Understanding the Business Balance Sheet

Understanding the Business Balance Sheet in QuickBooks Online When you think about financial statements, do you ever feel overwhelmed? Let me show you how to generate your Balance Sheet report in QuickBooks. 😊 Remember, understanding your Balance Sheet is crucial for gaining insights into your business’s financial health and making informed decisions. A financial snapshot of your business. Resources mentioned in the video: Download the accompanying PDF guide here: Canduskampfer.com/balancesheet If you're looking for the Desktop version of this video, click here:    • What is a Balance Sheet? How to Use It Ins...   If you identify errors or discrepancies in your Balance Sheet, check out my additional training and resources mentioned below: Ready to learn how to set up and customize QuickBooks? Check out my A to Z training program: https://ConfidencewithQuickBooks.com If you already know the how-tos and are ready to advance your skills and learn how to clean up mistakes, check out my QuickBooks Simplified Community here: https://QuickBooksSimplified.com Ready to learn more areas of QuickBooks? Join us on our next workshop to learn how to design QuickBooks for your specific business... ➡️ https://CandusKampfer.com/workshop Receive our QB tips straight to your inbox each week visit: ➡️ https://CandusKampfer.com/tips Retained Earnings Training Videos: https://canduskampfer.com/?s=retained... Please share in the comments below any ah-ha’s or questions you have 💡 Timestamps: 0:00 - Understanding the Business Balance Sheet 0:32 - QuickBooks Desktop Users: Understanding the Balance Sheet 0:49 / 1:12 - Balance Sheet Report in QuickBooks Online 1:04 - Balance Sheet in Business View 1:09 - What Do You Need to Know to Understand the Balance Sheet 1:33 - You Need to Know What Your End Date Is in Pulling Reports 2:08 - You Need to Ask Yourself, What Am I Looking For? 2:40 - Cash vs. Accrual Reporting 4:08 - Different Accounts in Balance Sheet 5:30 - Confidence with QuickBooks: https://confidencewithquickbooks.com 5:41 - QuickBooks Simplified: https://quickbookssimplified.com 6:42 / 8:50 - Explanation for Accounting Equation 7:20 - Opening Equity Balance Video Tutorial 7:42 - Retained Earnings Video tutorial:    • Closing Equity into Retained Earnings in Q...   8:23 - https://canduskampfer.com/balancesheet 8:30 - Retained Earnings vs Net Income 9:10 - Types of Accounts that Are Not Showing in Profit and Loss 9:34 - Editing Accounts Title 10:45 - Finding Reports in Business View 11:48 - Remember 💡 11:58 - Join Candus Kampfer's Weekly QuickBooks Tips and Tricks https://canduskampfer.com/tips 12:05 - Customizing QuickBooks Workshop https://canduskampfer.com/workshop 12:19 - Cleaning up QuickBooks Workshop https://canduskampfer.com/cleanup I’d love to connect with you 🤗 Instagram:   / candus.kampfer   Facebook:   / canduskampfer   CandusKampfer.com: https://canduskampfer.com/ #CandusKampfer