Bookkeeping basics
Your Balance Sheet
See what your business owns and owes, plus your equity, on any date, no accounting needed.
A snapshot of what you own and what you owe, as of a given date.
- What you own: cash, equipment, what customers owe you.
- What you owe: loans and bills.
- The difference is your equity — your stake in the business.
Find it on the Reports tab in Bookkeeping.
What happens next — you get a clear picture of your financial position.