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welcome to the video demonstration of the accounting book spreadsheet with this template you will be able to control your accounting entries and have an analysis of your financial statement in a given moment of the year so before we start let me warn you that this is an accounting book spreadsheet only for purposes of understanding your financial statement if you need to use for a legal reason to show to a government entity or stuff like that i advise you to hire an accounting company or an accountant because they will help you with legal demands and legal issues of your country and state so that being said let me start showing you the chart of accounts this is an area of the spreadsheet where youre going to register all the groups of assets liabilities revenues and expenses so you can use the spreadsheet in the best way possible so here just to show you we have assets that are divided in current assets and long-term assets you also have the liabilities that are divided in current li