Virtuous Woman Finance

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Understanding the 4 main types of financial statements, along with the information they provide, is an important quest of yours, especially if you're a small business owner, who's looking to attract investors.

Let's lay them out:

1. Balance sheets

The balance sheet is a statement that shows all the liabilities, assets and capital of a given business or organization, at a specific point in time.

2. Income statement

The income statements show a business/company's expense, gains, losses, and income.

All of these factors are then put into an equation to calculate the net profit/loss for a given time period.

3. Statement of shareholders

This is a statement that allows shareholders to see how their investment is moving.

The shareholder statement can also be useful for a company to determine the decisions about future issuances of stock shares.

4. Cash flow statements

Last but not least, we have the cash flow statement, which provides data about all the inflows of cash in a company.

Those include ongoing internal operations, as well as external investment sources.

These are the 4 fundamental statements in a business that you should learn and understand, whether you have an already existing company, or are planning to start a business.

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A dollar today is worth more than a dollar tomorrow! What does that even mean? In simple terms, what you can get for a dollar today is more than what you can get for a dollar in the future. One way to have more buying power in the future is to invest!

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Hey everyone! I am happy to present a YouTube channel named 90 Seconds of Wisdom with new videos added each week! Plenty of great and inspiring content to watch. Today's video features myself where I share some wisdom and insight on finance and money management. Please feel free to like and share this post. Also, don't forget to subscribe to this amazing channel🙂. Be blessed!💝
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Sabrina Pilet | CEO Virtuous Woman Finance This Podcast episode features Sabrina Pilet who is the CEO and founder of Virtuous Woman Finance and a real estate, investor. She shares her personal wisdom ...

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