Posted On: Feb 22, 2018
The balance sheets of a company contain its assets, liabilities, and equity. This sheet is balanced only when the assets are equal to the sum of liabilities and equity. In QuickBooks, these are mentioned under the reconciliation documents. Here assets are owned by the company, liabilities are what the company owes to a third party and equity is the amount of money that retains as a profit. QuickBooks is the best way to obtain balance sheets precisely and quickly.
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