InvoiceBerry Tips for for Freelancers & Small Businesses 11 Invoicing Terms for Your Business | Page 14

11. Balance Sheet
It is used to describe a company’s financial position at a certain
point in time, and is often referred to as a “snapshot” of the
company’s financials. It lists:
• the company’s assets
• the liabilities and obligations
• the business owner’s financial involvement
InvoiceBerry’s free balance sheet template can be found here.