Taking the time to look at your financial information is a critical task for all small business owners. But where do you start? And what numbers should you be looking at? What reports do you need to look at? And what are you even looking for!?

This video will show you how to do a basic annual financial review for a small business.

Other videos mentioned:
Expense review: [ Ссылка ]
Revenue review: [ Ссылка ]
Reports in QBO: [ Ссылка ]

0:00 Introduction
1:08 Numbers tell a story
2:35 P&L by Month
6:50 P&L YoY
8:05 P&L as a % of Income
10:05 Budget vs. Actual
11:20 Balance Sheet

If you want more help preparing a budget for yourself, we have a profit planning workshop where we go through this process here: [ Ссылка ]

Need a small business CFO? Visit our website here to learn more about Clara CFO Group services: [ Ссылка ]
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💲 Need an accounting system? We use Quickbooks Online with clients and recommend it as the best accounting system for small businesses. Sign up to get a discounted subscription for 12 months! [ Ссылка ]

🙋‍♀‍Got Employees? Talk to ADP! They can help you if you are a small business owner or an accountant or advisor who works with small businesses. Learn more here: [ Ссылка ]

💸Pay vendors any way they want and get paid faster! Accept credit cards without paying merchant fees! Melio is a fantastic payments solution for every small business! [ Ссылка ]

(As an affiliate or referral partner for these companies, I may earn rewards from qualifying purchases)

Hannah Smolinski is a #CPA and the Founder of Clara CFO Group. Find out more about Clara CFO Group at [ Ссылка ]

Disclaimer: This video is intended for educational purposes and
should not be taken as legal or tax advice. You should consult with your financial professionals about your unique financial situation before acting on anything discussed in these videos. Clara CFO Group, LLC is providing educational content to help small business owners become more aware of certain issues and topics, but we cannot give blanket advice to a broad audience.

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