Why should I listen to my Balance Sheet update?

There are a number of benefits to be gained from listening to your balance sheet update that come from both hearing your balances, and taking in the accompanying commentary.

The following are some of the most important benefits that you will get from listening to your balance sheet update regularly:

  • You will know what your organisation owns, and owes, at a point in time.
  • You will find out if your organisation has the ability to repay debt.
  • You will find out what return your organisation is providing on your investment
  • If you are unfamiliar with your balance sheet report, then listening will help you to become more familiar with the terminology and flow of the report, and of course with understanding what all those numbers mean.