In a previous post, we introduced you to financial analysis by analyzing an Income Statement. In this post, we are going to take your financial analysis skills one-step further and learn how to analyze a Balance Sheet.
Today we are pleased to announce three significant updates to Bookvalu.
The first enhances the accuracy of our financial forecasts. The second reduces the data requirement from 3 years to 6 months which means that newer companies will now have access to forecasted financials. The third is the addition of the monthly view to give you a more detailed look at your company's forecasted financials.
The Balance Sheet is a critical financial statement for a Small Business and deserves your time and attention as a Small Business Owner. Think of the Balance Sheet as a summary of a company's financial activity.