The Balance Sheet for Small Businesses

Posted by: Rod Kurtz on January 9, 2007

Along with the income statement, the balance sheet will provide you with the data necessary to make sound financial decisions. The balance sheet lists the assets and the liabilities of your company. The difference between your assets and liabilities will be the net worth of the business at the end of a specific period (Assets - Liabilities = Net Worth). The net worth of your business at a given time is of particular interest to prospective investors.

To read the full story on AllBusiness.com, click here.

AB

Post a comment

 

About

Want to improve the way you run your business? Entrepreneurs, academics, and consultants from diverse industries offer practical advice on a variety of topics each business day.

To submit a tip for consideration, first check our archive of previous tips to make sure you're not repeating a tip someone has already contributed. Then send the tip to Small Business channel contributor Michelle Dammon Loyalka. Because of the volume of material she receives, she may not respond to each individual.

BW Mall - Sponsored Links

Buy a link now!