Giving you a
little time for
yourself

Talking Cents

December
November
October
September
August
July
June
May
April
March
February
January

The most important parts on a balance sheet, by our small business accountants in Melbourne

We now know that a balance sheet is a snapshot of a company’s assets and liabilities at a single point in time. Trying to determine the most important part of a balance sheet can be difficult as experts of the field even disagree with one another. So our small business accountants in Melbourne will tell you the most important parts on a balance sheet.

The most important parts of a balance sheet according to our business accountants in Melbourne include:

• Within assets, we see current assets to be the most important as it offers flexibility and solvency with your business
• Within your liabilities, the most important part would be your current liabilities as this is what investors would look at and it shows your ability to pay off debt, so keep this figure as low as possible
• Equity is the result of your assets minus your liabilities, which is important when potential investors are looking at your business

Be sure to contact our small business accounting services in Melbourne so that we can ensure that all parts of your balance sheets are taken care of, not only the important parts!