Continuing on our dive into the two most common financial statements, today I will cover the balance sheet. The three sections of a balance sheet are assets, liability, and equity. In order to correctly read a balance sheet, you need to know how these sections correlate.

 

In this episode, I will explain how to properly understand the data portrayed and help you figure out whether or not your business is running at its full potential. Understanding the relationship between the sections of a balance sheet can really give you the upper hand when making business decisions.

 

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Related episodes:

166. What Does a Fractional CFO Do?

174. Building Wealth Habits with Candy Valentino

176. When Should You Hire a Fractional CFO?

 

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The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.