InvoiceBerry Tips for for Freelancers & Small Businesses 4 Finance Documents for Freelancers | Page 5

Balance Sheet
Your balance sheet gives a nice snapshot of your business at
any time and calculated: Liabilities + Owner’s Equity = Assets
Assets includes:
• current assets & fixed assets
Liabilities includes:
• short-term liabilities & long-term debt
Your owner’s equity includes any money you’ve invested in the
business