The financial statement known as a balance sheet gives a quick overview of a company’s financial situation. A company’s assets, liabilities, and equity are listed, which also shows how financially sound the business is.
All owned and managed resources are in the assets area of a balance sheet, including cash, accounts receivable, inventory, and real estate. Listed in the liabilities section is the debts and responsibilities of a business. These include loans, accounts payable, and taxes. The equity section includes the difference between a company’s assets and liabilities. This symbolizes the owner’s investment in the business.
In a balance sheet, the value of a company’s assets must equal the value of its liabilities and equity. By comparing the amounts in the assets, liabilities, and equity sections, stakeholders can evaluate a company’s financial health and its ability to meet its financial obligations.
You are able to view your own official copy by clicking on the “Reports” tab, which will give you the option.
This will take you to a summary view of your most recent Balance sheet. There is the option of switching to a detailed view will show the specific amounts for each asset and liability. Another feature is you can switch around dates or report periods in order to get a specific one if needed.
If you need an official Balance Sheet, you can download and export one by clicking this in the top right.