A balance sheet is a document used by small businesses to gain a clear picture of its current financial condition. It lists each of the organization's assets and liabilities, showing the business's ...

A balance sheet is a versatile document that offers a snapshot of a company's or individual's finances at a given point in time. Businesses can use balance sheets to develop plans for the future and ...

Accounts receivable is an account that represents outstanding, invoiced amounts owed a company by its credit customers for services performed or goods sold. While accounts receivable is reflected on ...

Charlene Rhinehart is a CPA , CFE, chair of an Illinois CPA Society committee, and has a degree in accounting and finance from DePaul University. The balance sheet, income statement, and cash flow ...

Reem Heakal is a writer who became an Investopedia contributor in 2003. Her writing covers a wide array of large-scale financial topics. Erika Rasure is globally-recognized as a leading consumer ...