Assets and Liabilities List is an important part of a business owner’s financial picture. It’s essentially a listing of what the company owns and owes. Assets are items such as cash, investments, inventory, and property that the company has accumulated to further its goals. Liabilities are the opposite – money owed by the company in the form of loans, debt, accounts payable, and more. By keeping track of their assets and liabilities, businesses can gain a better understanding of their current financial health, make decisions on expansion opportunities, and prepare for potential risks. Ultimately, it’s an essential tool for success!