The balance sheet is your business’s financial flex at a single moment. It’s what you own (assets like cash, inventory, or that slick website) versus what you owe (liabilities like supplier bills or loans). The difference? That’s your equity, your slice of the pie. This sheet tells you if you’re liquid enough to pay bills or scale without choking. A strong balance sheet is your ticket to sleeping easy, knowing you can handle debts and seize opportunities. Don’t sleep on it—it’s your financial reality check, based on your ecommerce accounting.
For more on the balance sheet, check out this detailed explanation.