A balance sheet is a financial statement that provides a snapshot of an organization's financial position at a specific point in time. It is a key part of the annual financial report and consists of two main components: assets and liabilities (including equity). The balance sheet shows what a company owns and how these assets are financed, whether through equity or debt. Together with the profit and loss statement, the balance sheet forms the financial report of your organization.
A balance sheet consists of the following components:
The balance sheet provides a clear overview of what a company owns and the debts it has, helping to assess financial stability. Company leadership and investors use the balance sheet to make important financial decisions, such as investments, expansions, or loan applications.
By understanding the ratio between equity and debt, an organization can better assess its vulnerability to financial risks, and thus evaluate how financially healthy your organization is.
For many businesses and other organizations, it is mandatory to prepare and publish a balance sheet with the Chamber of Commerce.
In short, the balance sheet is a crucial tool for both internal and external stakeholders to assess the financial health of your organization.
The ICR Growth & Success SaaS Platform helps people and organizations find balance and peace, through controlled and manageable growth, with the aim of a healthy and sustainably successful organization. We do this through the all-encompassing ICR Cycle.
Being inControl in this process from ambition to result is crucial. Within the ICR Cycle, inControl actually means controlled and manageable growth. The dashboard gives you insight into the current status. In the video below you can see how the dashboard transforms from the moment you start using ICR.
With our 4 ICR subscription options, you can decide for yourself when to fully engage with the entire ICR Cycle. Choose our successful approach and start your process 'from ambition to result' with the more than affordable ICR Ambition Refresher subscription.
The ICR Growth & Success SaaS Platform addresses a wide range of business needs, making it a versatile tool for organizations striving for sustainable success. Below is an overview of its general applications, along with the added value it provides for businesses and organizations.
Learn more about the general applications of the ICR Growth & Success SaaS platform.
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