Financials: Zooming in on the Balance Sheet

Financials: Zooming in on the Balance Sheet 

By: Abu Dhabi SME Hub
Accounting

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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