TopicPreparing balance sheet and income statement exercises.
PostedFri, Sep 13th 2019 04:27 AM
A balance sheet helps individuals and business owners understand where their finances stand during a specific time period. A person reading a balance sheet can learn a lot about a business and its viability.
Your balance sheet helps you understand the relationship between your income and your expenses, so you can maintain profitability. This document will help you become a profit expert in your business because it will allow you to work with your business’ financial numbers to build a workable balance. This incredibly powerful tool not only tells you where you’ve been, but it will help you forecast into the future.