Velma Rose - Educational
Description
Vocal Characteristics
Language
EnglishVoice Age
Young Adult (18-35)Accents
North American (General) North American (US General American - GenAM) US African AmericanTranscript
Note: Transcripts are generated using speech recognition software and may contain errors.
as a business owner, you know, you need to look at your financial statements toe, understand the health of your business and how to plan for growth. But if you've ever felt confused by tryingto understand financial terms, you're not alone. Here are 13 basic terms you'll need to find your way around your financial statements. Let's start with revenue and expenses. Revenue is what a business earns when it sells a product or service. When this restaurant's customers pay by cash or card or are sent an invoice for catering completed. That's revenue, even if cash isn't received right away. On expense is when resource is air used to generate revenue. Paying a supplier employees the rent and utilities are all common expenses. But again, this may not mean that cash is paid out. When the restaurant pays a vendor in cash credit or check, it's an expense in managing your business. It's important to recognize the difference between two kinds off expenses, cost of goods sold or cost of sales and operating expenses