{"id":1221,"date":"2017-04-20T21:49:17","date_gmt":"2017-04-20T21:49:17","guid":{"rendered":"https:\/\/myquickbookkeeping.com\/?p=1221"},"modified":"2017-05-30T18:29:24","modified_gmt":"2017-05-30T18:29:24","slug":"understanding-your-balance-sheet-in-quickbooks-online","status":"publish","type":"post","link":"https:\/\/myquickbookkeeping.com\/tailwind\/?p=1221","title":{"rendered":"Understanding your Balance Sheet in QuickBooks Online"},"content":{"rendered":"<style type=\"text\/css\"><\/style><p>The Balance Sheet is an excellent tool for helping you to manage your business and its finances.<\/p>\n<p>It can also be a little bit confusing and difficult to understand.<\/p>\n<p>In this video I walk you through the balance sheet for the sample company in QuickBooks Online and explain all of the different categories.<\/p>\n<p><iframe loading=\"lazy\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/E9ElrtIi5JQ?feature=oembed\" frameborder=\"0\" allowfullscreen><\/iframe><\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-medium wp-image-1218\" src=\"https:\/\/myquickbookkeeping.com\/wp-content\/uploads\/2017\/04\/pexels-photo-29594.jpg\" alt=\"\" width=\"1\" height=\"1\" \/><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-medium wp-image-1219\" src=\"https:\/\/myquickbookkeeping.com\/wp-content\/uploads\/2017\/04\/pexels-photo-29594-1.jpg\" alt=\"\" width=\"1\" height=\"1\" \/>If you understand your balance sheet you will be able to set up your chart of accounts in a way that makes sense to you.<\/p>\n<p>It is important to reconcile your accounts each month. A well reconciled balance sheet will help you to manage your cash flow, know if your customers have paid you, and pay your bills in a timely manner.<\/p>\n<p>If you would like more information you can comment below, request a more detailed explanation on any of the areas or items on the balance sheet on my you tube link, or contact me through my site.<\/p>\n<p>If you would like to sign up for QuickBooks Online you can do so here.\u00a0 You will then also receive lots of helpful tips and how-to videos to help you manage your business and its finances.<\/p>\n<p>[\/cmsms_text][\/cmsms_column][\/cmsms_row]\n<p><\/p>","protected":false},"excerpt":{"rendered":"<p>The Balance Sheet is an excellent tool for helping you to manage your business and its finances. It can also be a little bit confusing and difficult to understand. In this video I walk you through the balance sheet for the sample company in QuickBooks Online and explain all of the different categories. If you&#8230;<\/p>\n","protected":false},"author":1,"featured_media":1530,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[18],"tags":[22,24,23,25],"_links":{"self":[{"href":"https:\/\/myquickbookkeeping.com\/tailwind\/index.php?rest_route=\/wp\/v2\/posts\/1221"}],"collection":[{"href":"https:\/\/myquickbookkeeping.com\/tailwind\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/myquickbookkeeping.com\/tailwind\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/myquickbookkeeping.com\/tailwind\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/myquickbookkeeping.com\/tailwind\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1221"}],"version-history":[{"count":1,"href":"https:\/\/myquickbookkeeping.com\/tailwind\/index.php?rest_route=\/wp\/v2\/posts\/1221\/revisions"}],"predecessor-version":[{"id":1490,"href":"https:\/\/myquickbookkeeping.com\/tailwind\/index.php?rest_route=\/wp\/v2\/posts\/1221\/revisions\/1490"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/myquickbookkeeping.com\/tailwind\/index.php?rest_route=\/wp\/v2\/media\/1530"}],"wp:attachment":[{"href":"https:\/\/myquickbookkeeping.com\/tailwind\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1221"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/myquickbookkeeping.com\/tailwind\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1221"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/myquickbookkeeping.com\/tailwind\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1221"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}