Balance Sheet 101: What You Need To Know

At its core, a balance sheet is a snapshot of your business’s financial health at a specific point in time. It provides a comprehensive summary of what your business owns, what it owes, and its net worth. Think of the balance sheet as a financial report card...

What Does a Business General Ledger Show?

Running a small business is no small feat. From managing day-to-day operations to staying competitive in a dynamic market, the hustle is real. It’s easy for small business owners to get swept away by the demands of their trade. Many are passionate about what...

What is Owner’s Equity?

Simply put, Owner’s Equity is the residual interest in the assets of a business after deducting liabilities. In other words, it’s what’s left over for the owner(s) once all debts and obligations have been settled. Owner’s Equity is the portion...