TopicHow to do a balance sheet reconciliation.
PostedSun, Sep 01st 2019 02:42 AM
A balance sheet is one of the most important financial statements made by accountants and business owners. A business’ balance sheet offers a comprehensive overview of a company’s financial health by detailing a company’s assets, liabilities and shareholders’ equity. The balance sheet shows how cash flows throughout your finances and points to ways in which you can improve your company’s financial health.
You may be wondering why you, as an individual, may need a personal balance sheet. The answer is that it’s an accurate and timely tool for measuring your financial worth and thinking about what changes you can take to enhance it.