Balance Sheet Explained in Simple Terms - Accounting Balance Sheet Tutorial in Excel

Sorry, to be clear, the balance sheet is part of the paid program. But, you can easily set this up while watching this video!

In this video I break down the Balance Sheet and explain how this report represents a small business. If you are a small business owner, you should be looking at your business reports and you should understand how the Income Statement works with the Balance Sheet - all explained in this video!

Download my free business spreadsheet template here: https://www.amandarussell.mba/gettheb...

Other videos you may like here:

What is a Holding Company?    • What is a Holding Company? - Holding ...  
Does the LLC save taxes?    • Tax Benefits of LLC vs. Sole Propriet...  
Sole Proprietor vs. LLC vs. S-corp:    • Sole Proprietor vs. LLC vs. S-corp: W...  
How Businesses are Taxed:    • How To Choose Your Business Structure...  
9 Short Steps to Create Your LLC:    • 9 Steps to Create Your LLC  

In summary, this video explains the balance sheet in simple terms and shows you how to make a balance sheet in excel or google sheets. This is an entire balance sheet tutorial that shows the balance sheet explained as simple as possible. Balance sheet accounting is the summary of everything that happens in your business. The Income Statement and the Balance sheet work together to represent a business' accounting.