Basic Financials 101 – Part 2: The Balance Sheet Report
Basic Financials 101 – Part 2: The Balance Sheet Report In Part 2 of our Basic Financials series, we’ll cover the Balance Sheet Report This article is an easy to understand guide to provide you with a better understanding of how to gauge your business’ financial health. Why It’s Important for your Business Of the financial reports that you should familiarize yourself with, the Balance Sheet Report is arguably one of the most essential. This report is an indicator of the financial health of your business at a specific time - usually at the end of a month, quarter, or year. Basically. It gives you an overview of your business’ net worth. When trying to secure financing or outside investors, this report shows your ability to meet financial obligations as well as investments made into the business by partners or [...]