Create and Use a Balance Sheet for Your Business
We’ve partnered with Bench, to bring you a balance sheet template to help you see a more holistic picture of your companies’ finances and better predict what’s ahead for your business.
What’s inside
- Get a glance at your company’s financial health.
- A glossary of key financial terms.
- Gain deeper insight into your cash flow.
Create and Use a Balance Sheet for Your Small Business
Square cannot provide advice on tax issues. This article is for educational purposes and does not constitute legal or tax advice. For specific advice applicable to your business, please contact a professional.
Let’s dig a little bit deeper into the balance sheet. A balance sheet is a statement of a business’s assets, liabilities, and owners’ equity as of a specific date. It is typically prepared at the end of a reporting period, such as the end of a quarter or a year.
Using a balance sheet can give you a glimpse at how your company is doing financially, but there are several accounting reports you should consider looking at to get a more holistic view of your business’s finances. Think about using a profit and loss statement, cash flow forecast statement and a balance sheet together.
Click the button below to download your balance sheet template.