Bacon, Brie, and Balance Sheets

Emily Miller

Published on: 06/10/2025

A balance sheet, also called the statement of financial position, shows what your company owns, owes, and what the owner has invested in or withdrawn from the company as of a specific date. Wowza, that’s a mouthful. Let’s break down each section into bite-sized, tangible chunks and then bring it all back together.