The major goal of your business is to make profits, and you need to be sure that you’re achieving this goal. Download Vencru’s balance sheet template excel to stay informed on just how well your business is performing.
A balance sheet is an accounting report that tells you showcases the value of your assets, liabilities, and shareholder’s equity. It contains snapshot of the state of a company’s finances at a moment in time.
This breaks down the aspect of your business that can be converted to cash. It includes: cash, inventory, accounts receivable, fixed assets
This breakdown how much money your business owes others. It includes: rent, utilities, taxes, long term debt/loans
Shareholder equity is the residual claim that corporation’s owners have on assets after debts have been paid. It comprises of total assets minus total liabilities.
The balance sheet is one of the most important reports in every business, and it’s one that every business owner must fill.
Need more resources for your bookkeeping? Vencru has all the templates you need to keep your records in check, and they’re free to use.
Even better, Vencru’s reliable bookkeeping platform helps you save time by generating these reports automatically for you. Vencru keeps all records up to date and gives you more insight into the numbers, so you never have to worry about time-wasting calculations and you’re equipped to make the best decisions for your clients and for your business.