February Financial Statements
Here at LearnBiz, we try to help educate people on how to create their own businesses, as well as general business topics like accounting, stocks/investing, economics and more.
Starting this year (2025), we have decided that the best way to teach the world about business, is by using our business.
LearnBiz is a subsidiary of Jeron Osg, a media company. Each month, Jeron Osg creates financial statements (income and balance sheet only). This is similar to what public companies such as Walmart are required to release on a yearly level.
For more transparency and education purposes, Jeron Osg will be publicly releasing its financial statements. This allows people to learn how to run their own businesses by using them.
If you would like to learn more about financial statements, you can here!
Without further ado, here are the February statements.
Income Statement
Notes
[1]
Sales made on Etsy for Jeron Osg Photography services and products
[2]
Income from photoshoot services from Jeron Osg Photography
[3]
Subcontracted Services includes any services used in order to deliver product to the client. This could
be manufacturing costs, possible future projects and more.
[4]
Advertising costs include any online ads and in person promotional events
[5]
Computer – Software includes any online software required to run business operations across Jeron
Osg (Media). For Example: Google Workspace
[6]
Dues and Subscriptions include any subscriptions or dues that are not software. This could be
physical product. In this case, this cost is the fee required to start an Etsy shop.
[7]
Fees from Etsy for Listing, Transactions, Shipping and more. Based on monthly basis.
[8]
Postage and Delivery costs for products shipped to customers or mail.
[9]
Transaction fees charged by service provider, Stripe. Usually for online photography invoices
Balance Sheet
Notes
[1]
Jeron Osg Checking Account
[2]
Jeron Osg Savings Account
[3]
Camera Equipment owned by Jeron Osg for Jeron Osg Photography
[4]
Tax Collected from customers and tax owed by Jeron Osg based on Jeron Osg business location
(Cedar City, Utah)
[5]
Amount of money invested by owner or taken out by owner for business
[6]
Profit from all years prior to 2025
[7]
Profit for YTD
Remember, nothing on LearnBiz is professional advice. This is all the opinion of the author. Although much of the information is educational, this does not ensure accuracy. Please consult professionals if you need more advice.
If you would like to learn more about financial statements, you can do so here!
