If you've ever looked at your balance sheet and tried to make sense of the Equity Section and couldn't...you aren't alone! Equity is the most confusing part of the balance sheet for most small business owners, but NOT ANYMORE!
In this video, Hannah explains what you will see on a typical small business equity section and what it SHOULD look like. She also goes over some best practices and even shows you how to fix an equity section that has been neglected for years.
To learn more about CFO services, go to: https://claracfo.com/cfo-services/
💲 Need an accounting system? We use Quickbooks Online with clients and recommend it as the best accounting system for small businesses. Sign up to get a discounted subscription for 12 months! https://claracfo.com/QBO
🙋♀Got Employees? Talk to ADP! They can help you if you are a small business owner or an accountant or advisor who works with small businesses. Learn more here: https://claracfo.com/adprun
💸Pay vendors any way they want and get paid faster! Accept credit cards without paying merchant fees! Melio is a fantastic payments solution for every small business! https://claracfo.com/melio
(As an affiliate or referral partner for these companies, I may earn rewards from qualifying purchases)
Hannah Smolinski is a #CPA and the Founder of Clara CFO Group. Find out more about Clara CFO Group at https://claracfo.com/
Disclaimer: This video is intended for educational purposes and
should not be taken as legal or tax advice. You should consult with your financial professionals about your unique financial situation before acting on anything discussed in these videos. Clara CFO Group, LLC is providing educational content to help small business owners become more aware of certain issues and topics, but we cannot give blanket advice to a broad audience.
CODE: 46BMTOM5OTVB3PNK, Q8YP2N761LP14AKS
Watch video Demystifying Equity on the Balance Sheet online without registration, duration hours minute second in high quality. This video was added by user Clara CFO Group 06 July 2023, don't forget to share it with your friends and acquaintances, it has been viewed on our site 11,231 once and liked it 362 people.