A basic tenet of double-entry book-keeping is that total assets (what a business owns) must equal liabilities plus equity (how the assets are financed). In other words, the balance sheet must balance.

As a small business owner, understanding key accounting terms is vital for managing your finances effectively and making informed decisions. Whether you handle your own bookkeeping or work with an ...

A financial advisor can help you optimize off-balance sheet financing strategies so that they align with your small business goals. Off-balance sheet financing helps companies effectively manage ...

Large corporations may use a team of accountants to prepare bound balance sheets, while money-savvy small business owners may be able to create a simple document without outside assistance.

What is a Balance Sheet? Recall that a balance sheet is a financial snapshot which shows the current health of the business as measured in terms of its assets and liabilities. Assets include items ...