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Business Balance Sheet Example. Balance sheets are important because they it gives a snapshot of your business. Most balance sheets have a row (or rows) for assets followed by row(s) for liabilities.

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The balance sheet is a very important financial statement that summarizes a company's assets (what it owns) and liabilities (what it owes). The balance sheet is a snapshot of the business' financial standing at a single point in time. The Balance Sheet attempts to show how much the business is worth.

Obviously, every successful business owner wants to amass the highest amount of net assets as possible!

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Balance sheets can help you see the big picture: the net worth of your company, how much money you have, and where it's kept. Balance sheets are important because they it gives a snapshot of your business. Unlike the income statement, the balance sheet does not.

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