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hey guys welcome to another episode so um today its a bit of a longer video but stick with me its totally worth it so today were looking at how to take a trial balance uh add a mapping and prepare your financial statements uh just the income statement and the balance sheet were going to look at a really like simplified uh example but its actually a real company that they do monthly reporting for and they use the exact same approach to get paid to do that so uh yep just wanted to share that with you lets go ahead and lets get started okay so what we have here is our income statement template and our balance sheet template and those are just like really simple templates that were going to attempt to create straight out of the trial balance for the year what we need to do in order to achieve this is to add some mapping just so were gonna have the fs this is gonna show if it goes to the balance sheet or to the income statement were gonna have the type and were gonna have our cl