Home Tags Balance Sheet

Tag: Balance Sheet

What are Management Accounts?

Management accounts are a set of financial statements typically prepared monthly or fortnightly.  Management accounts include a profit and loss, balance sheet and cash...

What is Stock in Accounting?

What is Stock? Stock is the value of goods you have on hand ready to sell to your customers.  Not all businesses hold stock, it...

What is a Liability in Accounting?

What is a Liability? A liability in accounting represents items which a business must pay for.  All liabilities of the business are shown on the...

What is an Asset in Accounting?

What is an Asset? In accounting an asset is something of value to a business.  Depending on the type of asset they may bring value,...

Your Balance Sheet Matters. Here’s Why.

Your balance sheet is a key piece of publicly available financial information.  It provides a snapshot of the financial status of your Company and...

What is the Purpose of a Balance Sheet?

The purpose of a balance sheet is to show a snapshot of the financials of a business on a particular date.  The balance sheet...

What are Current Liabilities?

What are Current Liabilities? Current Liabilities are debts on the balance which sheet that a business owes and needs to repay, usually within one year of...

What are Current Assets?

What are Current Assets? Current Assets are items on the balance sheet that are either cash or readily convertible into cash, usually within one year...

What is a Bank Reconciliation?

Up to date bookkeeping can add a tremendous amount of value to your small business.  At any point in time you can gauge your...

Is My Website a Fixed Asset?

Having a website is almost as important as having business cards. The expense of design, development and launch of a website can be significant...

PICKED FOR YOU