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💡 Bookkeeping Terms Every Business Owner Should Know Okay, ready for one that sounds super corporate but is actually pretty simple? 😌 Today’s term: Balance Sheet 👉 It’s basically a snapshot of your business’s financial health at one moment in time. Think of it like a 💰 money selfie. (No filters needed.) It shows three main things: 📦 Assets — what you own 💳 Liabilities — what you owe 📈 Equity — what’s left for you Example: You’ve got $15k in the bank (assets), owe $5k on a credit card (lia
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