Your Financial Business Support » sheet http://www.yourfbs.co.uk Ed Hart provides Financial Business Support that's right for You Thu, 26 Aug 2010 09:16:21 +0000 en hourly 1 http://wordpress.org/?v=3.0.1 Why you need to love your Balance Sheet http://www.yourfbs.co.uk/why-you-need-to-love-your-balance-sheet/ http://www.yourfbs.co.uk/why-you-need-to-love-your-balance-sheet/#comments Thu, 28 May 2009 17:12:22 +0000 EdHart http://yourfbs.co.uk/?p=379 I seem to have talked to lots of people in the last week about the Balance Sheet. A bit like Finance Directors, they are a generally misunderstood, and dare I say under-rated, source of information.

So what is the Balance Sheet? In a nutshell it tells you three things:

  1. How much you owe to others
  2. How much other owe you
  3. How much cash you have

Now I may be simplistic, but I would say these three facts are the three most important things every business owner needs to know – all the time.

There is a lot of jargon in finance and accounts. I make it my business to explain everything in plain English.

The Balance Sheet is getting a lot of air time because it’s important. If you still don’t know what it’s about. Call me!

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