A balance sheet is one of the financial statement reports summarizing what your company owns (assets), owes (liabilities), and the net worth of your company (equity) at a particular point in time. Unlike the Income Statement, which looks at company profitability, the balance sheet gives you a snapshot of your company's resources on a specific day. You can generate Balance Sheet reports based on your company's financial history. #sage50balancesheet #sage50balancesheetoutofbalance
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