5000 each (Which is $20,000) to start the business and we collect all money in business account. 1) For Operating Activities: - Spending on soap materials - Spending on employees - Spending on building rent - Revenue from Soap sales 2) For Investing Activities: - Purchase of Soap machine 3) For Financial Activities: - Cash received from bank - Cash spend on loan repaid My question is how do we label money that we collected to start the small Business? I guess, what's the name for it? PS: I'm loving your videos. We decide to open a small business so I decided to research on ACCOUNTING.
You will need to record those things on your balance sheet and income statements as well. If you're really opening a business, maybe look into a CPA to help you out.
Try us for free - we’ll do one month of your bookkeeping and prepare a set of financial statements for you to keep: bit.ly/3s9voOu With Bench, you get a bookkeeping team to complete your monthly books and help you make decisions to support the best interests of your business. We’ve helped thousands of small business owners take back more time to focus on doing what they love! With Bench on your team, you’ll have properly completed books to help you: 1. Get real-time insights into the financial health of your business 2. Manage your expenses with detailed expense tracking 3. Use bookkeeping records for loan applications and loan forgiveness 4. File your taxes at tax time with our annual financial package, and make the most of your tax deductions Plus, if you ever have questions, your dedicated team of experts are just a quick message away in the Bench app.
Great content. Aidan is adorable and well-spoken. Thank you!
This channel is great! I watch these videos instead of reading the lame-ass ebook my professor gave me lol. A + on my exam!!
The best video on explaining accounting terms. Great presentation!
one of the best video I ever watched, she is explaining the topics in the a very simple way, keep the great work, you are simply great
please keep doing more videos on accounting understanding better love this series
Great video this is exactly what I was looking for. Thank you for sharing. You gained a new subscriber here. Keep uploading great content.
This is super helpful. Thank you!
She explains it so well
*Thanks, Aidan. Very useful n interesting video. Your voice is def listener-friendly. Thanks, again.*
love this series! Please keep doing more!
SHES BACK
This is a well presented video. Since I do the same content, allow me to borrow some of your style in my student accounting series.... Congrats and great job.
Thanks so much for this, made it easier to understand 🙌🙌
Good presentation delivered in a lucid & clear manner, good job !
Thank you so much for making accounting engaging!
How this will works in a scenario like mine.
Let's say we planning to open small business (Soap Factory). Total of 4 persons owned the business. We decided to collect $5000 each (Which is $20,000) to start the business and we collect all money in business account.
1) For Operating Activities:
- Spending on soap materials
- Spending on employees
- Spending on building rent
- Revenue from Soap sales
2) For Investing Activities:
- Purchase of Soap machine
3) For Financial Activities:
- Cash received from bank
- Cash spend on loan repaid
My question is how do we label money that we collected to start the small Business? I guess, what's the name for it?
PS: I'm loving your videos. We decide to open a small business so I decided to research on ACCOUNTING.
You will need to record those things on your balance sheet and income statements as well. If you're really opening a business, maybe look into a CPA to help you out.
That will be under financing activities, the cash from investors is treated like loan to the business.
Learned a lot from watching this video!
productive lesson, loved it. thank
Great video once again
change the title to [ Cash Flow Statment Basics for Small Business owners ] i guess you might have higher views
This is so helpful!!! The example is great.
Eloquently described
Try us for free - we’ll do one month of your bookkeeping and prepare a set of financial statements for you to keep: bit.ly/3s9voOu
With Bench, you get a bookkeeping team to complete your monthly books and help you make decisions to support the best interests of your business. We’ve helped thousands of small business owners take back more time to focus on doing what they love! With Bench on your team, you’ll have properly completed books to help you:
1. Get real-time insights into the financial health of your business
2. Manage your expenses with detailed expense tracking
3. Use bookkeeping records for loan applications and loan forgiveness
4. File your taxes at tax time with our annual financial package, and make the most of your tax deductions
Plus, if you ever have questions, your dedicated team of experts are just a quick message away in the Bench app.
Nice video! I just can't believe production didn't notice or tell her the shoulder strap of her top is dangling out. It's SO distracting!
5:56 Kobe :'(
awesome insights. thank you
💕for me, you're simply the best ....... 💕
Thanks madam
Maybe you guys should offer a school!
i like this one!
I'm not able to download templates unless I have an american phone number. I live outside USA.
🥰🥰🥰youre the best
I am not able to download your templates
awe some video
You should write a book
Music is a bit too loud and distracting for this kind of video
Adorable ^_^