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Sample Invoice Withholding Tax Inspirational Church Balance Sheet Non Profit Example Template Excel

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  • CategoryBalance Sheet.
  • TopicNon for profit balance sheet example.
  • AuthorNatalie Hayes
  • PostedWed, Sep 04th 2019 23:19 PM
  • Formatjpg/jpeg

The balance sheet, also called the statement of financial position, is the third general purpose financial statement prepared during the accounting cycle. It reports a company’s assets, liabilities, and equity at a single moment in time. You can think of it like a snapshot of what the business looked like on that day in time.

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.

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