Do You Know What You Own and Owe in Your Author Business?
Indie Author Biz Guide Podcast
More Info
Indie Author Biz Guide Podcast
Do You Know What You Own and Owe in Your Author Business?
Mar 07, 2023 Episode 14
Tora Moon

Episode 14
This is the fourth, and last, episode in our Financial Basics for Authors series. In this episode, I talk about knowing what your business owns, what it owes to others, and your owner equity. This information is shown on your balance sheet.

Download a sample financial statement (both the Income Statement and Balance Sheet) to look at while I walk you through them.

0:00 This week’s episode
0:33 Welcome to the Podcast
1:36 The Balance Sheet
2:09 The importance of the Balance Sheet
3:32 The Balance Sheet sections
3:43 Assets
6:56 Liabilities
10:41 Equity
12:09 What a Healthy Business looks like
12:22 An unhealthy business’ Balance Sheet
12:53 Resources to help you

Find out more about how I can help you with your author business with Author Business Coaching

Support the Show.

Additional show notes and transcripts are on my website:

Learn more about Micro Coaching

To get more in-depth assistance with your author business, my Author Business Coaching may be for you.

Get your free Indie Business Checklist
Check out my fantasy books
Learn more about, and purchase the book: Business and Accounting for Authors

Support the show, buy me a coffee!

Connect with me!
LinkedIn: tora-moon-author-bizguide
Facebook: indieauthorbizguide
Instagram: @toramoonindiebiz

Music, Inspiring Sunny Day, used on the show is licensed from Nazar Rybak via