What is a balance sheet and how does it show the true picture of the health of my company?
Your balance sheet is the tool that shows the true health of your business. Your balance sheet includes a section for your assets (things you own or will receive that have value), your liabilities (what you owe to others) and equity (retained earnings and funds from investors) at a specific time. The relationship between these three sections shows how financially healthy your company is. If your assets outweigh your liabilities,… Read more