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.