What is a balance sheet?

A balance sheet displays the assets and liabilities of a company, divided into current and fixed assets, as well as external and equity capital.

2012

A balance sheet is understood as the confrontation of assets and liabilities at a certain point in time.

What belongs in a balance sheet?

Assets

Assets basically represent the property of a company. This is divided into two groups: current assets and fixed assets.

Liabilities

Liabilities are understood to be the debts of a company. This is also divided into two groups: debt capital and equity capital.

More blog posts

In-depth insights, inspiring success stories and practical tips for entrepreneurs - discover more in our other articles.

Outsourcing vs. In-House Accounting: Which is More Worthwhile?

The decision whether to manage accounting internally or to outsource it depends on various factors.

Why Outsourcing Accounting Increases Efficiency

Accounting is one of the most important but also time-consuming tasks of a business.

Participations and securities: Accounting registration made easy in Switzerland

Companies in Switzerland must ensure accurate accounting records when acquiring securities (<20% voting rights) or participations (>20% voting rights). Participations use account 1480, securities account 1400, with Jens account like bank account 1020.