Learn how to build a balance sheet to assess your liabilities, assets and equity, and better understand your financial picture.

The balance sheet is often referred to as a business snapshot. It freezes the business' operations to provide a financial view of the business at the end of a particular business day. Your service ...

A balance sheet is a basic financial statement that outlines the current assets and liabilities of the business. At the end of the year, the summary will show what assets the business owns and the ...

And it has another morbid but practical value. “If you don’t have a balance sheet and something happens to you, the search for your assets will become a buried treasure hunt,” writes Eckels.