What Is a Balance Sheet, and Why Is It Important?
- FinSightAccounting
- Oct 11, 2024
- 1 min read
Updated: Oct 13, 2024
‘What’s a balance sheet, and why is it important?’
A balance sheet provides a snapshot of your business’s financial position by listing:
1️⃣ Assets (what you own)
2️⃣ Liabilities (what you owe)
3️⃣ Equity (the difference between assets and liabilities)
It helps assess the health and liquidity of your business. Need help interpreting your balance sheet? Let’s connect!
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