by adria | Sep 1, 2025 | xero
In this video, I discuss why there’s a discrepancy between the profit reported on Bob’s Profit and Loss statement, which is $21,000, and the actual amount in his bank account, which is only $17,000. I highlight key factors such as Bob’s drawings of...
by adria | Sep 1, 2025 | xero
In this video, I walk you through understanding your assets, specifically focusing on the depreciation schedule from the report your accountant provided. We look at Bob’s demo accounts, where we see that his new car, purchased for $30,000, is recorded at $26,087...
