The Difference in a Balance Sheet for a Corporate Vs. a Single-owner Business. The balance sheet is one of three common financial statements businesses use to provide information to outside ...

For example, assume you have $500 of cash in the business, a car currently worth $5,000 and property worth $100,000. You would list each of these under "assets" on your balance sheet.

Though a balance sheet is intended to be a gateway to understanding a company's financial position, there are lots of places on one for valuable information to hide. Here's where to look.

A comparative balance sheet analysis is a method of analyzing a company's balance sheet over time to identify changes and trends.

For example, if you spent $100,000 to start a business and you earned $20,000 in after-tax profit over the first year, your return on investment would be 20%.

You can use VLOOKUP with Google Sheets similar to how the search function is used to find information in Excel.