Why do I need to know this? - Your Financial Statements are the reports that show you the health and performance of your business. It is important to have a basic understanding of what each statement is & what it represents. This saves time on guesswork and reduces the anxiety of managing business finances.

Balance Sheet Explained - Gain clarity on your financial health with an understanding of your Balance Sheet. It provides a snapshot of your business's financial position at a specific point in time. This report includes your assets, liabilities and equity.

Income Statement Explained - Learning to understand your Income Statement, also known as the Profit & Loss, or P&L, provides clarity on your profitability. This report summarizes your business's revenues, expenses and net income for a specific period of time.