Financial Statements for Small Business | Ep 014

If you run a business, or want to run a business, welcome to The Business Project Podcast!

In this episode we cover:

Financial Statements:

We will touch on the most widely used financial statements and why every business owner should know how to read them.

- Statement of Cash Flows
  Your cash flow statement, or statement of cash flows, shows the money that
  goes in and out of your small business. Cash flow statements only record the
  actual cash you have.
   
- Profit And Loss
  Shows you your business’s profits and losses over a certain period of time.

- Balance Sheet
  Your business balance sheet tracks your company’s financial progress and is
  broken down into three parts:

  Assets
  Liabilities
  Equity


Helpful resources mentioned in this video:

Patriot Payroll/Accounting
https://www.patriotsoftware.com/?pc=R...



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