Understanding your Balance Sheet

In this video, I dive into understanding your balance sheet, starting with the published version from your accountant. I highlight the importance of distinguishing between assets and liabilities, particularly focusing on the shareholder’s current account, which can indicate if you owe the company money rather than the other way around. If you find your current account listed under assets, it’s crucial to discuss this with your accountant to develop a plan to rectify it. Additionally, I show how to access your balance sheet for real-time insights. Remember, it’s essential to keep the company’s financial health in check, so take action if needed!

Ready to get started?

Your Name

Surname

Phone Number

Email Address

Name of Business

How long have you been in business?

Business Type Business Type Company Partnership Sole Trader Other

Do you use Xero? Do you use Xero? Yes No