A balance sheet is a document used by small businesses to gain a clear picture of its current financial condition. It lists each of the organization's assets and liabilities, showing the business's ...

If you’ve ever wondered what your bank is invested in, there’s good news for you. Yes, good news, even now with everyone worried about the safety and soundness of their bank — because as it happens, ...

Accounting for a letter of credit on your balance sheet depends on when you use it. One issued by your financial institution acts as a credit substitute. That institution, often a bank, steps into ...

Sean Ross is a strategic adviser at 1031x.com, Investopedia contributor, and the founder and manager of Free Lances Ltd. Somer G. Anderson is CPA, doctor of accounting, and an accounting and finance ...

Joseph Nguyen is a contributing author at Investopedia and a research analyst with experience at a securities brokerage firm. Charlene Rhinehart is a CPA , CFE, chair of an Illinois CPA Society ...

Check your balance online, on the phone, through your bank's mobile app, at the ATM and with bank statements. A bank teller can provide account details in person. Regularly checking your balance helps ...

Deputy Governor Toni Gravelle provides an update on when quantitative tightening will end and explains how the Bank of Canada will manage its balance sheet going forward. During the COVID-19 pandemic, ...