A balance sheet is a document used by small businesses to gain a clear picture of its current financial condition. It lists each of the organization's assets and liabilities, showing the business's ...

When it comes to building out a balance sheet, an organization’s accounts payable come into play. As you work through a balance sheet, you’ll need to determine whether accounts payable are an asset or ...

Accounts receivable is an account that represents outstanding, invoiced amounts owed a company by its credit customers for services performed or goods sold. While accounts receivable is reflected on ...