Quickbooks
April 20, 2017

Understanding your Balance Sheet in QuickBooks Online

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The Balance Sheet is an excellent tool for helping you to manage your business and its finances.

It can also be a little bit confusing and difficult to understand.

In this video I walk you through the balance sheet for the sample company in QuickBooks Online and explain all of the different categories.

If you understand your balance sheet you will be able to set up your chart of accounts in a way that makes sense to you.

It is important to reconcile your accounts each month. A well reconciled balance sheet will help you to manage your cash flow, know if your customers have paid you, and pay your bills in a timely manner.

If you would like more information you can comment below, request a more detailed explanation on any of the areas or items on the balance sheet on my you tube link, or contact me through my site.

If you would like to sign up for QuickBooks Online you can do so here.  You will then also receive lots of helpful tips and how-to videos to help you manage your business and its finances.

The Balance Sheet is an excellent tool for helping you to manage your business and its finances.

It can also be a little bit confusing and difficult to understand.

In this video I walk you through the balance sheet for the sample company in QuickBooks Online and explain all of the different categories.

If you understand your balance sheet you will be able to set up your chart of accounts in a way that makes sense to you.

It is important to reconcile your accounts each month. A well reconciled balance sheet will help you to manage your cash flow, know if your customers have paid you, and pay your bills in a timely manner.

If you would like more information you can comment below, request a more detailed explanation on any of the areas or items on the balance sheet on my you tube link, or contact me through my site.

If you would like to sign up for QuickBooks Online you can do so here.  You will then also receive lots of helpful tips and how-to videos to help you manage your business and its finances.

Still need help?
Check this out.

Let's go!

Still need help?

We have what you need. Check out our courses and free resources to get more help managing your finances.

Let's go!