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Step 4

Well Tuesday night I set aside the time to start my step 4. I started off by watching Maria’s video and decided it would be easiest if I completed my spreadsheet with Maria. I actually really enjoyed this step and dealing with all the numbers.

When I was up to entering the last statement everything seemed to click for me. I had remembered the fundamental equation of accounting from chapter one, assets = equity + liabilities, but this was memory only and not much understanding, until I entered in my financial statements. Seeing all the common numbers between the 3 statements helped me to understand how they all work together.

I think after a couple hours my spreadsheet is complete, however I will go over and check I haven’t missed anything before saying yep all done.

Hope everyone else enjoyed this step as much as I did, otherwise I’m the crazy one by myself!

Thanks for reading, I have attached my spreadsheet and any feedback is much appreciated.

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