Balance Sheet Basics for Beginners

balance sheet guide from Colour Accounting from Holst

The Balance Sheet can strike fear into the heart of anyone who needs to manage finance but doesn’t have financial training.  Yet it’s actually a very simple part of your financial skills toolkit. Fortunately we’ve got a simple Balance Sheet guide to get you started.

Think of your Balance Sheet as a financial snapshot of your organisation. It gives an instant picture of the assets, liabilities and shareholders’ equity. This simple equation sums it up perfectly:

Liabilities + Equity = Assets 

Understanding and being able to control your balance sheet allows you to work out your organisation‘s financial health. This puts you in the best possible position to make the right decisions for the direction of your organisation. Download our Guide to the Balance Sheet, P&L and Cash Flow report to learn about the basics of business finance.
Download the guide here
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