A Balance Sheet can be described as a 'snapshot of a business's assets, liabilities, and total available funds at a single point in time.
It is a statement that must be produced in order to show a full picture of the financial health of an organisation. Like its name, it allows you to keep your organisation balanced across all areas, taking into account non-monetary assets as well (e.g owned equipment and facilities).
Externally, the Balance Sheet will give an overall impression of your organisation's health and will be a major determining factor in a lender's, partner's, and/or funder's confidence in your organisation.
Download the template below, and for more guidance, read the how-to guide by clicking here Bookkeeping - Managing Your Daily Finances
