Demystifying financial statements and their components

Financial statements can seem complicated and scary, especially if you’re a new business owner. The good news is that once you understand the basics and the terminology, you can become much more proactive when it’s time to make financial decisions that will impact the growth of your company. Talk about a win-win!

  • Get a handle on all the components of a balance sheet

  • Understand Accounts Receivable and Accounts Payable

  • Gain deeper knowledge of assets (current, long-term and fixed), liabilities and equity

  • Categorize and interpret your financial data

  • Learn about profit and loss (P&L) statements and what they really mean

  • Discover how to harness your data to proactively make better decisions for your company

Course Instructor

Finance Director - FRAXN

Cameron Smith, CPA

Cameron Smith has always loved working with numbers so it was almost a given that he’d turn his passion into a career. After earning an undergraduate degree in business administration and a master’s degree in accounting from Baylor University, he worked as a CPA for several accounting firms before joining FRAXN as its director of finance. Now, he enjoys supporting pest control owners by helping them take control of their finances and strategically grow their businesses. In his spare time, Smith likes to play golf, cheer on Baylor’s athletic teams, travel and spend time with friends and family.

Course curriculum

  1. 1
    • What is a balance sheet?

    • Assets, liability and equity

    • Accounts receivable/AR

    • Current and long-term assets

    • Fixed assets

    • Current liabilities: Payables

  2. 2
    • Income Statement or P/L

    • Cost of service

    • P&L Operating Expenses

Ready to Go Pro?

The Pro Plan includes 300+ lessons and new courses added every week.

Pro Plan includes all of the courses within Pest Daily, including "Sales School." New courses are always being added to the ensure our members are on the cutting edge. Subjects include sales, marketing, operations, hr, finance and accounting!