Demystifying Equity on the Balance Sheet

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Information Demystifying Equity on the Balance Sheet

Title	:	Demystifying Equity on the Balance Sheet
Lasting	:	14.05
Date of publication	:
Views	:	14 rb

3:59 - Thanx alot for Cash Withdrawal/ Personal Transfers
Comment from : @IronDesh

I hate mcgraw hill
Comment from : @jerrymcflurry8498

Just learned why my balance sheet always looked like a mess in my old business, lol I never "closed out" the year About to watch your video on year end bookkeeping (post a link here maybe?)
Comment from : @the1da1nc

You are really amazing! thank you very much
Comment from : @ClaudiaLozano-z7b

Hi Clara,brbrYou mentioned that opening balance could be what the cash at bank that you start with How do you record the other items you bring to the business For instance, vehicles, buildings etc How are they recorded in the equity section? Thank you
Comment from : @tshephomonamesi2757

Great
Comment from : @faranak-uv8hk

Can you explain in detail how you do the taxes account Do you just do a transfer to the tax account?
Comment from : @SashaJordanTheBookkeepingBaddi

Can retained earnings become asset for another year?
Comment from : @NIRMAL154

Very helpful, even as an accountant myself, i learned some good practice techniques here Thanks!
Comment from : @Triniboi05

Thank you for content I’m going forward in ownership and entrepreneurship If you have book or great audiobook recommendations to grab I’d like that
Comment from : @BebosAgency

Thanks for sharing your video Is there an additional accoubt for contributions from owners? Do you close Equity for an S-corp to Capital account rather that Retained Earnings? Thanks
Comment from : @tatianamarkelova754

Awesome job 🙌🏽 Needed that
Comment from : @stewartsnacks

Im doing my own books for my business cleaning up and doing the last six monthschecking my entries etc and LITERALLY hunted for this info all over qbo's website and that opening balance equity was a kicker also, I wasnt sure how to categorize my draw and the taxes you explained it very well and provided excellent examples thank you so much for sharing! I have shared your channel with my sister who runs her own biz and FINALLY is tacking her books with qbo instead of spreadsheets! ❤🦋
Comment from : @niameanspurpose

Hi Clara I am helping a small company set up QuickBooks The owner and his inlaws loanded the company money to start the company I would have thought to add this as a LOAN from officer and a loan from inlawsbrbrYour video gives me teh idea what ever moneys and "things" start teh company on day one is not a loan to be paid back Yes? No? Thanks
Comment from : @gellerpricebookvideos4159

If I am trying to get the value of my company using any valuation method EBITDAx , should owner contribution included in the equity(assets) section be deducted from the final brbusiness value?
Comment from : @scotolivera8207

I am more confused now I thought I was making profit not earnings HELP
Comment from : @alonzolopez6264

Thank you for this! I am an account and have a bookkeeping company This is how I do my JE’s to close out the equity section yearly on the balance sheet of my clients I do this because it just make sense and this is how I would do it on paper I have asked others a couple of times to see if this was actually correct but got no response So being able to see that I am actually doing it correctly within Quickbooks really makes me happy Thank you again!
Comment from : @findingtina7967