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Why are short-term and long-term assets so different? Jul 22, 2022
Your Balance Sheet is an integral part of reporting for your business.  But sometimes it's not clear what it all means.   
 
Balance Sheets are made up of Assets (things you own) and Liabilities (things you owe) and Equity, which is the difference between the two.
 
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Why balance sheet is important to your business' success? Jun 10, 2022
The balance sheet provides a snapshot in time of an organisation. It is often referred to as the Statement of Financial Position and is generally a backward glance at the business, that is, how it looked at a particular date.
 
The Balance Sheet shows the balances of the Assets, Liabilities...
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Do you understand your Profit And Loss? May 20, 2022
Your Profit and Loss Statement shows a list of all income and all expenses in a particular date range.
 
If you are running accounting software such as MYOB or Xero, then you should be entering in all of your invoices as soon as they are raised, and the bills when they come in, and then...
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