Small Business Finance: Accounting Part 2

If you weren't an accounting major, then some of its terminology may seem like a totally different language. So in this second course, we'll define some basic accounting terms. We'll go over various accounting documents that every business needs, including balance sheets, income statements, cash flow statements, and revenue forecasts. We'll also discuss the four general types of taxes and what the government requires of small businesses, from both a state and federal level.