Financial Basics for Small Businesses

Understanding Financial Statements Free lesson 5 lessons

5 lessons

Income Statements Free

Understand how business income and expenses are recorded and summarized.

Video time: 04m 06s

Video time
04m 06s

Significance of the Income Statement Free

The Income Statement (aka the Profit and Loss) is a key to making well-informed financial decisions.

Video time: 06m 21s

Video time
06m 21s

Balance Sheets

Understand the meaning of assets, liabilities, and equity, and how this report is different from the profit and loss.

Video time: 03m 12s

Video time
03m 12s

Significance of the Balance Sheet

Understanding this report will help users identify errors and generally see the health of a business, regardless of it's size.

Video time: 04m 40s

Video time
04m 40s

Cash Flows

This report tells the story of a business, where the money is coming from, and where it's going.

Video time: 04m 21s

Video time
04m 21s

Taxation and Business Entities Free lesson 2 lessons

2 lessons

Entities, Tax Types, Payroll, and More Free

Identify different terms and tax types

Video time: 07m 24s

Video time
07m 24s

US Tax Forms for Small Businesses

Recognize terms such as sales tax, excise tax and use tax

Video time: 03m 42s

Video time
03m 42s

Costs and Expenses 2 lessons

2 lessons

Cost of Goods Sold

Learn to identify which expenses are actually a cost of sales

Video time: 03m 07s

Video time
03m 07s

Expenses (and What are Not Expenses)

Learn about categorizing expenses

Video time: 03m 10s

Video time
03m 10s

Understanding Accounting Methods 1 lesson

1 lesson

Accounting Methods

Identify the differences between cash basis and accrual accounting

Video time: 04m 57s

Video time
04m 57s

Conclusion and Review 1 lesson