Jeff Przech - Training Video (Corporate)
Description
Vocal Characteristics
Language
EnglishVoice Age
Middle Aged (35-54)Accents
North American (General)Transcript
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 to understand the health of your business and how to plan for growth. But if you've ever felt confused trying to understand financial terms, you're not alone. There 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 sent an invoice for catering completed. That's revenue, even if cash isn't received right away. On expense is when re sources are 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