The INCOME STATEMENT for BEGINNERS

👉 Confused by accounting? Download this free cheat sheet: https://accountingstuff.com The 'Income Statement', or 'Profit and Loss Statement' (P&L) is one of the three major Financial Statements, along with the Balance Sheet and the Statement of Cash Flows. In this tutorial, we'll build an Income Statement from the ground up using the basic principles of Accounting. 🔴Subscribe for more Accounting Tutorials → https://geni.us/subtothechannel ⏱️TIMESTAMPS 00:00 - Intro 00:08 - Financial Statement Definition 00:41 - What is a Basic Income Statement? 00:55 - What is a Detailed Income Statement? 01:52 - How to Make a Basic Income Statement 03:19 - How to Make a Detailed Income Statement 🔗VIDEO LINKS ▪ Income Statement → https://youtu.be/0--AvwZabIQ ▪ Balance Sheet → https://youtu.be/CMv1zlZhb4Q ▪ Cash Flow Statement → https://youtu.be/DiVPAjgmnj0 ▪ Book Review → https://youtu.be/oNw4guzrzG4 🔝 CLOUD ACCOUNTING SOFTWARE ▪ XERO (Free Trial / Discount) → https://xero5440.partnerlinks.io/08mfchsgfw8z ▪ QuickBooks Online USA (Free Trial / Discount) → https://geni.us/quickbooksonlineusa ▪ QuickBooks Online Canada (Free Trial / Discount) → https://geni.us/quickbooksonlinecanada 🔎FAQ ▪ My Favourite Accounting Book for Beginners → http://geni.us/5mKR7m 🚶FOLLOW ME ON ▪ Instagram → https://www.instagram.com/accountingstuff ▪ TikTok → https://www.tiktok.com/@accounting_stuff ▪ Facebook → https://www.facebook.com/thisisaccountingstuff/ 🎬LEARN ACCOUNTING BASICS FOR FREE ▪ The Full Playlist → https://www.youtube.com/playlist?list=PL5zKSeS09l339nB6ujJPQ9Rsv99_b-aTb ________________________ DISCLAIMER Some of the links above are affiliate links, where I earn a small commission if you click on the link and purchase an item. You are not obligated to do so, but it does help fund these videos in hopes of bringing value to you! ________________________ #accounting #accountingstuff