The state of balance of the enterprise

The balance sheet of the enterprise includes two main sections, the first of which is called assets, and the second – liabilities. In addition, this document contains data relating to the management of the company, as well as a statement of profit and loss that took place in the reporting period.

This includes about three dozen coefficients, so its preparation can take a considerable amount of time and effort, especially when you consider that manual work can contain errors that will have to be corrected in the future, which leads to additional costs, and this is extremely unprofitable for any entrepreneur. Continue reading →