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The Baking Professional's Guide to Financial Statements
Welcome
Introduction: Make sure to watch both videos from the instructors! (4:40)
About the instructors
Disclaimer
Accounting & Bookkeeping Basics
Brief History of Accounting
The Accounting Equation & The Main Financial Statements (3:40)
Important Accounting Terminology
Understanding the Financial Statements
The Balance Sheet (2:10)
Income Statement aka Profit & Loss Statement (3:41)
Statement of Cash Flows (2:11)
Accounting Specifics for Baking Businesses
Cost of Goods Sold (COGS) (10:57)
Profit First Method for Baking Businesses (13:05)
Software Options for Accounting & Bookkeeping
Quickbooks Online (8:02)
Excel Spreadsheets
Bake Diary (9:35)
Conclusion
Closing Thoughts
BONUS Video!
Full Demo Video of Bake Diary: Cloud-based Bakery Software (40:47)
About the instructors
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