Balance Sheet

What is a balance sheet?

Balance Sheet Definition: A balance sheet provides a snapshot of a company or organization’s financial status for a specific time. This statement lists a company’s assets, liabilities, and equity (or shareholder’s equity) to indicate the organization’s financial standing.

Balance sheets display the applicable financial position date at the top of the report, usually at the end of a month or a fiscal year-end. These reports evaluate a company’s financial status and capital structure. Balance sheets generally offer a report on everything an organization or business owns and owes, which is used to calculate financial ratios and conduct other financial assessments.

Jul 30 - Comparewise Business Loan Banner

Other business terms:

Business Loan Help Center

How to Get a Grocery Store Business Loan
Best Type of Business Finance for Large Businesses
An End-of-Year Checklist for Your Small Business
How to Get Business Loans in Canada
Smarter Loans
Forward Funding
Kingsmen Capital Investments
Growth Street Capital
SharpShooter Funding
American Express Business Platinum Card
National Bank Allure Mastercard
National Bank MC1 Mastercard
Tangerine World Mastercard


Didn’t find the information you were looking for?

Send us your questions and we will get back to you.

Car loan?
Personal Loan?

Top deals await you just a short
application away!