How to Read a Small Business Balance Sheet

By Donnie Starr On August 28, 2008 Under Small Business In this article we will discuss how to read a small business Balance Sheet including a discussion of assets, what you own; liabilities, what you owe; and equity which is the difference between the two. Assets include the physical assets you own such as equipment, inventory, vehicles and buildings. These assets listed on your balance sheet may or may not reflect their true value.