What's your Owner's Equity? For sole proprietors (and single member LLC’s), equity is your contributions of cash and property into your business MINUS any withdrawals or money you take out of your business.

5 Things your Balance Sheet would tell you, if it could talk

Understanding 5 things your balance sheet would tell you if it could talk about your business is important for your success. You don’t have to be an accountant or super great with numbers to create one.  If you have accounting software, it’s prepared and updated automatically as you enter your daily information.  It just doesn’t …