A balance sheet is a financial statement that provides a snapshot of what a company owns and owes, as well as the amount invested by shareholders at a specific point in time.
The balance sheet is not typically used to create a budget or manage business expenses: rather, it presents what the company owns and owes, and highlights payments that need to occur soon: for example, bills owed to a vendor in the upcoming month.
So why should you care about your Balance Sheet?
Watch the video to learn more!
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