The balance sheet is a summary of your financial position and a specific point in time. Whether you’re a sole proprietorship, limited liability partnership (LLP), or private limited company (PTE LTD), understanding the balance sheet is key for your business!
Join Laura, Sleek's Finance Manager, in the third episode of Ask My Accountant (AMA) as she explains the fundamentals of the Balance Sheet.
Outline:
00:00 - Introduction
00:34 - Balance Sheet: How it looks like
01:08 - Balance Sheet: Why you need to love it
01:30 - Balance Sheet: Assets, liabilities & equity
02:31 - Balance Sheet: Current and non-current asset
02:52 - Current asset: Cash
03:18 - Current asset: Accounts receivable
03:31 - Current asset: Inventory
03:37 - Non-current asset: Fixed asset
04:28 - Non-current asset: Long-term deposits
04:46 - Current liability: Accounts payable
05:23 - Current liability: Loans
05:34 - Non-current liabilities
05:41 - Equity
06:30 - Key reasons to love your Balance Sheet
07:08 - Wrap up
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24 июл 2024
