Balance Sheet Course|CPA Bookkeepers

Accounting can be damn frustrating ! It seems like accountants and CPAs talk a different language:

Retained Earnings - Balance Sheet – Statement of Cash Flows - Debits – Credits

Neil D Rischall CPA understands your pain and has spent the last twenty years putting the complex world of accounting into language you understand. Now he has taken all of that experience and boiled it down to a simple course that gets delivered to you for FREE.

Would you settle in a foreign country without knowing the language ? Financial Statements are the financial language of business. Will any excuse get you back the money you invested in a business when you could have read the handwriting on the wall if you understood the language it was written in ! Neil is making this information available for FREE before he includes it in an ebook that will have this information and more. So grab this course now before the offer is gone.

So first and foremost financial statements are essential tools for understanding and running your business, yet that is not the only reason for them. The following true story will illustrate how much ignorance of this practical knowledge could cost you.

Let me tell you about my client David. Before he came to me as a client, he had a Pharmacy at a time when big competitors were coming in and starting to carve out his market, and David would have been more than happy to sell.

One day, a man walked in and said, “I want to buy this place.” Now if someone comes in and wants to buy your business, they usually make a generous offer because they are looking to buy instead of you having to sell. And a generous offer is what David got – an offer of $2 million. But the deal never went through. Why?

Because when the potential buyer asked to see the previous year’s tax return, David happily handed it over. (Now what you have to understand at this point is, a tax return essentially combines and summarizes two parts of a financial statement, your income statement and your balance sheet.) This tell's anyone who reads it exactly how much money you've been making and where it's been going.

If David had read and understood his return, he would have never have handed it over, because the buyer took one look and knew instantly that the balance sheet was bogus - the return showed millions of dollars for that year but an inventory of less than $10,000.

So the buyer looked at the return, he nodded, told David, “I’ll get back to you,” and left. David never heard from him again.

Simple. If he had understood that financial statements are the vital statistics of any business, he would have known what his balance sheet should have looked like. He would have made sure that his financial statements were accurate. And he would never have shown a bogus return to a potential buyer.

It's that ultimately, you’re responsible for your own business and its financial statements. It’s fine to rely on someone else to prepare your financial statements, but you should never rely on anyone else to understand them for you.

Can you imagine a carpenter who doesn’t know how to use the tools of his trade? He wouldn’t be in business very long. Well, your financial statements are crucial tool that show you what shape your business is in and how to make it more profitable.

How can you expect your business to survive and grow if you don’t understand or know how to use the financial documents ( tax returns and financial statements) that you’re paying your accountant or CPA to prepare?

I’ve spent the past 19 years educating my clients about their business and the financial reports that represent those businesses. Now you too can benefit from my experience with my complimentary course on financial records. In three straightforward lessons, you'll learn the language of financial concepts and statements (it’s all a lot simpler than you think) so you’ll feel in total control of where your business is – and where you want it to go.

Are you struggling to understand a Balance Sheet ?