Search results “Small business balance sheet”
Business Balance Sheet for Small Business Owners
http://www.AgileWealth.com/m12 Are you a Small Business Owners looking for a better understanding of the money and finances of your business? Finally Know what is going on in your business by reading the numbers and understanding the story they are telling you, instead of just going by intuition and gut instinct. Learn more about the Business Balance Sheet and the other Big 3 Business Financial Statements, including the Cashflow Statement and the Income Expense Statement by registering for a free download of Examples, Templates and additional Videos at http://www.AgileWealth.com/m12.
Views: 7289 AgileWealth
Create a simple Balance Sheet
Create a simple Balance Sheet
Views: 514890 ptionlinedivision
How To Do A Balance Sheet
http://www.accounting101.org/how-to-do-a-balance-sheet How to do a balance sheet: a balance sheet is a financial document that shows the assets, liabilities, and owners' equity of a company at a given point in time. It's different from the income statement in that it is a snapshot on any given day, whereas the income statement spans a time period. Most companies prepare their balance sheets quarterly and yearly. How To Do A Balance Sheet To put together a balance sheet, you'll obviously need all of the financial data from your different trial balances. In reality, the information for a balance sheet starts with the individual transactions, but the purpose of this article is just to show you how to organize a balance sheet. First of all, there are two sides to the balance sheet: the right and left side. On the left side, you'll have your assets. On the right side, you'll have two sections: liabilities and owners' equity. The left and right side will always be equal, and the main balance sheet equation is: Assets = Liabilities + Owners' Equity This makes sense because the Assets are on the left side, and it will always equal what is on the right side, which is the Liabilities and Owners' Equity accounts added together.
Views: 927765 SuperfastCPA
Tutorial of a Small Business Balance Sheet
Tutorial of a Small Business Balance Sheet. Part of the series: Finance & Business Advice. A balance sheet is the best friend of anyone running their own small business. Get a tutorial of a small business balance sheet with help from a business consultant in this free video clip. Read more: http://www.ehow.com/video_12163337_tutorial-small-business-balance-sheet.html
Views: 2061 ehowfinance
Balance sheet at the start of business
http://www.learnaccountingfast.com Video 9 how a balance sheet is built at the start of a business. This shows in very simple terms the impact on a start up company balance sheet. You can learn to go beyond the numbers to confidently manage a business from the financial reports.Street smart business skills based on reading and interpreting financial reports. Check it out at http://www.learnaccountingfast.com
Views: 19163 learnaccountingfast
What Is a Balance Sheet? Balance Sheet Definition And Examples
The Balance Sheet helps us to assess the risk of the business. By looking at it you will be able to answer to questions, such as: What is the leverage? Is the company liquid enough? Remember, leverage means the proportion between equity and debt, while liquidity is the capacity of the business to repay for its short-term obligations, to run the operations. Do you want to learn more? Join our course at this link https://www.udemy.com/become-a-financial-analyst-from-scratch-n1/?couponCode=websitecoupon The Balance Sheet is comprised of two main sections: - Assets - Liability and Equity The Assets sections i comprised of: CURRENT ASSETS: -Cash -Petty Cash -Temporary Investments -Accounts Receivable -Inventory GET THE BOOK HERE: https://gum.co/rsooN NON - CURRENT ASSETS - Plant, Furniture, Equipment… and so on. Liabilities are comprised of: CURRENT LIABILITIES - Accounts Payable - Accrued Expenses - Short-term loans NON CURRENT LIABILITIES - Long-term loan Equity is comprised of: - Owner's Equity - Retained Earnings Video transcript: Hi my name is Grandpa John, I will guide you through the accounting section of the MBA in pills offered by the four week MBA. for more business educational videos. check out this link. we saw in the accounting equation video, that the balance sheet, is divided in two main sections. the asset section, and the liability and equity section. more in detail. the asset section is comprised of current assets, and non current assets. main current assets are. cash, accounts receivable, inventories. prepaid expenses. the current assets, are called such, because they are usually on the balance sheet for one year, or less. the current assets are usually listed, on the balance sheet, according to their degree of liquidity. therefore, cash is the most liquid, while prepaid expenses, the least liquid.cash, is available at any time. accounts receivable, sum of money to be received from customers. inventory, a list of goods to be sold. prepaid expenses, sum paid in advance. the non-current assets are also called, long term assets. indeed, those are assets that will stay on the balance sheet for years. such as plants, equipment, furniture, and so on. on the other side of the balance sheet, we have, the liabilities and equity. liabilities, are comprised of current liability and non current liability. current liabiltiies, stay on the balance sheet, for less than a year. non current, for more than a year. Let's see the main current liabilities. accounts payable, sum of money not yet paid to suppliers, that will be washed away, once paid. accrued expenses, sum of money to be paid in the future, such as, payrolls, or tax the main non current liability is, long term debt. such as loans contracted with the bank. then, the equity. in this sub section are reported items, such as, owner's equity, retained profits and other kind of stocks, issued by the organization. lets see now few examples. jim sold $100 worth of clothes. his customer, Janet, paid with credit card. therefore, this will generate an account receivable, for $100, on Jim's balance sheet. jim, has to pay for utilities. since it is the first time he set up the account. he has to pay for $1,000 in advance. this advanced payment, will be shown as, prepaid expense. jim, this month, did not sell part of the clothes he bought in the previous month. the unsold clothes, will become part of his inventories. then, Jim had to pay $50,000 cash, to renovate the store. this $50,000 will show on his balance sheet, as building improvement, therefore, a long term fixed asset. jim, buys clothes for $1,000, with credit card. the payment will be processed in 30 days. this transaction, will generate an account payable, on jim's balance sheet. Jim, goes to the bank, to ask for a long term loan. the bank gives Jim, $50,000. this will generate a bank loan. showed under long term liability, on Jim's balance sheet. after a while. Jim accepts a new partner, Jasmine. Jasmine puts $50,000 and becomes equity partner. this transaction, will show on the balance sheet, as owner's equity. in conclusion, the balance sheet, is one of the main financial statements. it is like an instant picture. and it helps us to assess how risky a business is. in fact, when a company is too indebted. you can see it from the balance sheet. if liabilities are too much in comparison to equity, this can be very dangerous for the business.to summarize. the balance sheet is comprised of two main sections. it is an instant of the business. and, allows us to see how risky a business is. if you liked this video, and you found the topic interesting please live a comment at these links. if you would like to learn more, about other topics, contact us. Grandpa John here. You just enjoyed the accounting section of the MBA in pills offered by the four week MBA.
Views: 294328 The Four-Week MBA
Balance Sheet for ITR 4, How to make balance sheet for ITR 4 for AY 2018 -19 (Excel) , ITR 4 filing
Balance Sheet for ITR 4, How to make balance sheet for ITR 4 for AY 2018 -19 (with Excel Format), ITR 4: Many of you were asking why balance is required in case of ITR 4 as small businessman cannot maintain books of accounts. so in this video your query is answered. This video is containing an excel format for Tranding, Profit & Loss, Balance Sheet and capital account for ITR 4. ***Download Excel format of Balance sheet for ITR 4: https://cagurujii.blogspot.com/2018/07/how-to-prepare-balance-sheet-for-itr.html ***watch*** *** HOW TO FILE INCOME TAX RETURN (ITR 4) A.Y. 2018-19 FOR SMALL BUSINESSMAN (in hindi) | ITR 4 FILING*** https://www.youtube.com/watch?v=Qo4L9jzrAnc *** ITR 4 (SUGAM) FILE करने से पहले ये CONDITIONS जरूर जान लें | ITR 4 for FY 2017-18 and AY 2018-19*** https://www.youtube.com/watch?v=c5WLmxou5AY INCOME TAX RETURN VIDEOS: *** How to fill Housing Loan interest and principal in Income Tax Return, Housing loan details in ITR*** https://www.youtube.com/watch?v=0xIFd-jhyEU *** SALARY BREAK UP IN ITR 1 ( AY 2018 -19), HOW TO ADD SALARY DETAILS IN ITR AY 2018-19, SALARY IN ITR*** https://www.youtube.com/watch?v=vje6yoTDIDw *** how to file income tax return for interest income, FD or saving bank interest कैसे दिखाए ITR में*** https://www.youtube.com/watch?v=zEwbaBKVGPY *** HOW TO FILE INCOME TAX RETURN A.Y 2018-19 (WITH DETAILED FORM 16), Salary Details in ITR 1 2018-19 https://www.youtube.com/watch?v=qPGBvLn8KBE *** how to file income tax return for income from capital gain, How to show capital loss in ITR 2018-19 https://www.youtube.com/watch?v=e9PXuHcn488 *** HOW TO CHOOSE ITR FORM ITR1 ITR2 ITR3 ITR4 ITR5 ITR6 | New ITR form 18-19 | सही ITR FORM कैसे चुने?*** https://www.youtube.com/watch?v=na0kIFnuZ0w *** INCOME TAX RETURN FOR AY 18-19, List of document to FILE ITR, NEW ITR FILING PROCESS 2018*** https://www.youtube.com/watch?v=SoyoF3nUozg *** ऑनलाइन अपना TDS देखें और TDS निकालने की PROCESS जाने | TDS statement | How to check TDS | 26AS*** https://www.youtube.com/watch?v=Yz9XgaYECXA *** income tax return filing for FY 17-18 & AY 18-19 for pensioner or retired person | ITR1 live filing*** https://www.youtube.com/watch?v=mAy0IYYO2yE *** How to file Income tax return A.Y 2018-19 - इनकम टैक्स रिटर्न कैसे फाइल करे? New ITR1फाइल करें खुद*** https://www.youtube.com/watch?v=KRdxW80DyUo *** Income Tax slab rate for FY 2018-19 and AY 2019-20 | slab rate for FY 2018-19 | TAX RATE 18-19 | TAX*** https://www.youtube.com/watch?v=3oRHuf3z86w *** How to E-Verify Income tax return or ITR V (2018-19) to save time to send hard copy of ITR V to CPC*** https://www.youtube.com/watch?v=t7CWgvw2SY4 Visit our website: https://cagurujii.blogspot.in/ Follow Us: * Facebook Page: https://www.facebook.com/CAGuruji/ *Twitter: https://twitter.com/cagurujii *Instagram: https://www.instagram.com/caguruji/ * Website: https://cagurujii.blogspot.com/ * Our another channel *Right Info Corner: https://www.youtube.com/c/rightinfocorner ****Makeup products I usually apply for videos are: Lipstick: Sugar Cosmetics: https://amzn.to/2qK3IkU Lakme 9 to 5 : https://amzn.to/2HdcKh7 Foundation: Maybelline FIT ME: https://amzn.to/2qInXzp COMPACT: Maybelline FIT ME: https://amzn.to/2qK476V MASCARA: MAYBELLINE COLLOSAL MASCARA: https://amzn.to/2qKhDal KAJAL: MAYBELLINE COLLOSAL : https://amzn.to/2qKoi4p **Products I use for video recording: Mike for Audio recording: http://amzn.to/2xb0FVh iball Rocky with mike, headphone and speakers: http://amzn.to/2vnISYy Camera:http://amzn.to/2xbyvZY DSLR: http://amzn.to/2w1UMJB Xiaomi Redme note 4 : http://amzn.to/2g3kn14 Camera Stand: http://amzn.to/2xNB9FE Mini Tripod Universal YT-228 for Digital Camera & All Mobile Phones- Black (YT-228 Tripod) http://amzn.to/2xO1Av2 Laptops: Lenovo Ideapad 320E 80XH01GKIN 15.6-inch Laptop (6th Gen Core i3-6006U/4GB/1TB/FreeDOS/Integrated Graphics) http://amzn.to/2f1WZgQ HP HP 15 HP Notebook 15-BS549TU 2017 15.6-inch Laptop (Celeron N3060/4GB/500GB/Windows 10 Home Single Language(64 bit)/Integrated Graphics), Jet Black http://amzn.to/2xNK4XW Desktop: Lenovo 510S-08IAP 90GB000QIN 21.5-inch All-in-One Desktop (Intel Core i3 7th Gen/7100/4GB/1TB/DOS/Integrated Graphics) LED IPS Monitor: http://amzn.to/2xNepWm Please Like, Share and Subscribe Thanks #caguruji #itr #itr4 #balancesheetforitr4 #balancesheet #balancesheetforitr
Views: 60523 CA Guru Ji
A Balance Sheet Example
http://www.accounting101.org/balance-sheet-example The balance sheet is easy to understand... once you understand why what goes where. The balance sheet example on this page, as well as the video, will help explain what the balance sheet is, how it's organized, and how to interpret the information on it. The balance sheet is an extremely useful tool for all users to quickly get an idea of how a company is doing. The balance sheet is usually described as a snapshot of a company's financial position. This is because the balance sheet is accounting for a single moment in time; not over a period such as the income statement. You'll notice in the example below, that the date is December 31, 2011. It basically means, "this is what we have, and this is who owns it as of today, December 31st, 2011." In contrast, the income statement would show a time period, such as "for the period ending December 31, 2011." As you can see in the example above, there are three major parts or sections that make up the balance sheet. These are: Assets Liabilities Owners' Equity Assets are the things the company owns. These are things such as cash, accounts receivable, inventory, prepaid insurance, prepaid rent, and goodwill. There are basically two classifications of assets; current assets and fixed (or long-term) assets. Current assets are assets that will be used within one year. Current assets include cash, accounts receivable, inventory, prepaid insurance, and prepaid rent. There are other types of current assets, but those are the most common. Fixed assets are assets that will be around for longer than one year. Fixed assets include buildings, equipment, goodwill, and land. Asset accounts have a debit balance. Liabilities are the obligations that a company has to repay. A liability could be amounts owed to a creditor, or to a vendor for supplies and inventory. Some examples of liability titles that you'll see are notes payable, accounts payable, wages payable, interest payable, income taxes payable, bonds payable, and unearned revenue. An easy way to spot a liability is anything that has the word "payable" in it. This obviously means an amount that still has to be paid, and will always represent a liability. Another type of liability is when a company receives payment for a product or service that they haven't delivered yet. This is called unearned revenue. Like assets, liabilities are also classified into both current and long-term liabilities. The same rules apply: a current liability is an obligation that has to be repaid within one year, and a long-term liability is an obligation doesn't need to be repaid within a year. Liability accounts have a credit balance. Owners' equity, or stockholders' equity is basically the portion of the assets that the owners of company own. Since assets=liabilities+owners' equity, the assets of the company are either owned by someone external such as a creditor, or they are owned by the owners of the company, usually in the form of stockholders. The account titles in the owners' equity portion of the balance sheet are usually common stock, preferred stock, paid-in capital in excess of par, and retained earnings. Owners' equity accounts have a credit balance.
Views: 314807 SuperfastCPA
Introduction to the Balance Sheet
The balance sheet is a snapshot of the assets and liabilities of a business at a moment in time and how those net assets are financed by capital and reserves. This short revision video introduced and outlines the main features of a standard balance sheet.
Views: 49109 tutor2u
Small Business Tips : Small Business Balance Sheet
A balance sheet helps small businesses keep track of their money. Learn about a balance sheet with tips from a business consultant in this free small business video. Expert: Daniel Diener Contact: www.bscusa.com Bio: Daniel Diener is a co-owner of the Business Success Center in Central Texas and has been helping businesses for over 25 years. Filmmaker: Demand Media
Views: 5937 eHow
Small Business Finance:: preparing and using financial statements (Part 1 Balance Sheet)
With perspective of a new business, venture how to prepare and use financial statements. Small business finance: preparing and using financial statements: Part-1 video: Setup the scenario of a start-up and then discussed its balance sheet https://youtu.be/_RPcyB8mZaQ Part-2 video: Discuss the income statement of the start-up after 6 months of its operations https://youtu.be/Nb4v3V7ljoo Part-3 video: Discuss the internal operating schedules of the start-up which will determine how numbers under the head of COST OF GOODS SOLD is computed. In addition, how inventories balance is calculated in the next balance sheet, which is prepared right after 6 months of the operations. https://youtu.be/vdUdKnUsdA0 Part-4 video: Discussion of Cash flow Statement and how it is linked to balance sheet https://youtu.be/bnAy510P4p8
Views: 223 Zubair Raja PhD
How to Create a Business Accounts Ledger in Microsoft Excel : Debit Credit Balance
How to Create a Business Accounts Ledger in Microsoft Excel : Debit Credit Balance Virtual Office Training Virtual Office Training provides basic and advanced level computer, internet, commerce, mobile technology related education for free. For More Interesting updates like Facebook Page And Subscribe My Channel on YouTube. Facebook Page : https://www.facebook.com/Virtual-Office-Training-267325770007332/ YouTube Channel : https://www.youtube.com/user/virtualofficetrain My Blog : http://virtualofficetraining.blogspot.com/ Don't Forget to Like, Comment, Share and Subscribe to My Channel
Views: 164586 virtualofficetrain
Basics Of Profit & Loss + Balance Sheet (Money Story: Indigenous Village Small Businesses)
http://littlefish.com.au Village & Indigenous people need business skills NOW to make sustainable use of their environment.10 year's time TOO LATE! Cover core of Profit & Loss, Balance Sheet & Cross Cultural issues. We build a sophisticated visual reporting system over time from this foundation. This video is part of Little Fish's Money Story ® and FIGARS series. FIGARS: Financial Information Graphical Accounting Records System The Money Story ® system: Our main aim is to help organizations establish a common language so that finances can be talked about in a way which everyone can understand. The Money Story ® system: Our main aim is to help organizations establish a common language so that finances can be talked about in a way which everyone can understand. The majority of the people who live closest to the most critical areas of the environment have to struggle hard to survive. Without an economic incentive, most have little choice but to exploit their environment. They need economic and business skills now. It's in everyone's interest to support this. The Money Story ® system is designed to help village, indigenous and similar groups of people make a success of their businesses. Many of these people have extended families. So, emphasis is placed on helping them fit their business operation into their preferred social environment. The system is also a great way for funding organizations to ensure a high level of transparency in financial reporting. The Money Story ® is an information flow system which combines easy to understand graphics and storytelling with strong focused analysis. It enables anyone to understand key financial management concepts regardless of the level of their literacy or numeracy. It's about learning on the job. Above all, it's about owners thinking for themselves and getting solid practical results.
Views: 2353 HughFromAlice
The Importance Of The Balance Sheet
The Balance Sheet is an important tool for small business owners. This video explains how it basically works. For help with your bookkeeping, email [email protected] or https://www.peakviewbookkeepingandconsulting.com/ Music credit: https://www.youtube.com/watch?v=e_xTaYxHutQ https://www.youtube.com/watch?v=p5Vdy7yLMEo&list=RD-SAT_7THzsQ&index=13 https://www.youtube.com/watch?v=xFojdNGsMok&index=27&list=RD-SAT_7THzsQ
Views: 742 Jeff Hone
Using a Balance Sheet to Analyze a Company
Balance sheets are one of the 3 financial statements that we use to measure the value of a company. A balance sheet gives the value of all of the assets and liabilities in a company, and shows the difference between the two as equity. http://bit.ly/1K9srFX To sign-up for my Transformational Investing Webinar, visit the link above. Think you have enough money saved for retirement? Learn more: http://bit.ly/1ONX2I1 Don't forget to subscribe to my channel here: http://ow.ly/RNAnK Looking to master investing? Attend one of my FREE 3-Day Transformational Investing Workshops. Apply here http://bit.ly/r1workshop _____________ For more great Rule #1 content and training: Podcast: http://bit.ly/1S9IyGw Blog: http://bit.ly/1PiELnA Facebook: https://www.facebook.com/rule1investing Instagram: https://instagram.com/ruleoneinvesting Twitter: https://twitter.com/Rule1_Investing Google+: +PhilTownRule1Investing Pinterest: https://www.pinterest.com/rule1investing/ analysis of balance sheet, reading balance sheet, how to read a company balance sheet,
Balance Sheet Tutorial! - Reading a Balance Sheet!
Balance sheet tutorial. Reading a balance sheet. Hopefully after watching this balance sheet tutorial video you understand how to read a balance sheet. On the financial education channel we know about reading a balance sheet. My favorite book on Investing http://amzn.to/2xpcpWs My second Favorite book on Investing http://amzn.to/2cQqPDD My favorite book on business http://amzn.to/2cfY71k My favorite Personal Finance http://amzn.to/2ckIqUE My favorite movie about the stock market http://amzn.to/2cQLLx1 My second favorite movie about the stock market http://amzn.to/2cGyxhL My favorite movie about business http://amzn.to/2cGzLcI Awesome Camera I use http://amzn.to/2cGznuW Professional Microphone I use http://amzn.to/2d5eLh5 Nice affordable Tripod I use http://amzn.to/2cfXPaD Bright lighting set I use http://amzn.to/2cQMw9B Laptop I use to Edit http://amzn.to/2d5dJ4U Camera I use for professional business photography http://amzn.to/2ckGLP6 Drone I use for my Business http://amzn.to/2ctNlAw
Views: 106261 Financial Education
Business Financial Statements for Small Business Owners
http://www.AgileWealth.com/m12 Are you a Small Business Owners looking for a better understanding of the money and finances of your business? Finally Know what is going on in your business by reading the numbers and understanding the story they are telling you, instead of just going by intuition and gut instinct. Learn more about the Big 3 Business Financial Statements and why they are Critical to your small business. The Big 3 financial statements are the Business Balance Sheet, the Cashflow Statement and the Income Expense Statement, and you can register for a free download of Examples, Templates and additional Videos at http://www.AgileWealth.com/m12.
Views: 2679 AgileWealth
Balance Sheets : Creating a Balance Sheet for a Small Business
The first step in creating a balance sheet for a small business is to calculate their assets, whether they're short-term or long-term, and their liabilities. Find out what is contained within the owner's equity portion of a balance sheet, such as retained earnings, with help from an experienced accountant in this free video on balance sheets. Expert: Ryan Lavigne Contact: [email protected] Bio: Ryan Lavigne has over seven years of experience working in accounting and finance. Filmmaker: Michael Burton
Views: 4936 ehowfinance
Balance sheet kaise banaye | Balance kaise banaye in hindi | final account ka balance sheet kaise ba
Balance sheet kaise banaye | Balance kaise banaye in hindi | final account ka balance sheet kaise banaye
Views: 130775 Vivek Kumar
This video explains how a small businessman can prepare his own balance sheet in very easy and simple manner with the help of an excel format. You all must be aware that providing balance sheet data is compulsory for filling income tax return (ITR4). Thank you all for watching the video. You can download the balance sheet format with the following link: https://drive.google.com/file/d/1OXSCwTBywBPQRZWJUb9E1YNkBygIQUGD/view?usp=sharing After watching this video you would be able to know : What is balance sheet ? How to prepare balance sheet for income tax return purpose ? How to prepare balance sheet for filling ITR ? How to prepare balance sheet for filling ITR 4 ? Is it compulsory to fill balance sheet date in ITR ? Is it compulsory to fill balance sheet date in ITR 4 ?
Views: 32138 Tax Guru Ji
Using Financial Statements In Your Small Business - Part 1 - Balance Sheet
Find out how to run a balance sheet in Xero and use it to make decisions in your business. In this video you will learn how to find out how much you owe the tax office at any time, how much you owe to supplier, how much customers owe you and where your cash went.
Views: 64 Watson & Watt
Balance Sheets : Making a Balance Sheet
When making a balance sheet, be sure to include the assets, that which the company owns; the liabilities, that which the company owes; and the equities, that which the company invested. Create a thorough and accurate balance sheet for any type of company with information from an accounting professor in this free video on business. Expert: Shawn Jones Contact: www.argosy.edu Bio: Shawn Jones is an accounting professor at Argosy University in Salt Lake City, Utah. Filmmaker: Michael Burton
Views: 31751 eHow
5 Minute Finance Lesson: Balance Sheet
A brief overview of the balance sheet to help entrepreneurs understand their business finances. See the full post here: http://www.catecosta.com/balance-sheet-basics/ Are you an entrepreneur or aspiring entrepreneur who needs help turning your fabulous idea into a profit-generating startup or small business? Visit www.CateCosta.com for more tips to help you take the first step or check out one of my helpful eCourses: https://goo.gl/ohn5dq -~-~~-~~~-~~-~- Watch the latest from New Venture Mentor: "Why You Should Focus on Tax Optimization, Not Tax Minimization" https://www.youtube.com/watch?v=dP7PaX38rk0 -~-~~-~~~-~~-~-
Views: 1190 Cate Costa
Balance Sheet Tutorial - Making Important Business Decisions
http://www.evancarmichael.com/support/ - SUPPORT ME :) Like this video? Please give it a thumbs up below and/or leave a comment - Thank you!!! Hi I'm Evan Carmichael and today I want to talk about a topic that a lot of entrepreneurs are scared about but shouldn't be and that's your balance sheet. Many entrepreneurs know a balance is something their accountant gives them at the end of the year but they don't really know how to use it to make important business decisions. So, in this video I want to quickly talk about what a balance sheet is, what the main elements are, and then give you some tips and strategies on how you can use the information in your balance sheet to run your business, potentially raise money for your business and also sell your business. Here we go! Learn more at: http://www.simplyaccounting.com/businessResources/accounting_basics/cash_flow/Balance-Sheet-Tutorial Background music used with permission from YouTube user Calikokat (http://www.youtube.com/user/calikokat1)
Views: 6022 Evan Carmichael
The Small Business Owner's Guide to the Accounting Balance Sheet
Subscribe Here: https://www.youtube.com/user/funderaloans?sub_confirmation=1 Our Latest Videos: https://www.youtube.com/user/funderaloans/videos?spfreload=10 Your Accounting Balance Sheet answers one simple question: What is your company worth? In the video above, we'll show you some transactions to help demonstrate how the Accounting Balance Sheet works, how to analyze it, and a bit on how to review it. Have a question? Email us at [email protected] Fundera Hompage: https://www.fundera.com/ Fundera Ledger: https://www.fundera.com/blog Facebook: https://www.facebook.com/fundera/ Twitter: https://twitter.com/fundera Instagram: https://www.instagram.com/gofundera/
Views: 617 Fundera
Bookkeeping in Excel Cash Book with Balance Sheet
Use this Excel Cash Book template with Balance Sheet for your business bookkeeping to track your monthly Income and Expenses. Download this free template from here:- https://www.beginner-bookkeeping.com/excel-cash-book.html You can change the account headings, put the months into order of your financial year, enter monthly closing stock balances (based on periodic inventory), track your profit or loss result and with the Balance Sheet see what your business net worth is. This is the second of two Excel Cash Books and contains more features than the first one. The first one is aimed at getting you started with easy Bookkeeping. Here is the video for the Excel Cash Book Easy:- https://youtu.be/yWNf2o2Y3WE This template has 14 income accounts, 30 expense accounts and 10 balance sheet accounts. You can delete or hide accounts, or add more if required.
Views: 2424 Beginner Bookkeeping
5 Minute Finance Lesson: Financial Statement Basics
Watch the latest from New Venture Mentor: "How to Beat Your Bigger Competitors in Attracting and Retaining Top Talent" https://www.youtube.com/watch?v=b4OD44N7a6k --~-- This video is a brief tutorial on the basics of the 3 main financial statements: the balance sheet, statement of cash flows, and income statement. It provides a bare bones description of each of the 3 statements for those without a business or accounting background. CHECK OUT THE UPDATED VERSION OF THIS VIDEO AT http://www.catecosta.com/5-minute-finance-lesson-financial-statement-basics/ Please note that the 3 financial statements used in the video should be considered separate examples and do not match up to one another.
Views: 209109 Cate Costa
Bee Business Bee Balance Sheets and Income Statements Tutorial
Join BeeBusinessBee in this tutorial investigating the concepts of the Income Statement (Profit and Loss Account) and Balance Sheet. This tutorial looks at what information can be obtained from these financial documents for a business and covers key financial terms such as profit quality and depreciation. This should be a useful revision tool for your AQA BUSS3 Business Studies exam. More resources can be found online at; www.beebusinessbee.co.uk
Views: 39605 Bee Business Bee
Balance Sheet for Dummies
In financial accounting, a balance sheet or statement of financial position is a summary of the financial balances of a sole proprietorship, a business partnership, a corporation or other business organization, such as an LLC or an LLP. Assets, liabilities and ownership equity are listed as of a specific date, such as the end of its financial year. A balance sheet is often described as a "snapshot of a company's financial condition".[1] Of the four basic financial statements, the balance sheet is the only statement which applies to a single point in time of a business' calendar year. A standard company balance sheet has three parts: assets, liabilities and ownership equity. The main categories of assets are usually listed first, and typically in order of liquidity.[2] Assets are followed by the liabilities. The difference between the assets and the liabilities is known as equity or the net assets or the net worth or capital of the company and according to the accounting equation, net worth must equal assets minus liabilities.[3] Another way to look at the same equation is that assets equals liabilities plus owner's equity. Looking at the equation in this way shows how assets were financed: either by borrowing money (liability) or by using the owner's money (owner's equity). Balance sheets are usually presented with assets in one section and liabilities and net worth in the other section with the two sections "balancing". http://www.garguniversity.com Check out Ebook "Mind Math" from Dr. Garg https://www.amazon.com/MIND-MATH-Learn-Math-Fun-ebook/dp/B017QEIF18
Views: 24088 Garg University
(*Small Business Balance Sheet*) The Current Ratio
http://www.profitworks.ca/easy-to-use-accounting-software In this short video I describe how a small business can use its balance sheet to keep a close eye on one of the most common problems and bankruptcy drivers among small or new businesses......liquidity. Let me know what you thought of this video by leaving a comment below.
Views: 171 Profitworks
Cashflow Statement for Small Business Owners
http://www.AgileWealth.com/m12 Are you a Small Business Owners looking for a better understanding of the money and finances of your business? Finally Know what is going on in your business by reading the numbers and understanding the story they are telling you, instead of just going by intuition and gut instinct. Learn more about the Cashflow Statement and the other Big 3 Business Financial Statements, including the Business Balance Sheet and the Income Expense Statement by registering for a free download of Examples, Templates and additional Videos at http://www.AgileWealth.com/m12.
Views: 1010 AgileWealth
How to create income statement and balance sheet in excel AUTOMATIC 1/2 ||Urdu Hindi||
This tutorial is very useful and next step in accounting , in this tutorial you will learn the advance excel functions by creating an automatic balance sheet and income statement which will be linked from trial balance.. (Language is Urdu/Hindi) Thanks Template can be downloaded from : http://myolesson.com
Views: 102509 Learn With Purpose
Balance Sheet and Profit & Loss Reports - Accounting 101 #6
The end game in accounting is to see how much the business is worth and how much money is being made (or lost). In this lesson, we'll explore the Profit & Loss and Balance Sheet Reports. View the lesson, quizzes and exercises at http://www.smallbusinessdoer.com/lessons/ae-cheat-sheet-part-6-balance-sheet-and-profit-loss-reports/ Download the Accounting Equation Cheat Sheet by becoming a Small Biz Doer member at http://www.smallbusinessdoer.com
Views: 9351 Small Biz Doer
The Art of Startup Finance: Financial Foundations - Your Balance Sheet
The foundation of your financial structure is your balance sheet. It provides the details of your assets and your liabilities, and it also shows your shareholders equity. In this video, Bill Reichert teaches the basic elements of the balance sheet, and explains how investors will assess the health of your company by analyzing your balance sheet. THIS VIDEO CAN HELP ANSWER: What information is on a balance sheet? What is included in my liabilities? What is our debt-to-equity ratio? Why is this important? What will investors want to know about my balance sheet? ABOUT THE KAUFFMAN FOUNDERS SCHOOL Visit the website: [http://bit.ly/1EW2br7] The Kauffman Founders School presents a powerful curriculum for entrepreneurs who wish to learn anywhere, anytime. The online education platform features experts presenting lectures in series modules designed to give Founders a rich learning experience, while also engaging them in lessons that will make a difference in their business today, tomorrow, and in the future. The Kauffman Founders School series modules include Powerful Presentations, Intellectual Property, Founder's Dilemmas, Entrepreneurial Selling, Entrepreneurial Marketing, Surviving the Entrepreneurial Life, Startups, and much more. © Ewing Marion Kauffman Foundation.
ITR | How to Prepare Balance Sheet ?
~~~~~~~~~~ VIDEO IS ABOUT: Income Tax, ITR, Balance Sheet, तुलन पत्र, What is Balance Sheet, How to Make/Prepare Balance Sheet in Income Tax, Assets, Liabilities, Creditors, Debtors, How to Prepare, Income Tax Filing, ITR Filing, ITR for Professionals, ITR for Businessmen... ~~~~~~~ ABOUT US: Hello Friends, We regularly post Videos related to Income Tax and GST (Goods and Services Tax) on our YouTube Channel. If You want to co-relate with us in making a healthy and vigilant environment of Taxation. Plz Hit "SUBSCRIBE BUTTON" and also "NOTIFICATION BELL ICON" next to it. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ CONNECT WITH US ON SOCIAL NETWORKS: Twitter: http://www.twitter.com/drpawanjaiswal Facebook: http://www.facebook.com/drpawanjaiswal LinkedIn: http://www.linkedin.com/in/drpawanjaiswal
How To Create A Personal Balance Sheet
A Simplistic Version Of A Personal Balance Sheet
Views: 5472 Mike Daly
3. Hindi: Fundamental Analysis (Balance Sheet - I)
In the earlier two videos we have seen how to study the Profit & Loss Statement of any manufacturing company. In this video we would be studying the Balance Sheet of a company and what to look for in it. It is suggested that viewer watches the earlier videos before this one, as the same example is being brought forward from the earlier two videos. The earlier videos can be viewed here: https://www.youtube.com/playlist?list=PLqq6GEawfJdrXZDhQ3h2S-HLeVUwkBUy7 Balance Sheet is the other important financial statement of any company, after Profit & Loss Statement. Together the P&L Statement and Balance Sheet give a complete picture of the company's financial position. If a balance sheet is healthy, and continues to grow in a healthy manner, the stock price will rise sooner or later. In a falling market, share of companies with strong balance sheets fall less. Thus it is extremely important to understand at least in a very basic manner how to identify a good balance sheet and how to steer away from a bad one. The single important factor between companies which have created wealth for investors over long periods of time and across various markets all over the world has been the controlled level of debt on the balance sheets of these companies. No company can become a multi billion one overnight just by amassing loads of debt. Debt is not a substitute to time. Profitable and wealth creating companies are those which, on the contrary do not take huge debt and keep doing what they do best for long, very long, periods of time, consistently. The real hallmark of a potential multibagger is consistency in operations with low debt on balance sheet and high return on equity for investors. Please write your feedback and comments so that we can incorporate that in our future videos. To know more about online trainings call Shailesh on 8600043130. Thank you for watching (Y)
#91 How To Make Balance Sheet In Excel HIndi
How to Create Balance Sheet in Microsoft Excel [Urdu / Hindi] [Advance Excel] .
Views: 67427 Shahab Islam
Income Expense Statement for Small Business Owners
http://www.AgileWealth.com/m12 Are you a Small Business Owners looking for a better understanding of the money and finances of your business? Learn more about the Income Expense Statement and the other Big 3 Business Financial Statements, including the Cashflow Statement and the Business Balance Sheet by registering for a free download of Examples, Templates and additional Videos at http://www.AgileWealth.com/m12.
Views: 1522 AgileWealth
Xero Balance Sheet: What to Look For - Accounting Clarity for Entrepreneurs and Small Business
This is the third Accounting Clarity for Entrepreneurs tutorial by Kahuna Accounting. We will be posting weekly tips to help your business properly navigate the often challenging tasks of accounting and bookkeeping. Visit http://www.KahunaAccounting.com for more information, tips, blog posts and more. We support entrepreneurs by providing virtual accounting services and offer programs to handle your business’ bookkeeping. Here is a full transcript of this lesson on what to look for when viewing your balance sheet on Xero cloud accounting software: As we continue our series on Accounting Clarity for Entrepreneurs, we are taking another step in understanding monthly financial reports. Last week, we covered the income statement and what to look for. The income statement is a view of financial activity over specified periods of time. This is helpful for looking at expenses and reviewing their ROI and also good for seeing times of growth and momentum. Today, we are going to look at the Balance Sheet, which provides a different financial picture for the business. The balance sheet is a view of the business as a whole. Let’s take a look: With the balance sheet, we’re able to see the total Assets, Liabilities and Equity and ultimately where the business stands as a whole today. When looking at this, you are doing a quick pulse check on the overall health of the business. When you look at the balance sheet, a few things to look at are the cash on hand and the debt. Has the debt gone up or down over the past few months? Has the cash on hand gone up or down? Is your cash in a healthy position to cover debt obligations and bills or do you have to go further into debt? By reviewing these key numbers you get a true sense of how healthy the business is and what needs to happen going forward. Next, you definitely want to look at the Aged Receivables. This is where you’ll find a report of all the invoices you’ve created that haven’t been paid. This can happen for a number of reasons. The client can forget. Their credit card could have failed. You may have created the invoice, but never sent it out. Whatever the reason, this is cash in your business that you are not receiving and it’s very important. Pull this report every month and find out who owes you, how much they how you, and how long it’s been. You will want to follow up with these people and collect the money you are owed sooner than later, because the longer it goes, the more difficult the conversation. Knowing the importance of cash flow, this is a critical place where entrepreneurs can usually boost their cash flow in a simple way. Similarly, this report provides a glimpse of payments that are due for the business. As you review this, just take a look and make sure you are on track to pay on time and have a system in place for making payments efficiently. If you are falling behind on payments, take a critical look and find out why. Is it because of cash flow challenges? Is it because of poor systems? Take time every month to take the pulse of your business. As entrepreneurs, we are so close to our business day-to-day that it’s hard to step back and see the big picture. These reports are a great way to check the pulse. Here’s a quick recap of what to do: 1. View the balance sheet and see where things stand at a big picture level 2. View the aged receivables and make sure you are collecting what you are owed 3. View your aged payables and make sure you are staying on top of vendor payments and bills. If you want a system that will easily track all these numbers and present you with the reports, you should definitely consider working with the Kahuna Accounting team of experts. View www.kahunaaccounting.com/growth to learn more.
Views: 806 Kahuna Accounting
Startup Financial Model - Balance Sheet Assumptions
The Startup Financial Model is an easy-to-use financial projection software app for those who are planning, launching, or running a startup or small business and want an excellent financial model to enhance their business plan and capital raising efforts. The business plan assumptions are entered in an easy-to-use, step-by-step format. The Startup Financial Model app handles both recurring and one-time sales models for offerings and works for all business models: software, services, product manufacturing, etc. All reports are automatically calculated and produced and the summary report is ideal for your pitch deck. To see exactly why clients are raving about our financial projections software, check out our 15-day free trial: https://app.startupfinancialmodel.com/signup?pro=freetrial
Tech Tips: Tracking Income and Expenses with Google Sheets
Do you like to keep track of your income and expenses manually? Tracking income and expenses is really easy with Google Sheets and Excel. Use can harness the formula builder to make tracking totals and averages a lot easier. In this video, I’ll be going over my personal template for using Google Sheets to track my income and expenses. With this template, I have all of the categories I want in the document ready to go and the formulas preinstalled. You can simply follow my template as shown in the video, but if you’d like to access this template with all of the formulas preinstalled, you can purchase it here: http://bit.ly/2nYfLry (you’ll get both the Excel and Google Sheets versions with your purchase). To learn more about how I track my income and expenses with this template, read the entire blog post here: http://buff.ly/1VGyd5R This video is number 13 of a 31-part series on my blog called “31 Days to Become a More Efficient Virtual Assistant”: http://bit.ly/31DaysVirtualAssistant For more Tech Tips on my channel, you can binge-watch the entire Tech Tips playlist here: http://bit.ly/TechTipsYouTube ____________________________________________ Michelle Mangen is the founder of Your Virtual Assistant, a business that provides comprehensive virtual bookkeeping services. Michelle formerly worked in upper management with a property developer and property management company in Milwaukee, WI. Michelle and her staff had to learn how to keep things running smoothly without always having the resources to keep up. From this experience, Michelle learned how to increase productivity by using automation and other efficiency-enhancers to help get more done in less time. Your Virtual Assistant was born out of a desire to help sole proprietors and small businesses reclaim lost time spent on their accounting and bookkeeping tasks. By helping to offload these tedious (but important) business tasks, Michelle supports business owners while they balance their work/life schedule. With the unique blend of productivity and bookkeeping/accounting expertise, Michelle takes on time-consuming business tasks and completes them faster while preserving meticulous details. Please rate and comment on this video if you have any questions or you’d like to see more videos like this! If you need virtual bookkeeping services, click here: http://www.thevirtualasst.com/ If you’d like to find a comprehensive virtual bookkeeping package, click here: http://www.thevirtualasst.com/bookkeeping-packages If you know you need accounting and bookkeeping services but don’t know where to start, feel free to contact us and we’ll discuss options related to your business: http://www.thevirtualasst.com/contact-us Want to learn how to make an easy online address book? Click here: http://bit.ly/EZAddressBook Process QuickBooks transactions faster with these simple naming tweaks: http://bit.ly/FastQuickBooks Learn how to easily create mailing labels in Excel and Word: http://bit.ly/MailingLabels Follow Michelle here: Website: http://www.thevirtualasst.com/ YouTube: https://www.youtube.com/user/YVAmmangen Twitter: https://twitter.com/mmangen LinkedIn: https://www.linkedin.com/in/michellemangen
Views: 33368 Michelle Mangen
Introduction to Balance Sheet Accounting
Introduction to the concept of Assets equal to Liabilities plus Equity. Also included are examples of how business transactions are recorded as debits and credits to various accounts. This video is part of the Quick Books for Small Business class of the Successful Entrepreneur Program at Independence Community college. For information about this self-paced, online class contact Jim Correll at 620-332-5470. Contact information: Jim Correll, Successful Entrepreneur Program, Independence Community College, 620-332-5470, [email protected] See also: "Cash Flow Projections for Small Business" http://youtu.be/agbSIYMCNy4 "Using Community Non-Profit for Flexibility in Business Incubation" http://youtu.be/rxLA3KEEj1g "Top 10 Myths of Business Incubation" http://youtu.be/I5A52PpPHx0
Views: 5982 Jim Correll
How to Prepare Financial Statements
How to Prepare Financial Statements for Your Business or Corporation- A Practical Guide. For a transcript of this video, and to download the slides and spreadsheet, see http://madanca.com/blog/how-to-prepare-financial-statements/#more-2068 Follow us on Twitter - https://twitter.com/Madan_CA Like us on Facebook - https://www.facebook.com/MadanCharteredAccountant Add us on Google Plus- https://plus.google.com/u/1/108551869453511666601/posts Download any of our free eBooks available on our website: http://madanca.com/free-tax-secrets/ (Including Tax Tips for Canadians, Personal Tax Planning Guide for Canadians: 2014 Edition and 20 Tax Secrets for Canadians) Table Of Contents 00:39 -- Getting Organized 01:20 -- Prepare Expenses Spreadsheet 03:24 -- Special Accounts 05:30 -- Calculate Tax Depreciation 06:41 -- Income statement 07:44 -- Balance Sheet Disclaimer: The information provided in this video is intended to provide general information. The information does not take into account your personal situation and is not intended to be used without consultation from accounting and financial professionals. Allan Madan and Madan Chartered Accountant will not be held liable for any problems that arise from the usage of the information provided in this video.
Views: 85058 Allan Madan
Balance sheet land mines. Why you need all the financials to understand. How to buy a business
I tell the story of some Chinese buyers who hire me to look at a business they are thinking of buying. The income statement looks fine but the real problem is in the balance sheet. ▼▼CLICK ▼▼SHOW MORE▼▼FREE INFO & AUDIO BOOK▼▼ ★★★★★ Sign up for my MailChimp e-mail list http://eepurl.com/brqqjb ★★★★ ★Learn to buy a business with my full-day course. Find, analyze, value, structure, finance and execute your deal with this information: http://www.BusinessBuyerAdvantage.com ★How to do Small Local Investing Deals from A-Z. All the tools you need to make loans and leases to people and small businesses in your community: http://www.LocalInvestingCourse.com ★All three of my books in one Bundle: http://gum.co/dOntJ/20000 ★Buy my Book, Franchise Warnings. http://www.FranchiseWarnings.com ★Buy my Book, Invest Local. http://gumroad.com/l/quoB ★Buy my Book, Credit Card Advantage. http://gumroad.com/l/jgfa ★FREE 15 Business Finance Articles. http://gum.co/gCXjx/Free ★FREE How to find local investing deals audio book: http://gum.co/dEnAu/free ★Visit my blog http://www.InvestLocalBook.com ★Sign up for my MailChimp e-mail list http://eepurl.com/XKdW1 ★Talk to me on the phone about a deal you're working on or a decision you're considering http://www.clarity.fm/davidbarnett The Invest Local Book blog is all about small business, local investing, home economics, franchises, small business systems and borrowing money for your business. It's full of great content and I look forward to seeing your feedback. Please don't forget to subscribe to my YouTube channel so you don't miss any great content.
Views: 921 David Barnett
The Balance Sheet - Understanding this Snapshot of Your Business
Are you wondering how to have a snapshot of your business? Learn about three major things you can look for on your Balance Sheet to understand your business cash flow. Looking at just one part of the picture is not enough. Compare these three things on your balance sheet over the last year to get the full picture of your small business. 1) Accounts Receivable 2) Accounts Payable 3) Inventory Steven Schlagel is a CPA and Certified Valuation Analyst with offices in both Durango, CO and Farmington, NM. More than the typical CPA, Steve mentors, coaches and consults with small business owners just like you every day to help them solve problems and build value in their business. Small Business Mentor | Small Business Coach | Small Business Consultant http://stevenschlagel.com/videos/the-balance-sheet-understanding-this-snapshot-of-your-business/#.UiZYND8rxCo
Views: 614 Steven Schlagel
Accounting / Bookkeeping spreadsheet - 3 min. overview (Ledgers, Income Statement, Balance Sheet)
The Microsoft Excel Spreadsheet (with built in macros) available for download at https://legaltree.ca/node/2198 provides a set of ledgers, an income statement, and a balance sheet which can be used by a small business to apply double entry bookkeeping / accounting to ensure its books balance. Videos explaining the spreadsheet: 17 minute video explaining general operation of the spreadsheet, https://youtu.be/kzx5CfTOFzk 25 minute video explaining relevant accounting principles, https://youtu.be/WSw7vFxk-AU 1.5 hour very detailed explanation on use of the spreadsheet, https://youtu.be/KSvSqH3Ffcg Written instructions Detailed written instructions on operation of the spreadsheet available at: https://legaltree.ca/node/2212
Views: 4496 Michael Dew
financial reports 101, balance sheet and income statement overview, basics, and best practices
financial reports 101, balance sheet and income statement overview, basics, and best practices. Financial statements are written records that convey the financial activities and conditions of a business or entity and consist of four major components. Financial statements are meant to present the financial information of the entity in question as clearly and concisely as possible for both the entity and for readers. Financial statements for businesses usually include income statements, balance sheets, statements of retained earnings and cash flows but may also require additional detailed disclosures depending on the relevant accounting framework. Financial statements are often audited by government agencies, accountants, firms, etc. to ensure accuracy and for tax, financing or investing purposes.
Profit and Loss Account and The Balance Sheet -Introduction
To support you can donate via PAYTM by following this link http://p-y.tm/PdIMBe8d7 OR via upi at [email protected] A brief discussion on Profit and Loss Account with Balance Sheet in Hindi. Thanks for watching my videos. Support, Share and Subscribe! Gear I use: For writing on screen: http://amzn.to/2wSA955 Microphone : http://amzn.to/2w8ktKk Laptop: http://amzn.to/2wJo8jd Link for my facebook page: https://facebook.com/thecommercetutor Website: http://www.thecommercetutor.com Links of my other videos: Final Accounts: The Trading Account {Hindi} https://youtu.be/S903iuef5DQ An Introduction to Final Accounts {Hindi} https://youtu.be/-fg5bo3_zMA Capital and Revenue Receipts AND Deffered Rev. Exp.- Concepts explained in Hindi - https://youtu.be/xB9_0AVWJr8 CAPITAL AND REVENUE- MOST IMPORTANT CONCEPT IN ACCOUNTING - PART 1 [HINDI] - https://youtu.be/3PI6nAqQ0LA Problem on Trial Balance in Hindi - https://youtu.be/nvCjDZFDXpU Trial Balance - Errors disclosed and not disclosed https://youtu.be/NKXY20poRf8 TRIAL BALANCE - CONCEPT, FEATURES, ADVANTAGES AND FORMAT [HINDI] https://youtu.be/UubgH-6zFB0 SIMPLE PETTY CASH BOOK [SINGLE COLUMN] - WITH SMALL PROBLEM IN HINDI https://youtu.be/g-QYKxVZ8M4 PETTY CASH BOOK - CONCEPT AND TYPES [HINDI] https://youtu.be/PClOM8--FOI PROBLEM ON TRIPLE COLUMN CASH BOOK https://youtu.be/rodiyF2QN00 TRIPLE COLUMN CASH BOOK - CONCEPT WITH ILLUSTRATION [HINDI] https://www.youtube.com/watch?v=Bv8aFPpuPuI PROBLEM ON DOUBLE COLUMN CASH BOOK [HINDI] https://www.youtube.com/watch?v=1Y7HGnJQmZs DOUBLE COLUMN CASH BOOK- CONCEPTS INCLUDING CONTRA ENTRY [HINDI] https://www.youtube.com/watch?v=PsfFfitxzLY CASH BOOK- PART 2: SINGLE COLUMN CASH BOOK WITH SMALL PROBLEM https://www.youtube.com/watch?v=8MSj102t-C4 CASH BOOK- PART 1: CONCEPT, FEATURES, ADVANTAGES & TYPES https://www.youtube.com/watch?v=1LXrblt1iqw
Views: 367532 The Commerce Tutor
Balance Sheet, Cont'd: Owner's Equity
Brought to you by StratPad: Simple Business Plan App. Try it free at http://www.stratpad.com In this video, we complete our look at the balance sheet. You'll learn about owner's equity and its two components: common stock and retained earnings. Then we'll show you how assets, liabilities and owner's equity all come together to create balance in the balance sheet. http://www.stratpad.com/financial-statements-made-easy-video-course/balance-sheet-owners-equity/ Video Transcript OK, final piece of the balance sheet is owner's equity, which appears at the very bottom and consists of several lines, but at the very least two lines: Common stock, which is the amount of money that shareholders have invested in the company. In a small business, this is typically the amount that the founder put in when they first started the company. Retained earnings are the total of all the profits and losses for the company since the company began, up until today. So let's put a couple of numbers in here. Common stock — let's say that the founder put in $5,000 back a couple of years ago. Let's say that the retained earnings, the total of all the losses and the profits since the company began were $70,500. So we put a line there and we'll now total all of the items in owner's equity, which would be $75,500. But we're not done yet, because remember that we had a total liabilities in the previous video of $115,500. So we're going to add that to the $75,500 and we're going to end up with a subtotal of $191,000 even. We'll double-underline that ($191,000). And you may recall that $191,000 is exactly the same as the total of the assets. Let me put this altogether now so you can see the big picture. Ok, the balance sheet is sometimes also shown as a two-sided statement with assets on one side and liabilities on the other like this. Alright, to finish this off — a really fast recap: On the left, the assets, divided into current and long-term assets and this number ($16,000) is equal to cash, AR plus inventory. Building and machinery down here ($150,000 and $25,000) subtotals to $175,000. And then the $16,000 and the $175,000 becomes $191,000 total assets at the bottom. And then on the other side, liabilities and equity. We start off with liabilities, which is divided into both current and long-term, just like the assets. Accounts payable and taxes, subtotaled to $3,500. We have long-term liabilities of a mortgage and a loan, which subtotaled to $112,000. Add $3,500 and $112,000 and you get to $115,500. Owner's equity — we have the initial investment by the owner of $5,000 and the total of the profits and the losses since the company began of $70,500. Add those up and we get to $75,500. But wait, we're missing just one thing. Now what we need to do is subtotal, or add, the $75,500 of owner's equity with $115,500 of the liabilities to end up with $191,000. Double-underline, and magically that number is the same as this one ($191,000). Congratulations, two done and one financial statement to go. Next up — the statement of cash flows.
Views: 11814 Alex Glassey