In this article I provide you with two videos that will explain how to read financial statements.

In the first video, I cover how the following effect your financial statements: Paying off Debt, Hiring an Employee, Buying with Credit, the Accrual Method, the Cash Method.

In the second video, I cover how product and service business balance sheets differ. I compare accrual method income statements to cash method income statements.

If you didn’t see the first video check that out here Financial Statements Video Pt 1.

Continue reading Financial Statements Video Pt 2 →

In this video tutorial I explain how to create financial statements. I use an example business and walk you though how balance sheets and income statements are effected by business transactions.

I also go over and explain the following:

• Assets
• Equity
• Liabilities
• Accounts Receivable
• Notes Payable
• Accounts Payable
• Prepaid Expenses

Continue reading Financial Statements Video →