A Balance Sheet offers a snapshot of your company’s financial position at a moment in time.
The Balance Sheet helps you answer the questions:
- How much does your business own?
- How much does your business owe?
- How much was invested by your own fund, or shareholders funds?
Balance sheet (also known as Statement of Financial Position) is one of the 3 important financial statements. Alongside with Income Statement and Cashflow Statement, it helps to reveal a company's overall financial health.