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The Balance Sheet also referred to as Statement of Financial Position, reports the Assets, liabilities and owner’s (stockholder’s) equity at a specific point in time. The Balance Sheet is sometimes described as a “snapshot” of the company’s financial position at a particular point in time. Because a Balance Sheet discloses a company’s Assets along with payables, it is important to potential creditors when evaluating whether or not a company is loan-worthy.

A/R Aging Not Matching Balance Sheet

By |2021-08-19T08:40:11-05:00August 11th, 2021|

Introduction There are several reasons the A/R Aging not matching the Balance Sheet may occur. Generally, it is a date timing issue. The Balance Sheet strictly looks at the transaction date while the A/R Aging reports look at the transaction debit date, the transaction credit date, and the date the credit was applied to the

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Balance Sheet – Percent Comparison Report

By |2021-07-26T10:47:32-05:00March 23rd, 2018|

Introduction The Balance Sheet - Percent Comparison Report is a balance sheet which shows a comparison between two specified dates and reports the change as a percent.  A "Year-Over-Year" balance sheet is common, whereby the same date from two consecutive years is compared -- December 31st from one year to the next, for example. The

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Balance Sheet – Dollar Comparison Report

By |2021-07-26T23:50:24-05:00March 23rd, 2018|

Introduction The Balance Sheet - Dollar Comparison Report is a balance sheet which shows a comparison between two specified dates and reports the change in dollars.  A "Year-Over-Year" balance sheet is common, whereby the same date from two consecutive years is compared -- December 31st from one year to the next, for example. The Balance

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Balance Sheet Report

By |2021-07-26T10:51:42-05:00March 23rd, 2018|

Introduction The Balance Sheet Report, also referred to as the Statement of Financial Position, is one of the main financial statements.  It reports the assets, liabilities, and owner's (stockholders') equity at a specific point in time, such as December 31.  The balance sheet is sometimes described as a "snapshot" of the company's financial position at

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