Bean Counting 101 - understanding your books and your accountant

Do you really understand the financial statements you get from QuickBooks or your accountant? • What is my balance sheet telling me? • Do I really know what my P&L is saying? • What is the “statement of cash flows”? Should I be getting one of those? • What are “prepaid assets”? • What are “accrued liabilities”? • Why do I need to know this