• What is the Balance Sheet?


    Everything your business owns should be classed an asset The balance sheet is simply a list of these assets. Some of them will be intangible (e.g. stocks or patents), while others will be actual items like machinery or stock. Any cash or inventory that the business currently owns is referred to as being its current [...]

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  • Managing Your Small Business Assets


    Anything that your small business owns is considered to be an asset and should be listed as such on the Balance Sheet. Some assets are intangible and are not physically owned by the business (e.g. stocks or patents). The cash and inventory that the business owns at the moment is referred to as its current [...]

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