The value of your business on any given day is the difference between your assets and liabilities. While many assets have intangible benefits, such as goodwill, recipes and patents, liabilities are ...

The three primary sections of a balance sheet are assets, liabilities and stockholders' equity. Liabilities and equity are the two sources of financing a business uses to fund its assets. Liabilities ...

Current liabilities are short-term business debts that are due to be paid before the end of the current fiscal year. These upcoming charges are reported on a company’s balance sheet. Current ...

Richard Loth has 40+ years of experience in banking, corporate financial consulting, and nonprofit development assistance programs. Eric's career includes extensive work in both public and corporate ...

This guide was reviewed by a Business News Daily editor to ensure it provides comprehensive and accurate information to aid your buying decision. Liabilities are a fact of life for a business owner.

Assets are quantifiable items — tangible or intangible — that add to your company’s value. Liabilities are what your company owes to others, whether that’s a vendor or a bank that issued a loan.