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The first section lists all of the company's assets. You've probably heard that half of all small businesses fail during the first five years. Here is a balance sheet from Apple, for example.
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Take a look at the small business balance sheet example below.
A balance sheet helps individuals and business owners understand where their finances stand during a specific time period.
The balance sheet provides information on what you or your business own (assets), what you or your business owe (liabilities), and your net. It's better to try out ready-made balance sheet templates available online, if not then you can also use balance sheet example available in websites to check how effective they are. The balance sheet, together with the income statement and cash flow statement, are key financial reports for any business.
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