TopicQuicken reports balance sheet.
PostedTue, Aug 27th 2019 22:27 PM
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.
If you’re running a business and looking for potential investors, or you’re an individual readying to approach lenders, you will be asked for a copy of financial statements. For businesses, the finances to be reviewed are the balance sheet, income statement, statement of retained earnings, and statement of cash flows. An individual will have similar information that can be used on a balance sheet, but it is primarily used to give an overview of investments and assets.