oboloo Glossary

Balance Sheet Calculation

oboloo Glossary

Balance Sheet Calculation

The Balance Sheet Calculation is a fundamental accounting tool used to assess the financial health of any business. It’s an important indicator of overall financial performance, as it reveals the amount of money held in assets, liabilities and equity. In simple terms, it’s a statement that shows how much money the company has on hand at any given time. By taking into account the company’s debts and available resources, it can be used to make informed decisions about long-term investments or strategies. With accurate Balance Sheet Calculculation, businesses can ensure their future success by monitoring financial statuses and making proactive changes when necessary.