A balance sheet is a very useful tool for ranchers to see their financial progress over time. In this article, we’ll take a look at two other financial statements that can help you understand the financial health of your business. Together, these three statements provide powerful insight.
The balance sheet is a document that lists the value of all assets owned and all liabilities owed by an entity at a particular point in time. It is also referred to as a financial statement, a statement of equity and a net worth statement.