How to Read Your Balance Sheet
The Balance Sheet is an important report in your business’s financial statements. Most small business owners are unsure of what all of the numbers mean on this report, so let’s see if we can shed some light on what they mean.
A Summary of Balances
One big characteristic of a balance sheet is that it represents one date in time, for example, 12/31/2014. The numbers represent balances, and since the balances change daily, a balance sheet only represents one point in time versus a range.
Three Read more [...]