Justinjay Tax, Accounting & Advisory Services Blog

Justinjay Tax, Accounting & Advisory Services is pleased to provide a variety of resources on accounting, bookkeeping taxation, and other related subjects that we hope will be helpful to both individuals and businesses.

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Is a Balance Sheet Necessary for My Business?

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An up-to-date business balance sheet is a critical financial statement that provides a snapshot of a company's financial position at a specific point in time. It lists the company's assets, liabilities, and shareholders' equity. Here are several scenarios where having an up-to-date balance sheet is particularly beneficial:

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