Owning a business is both exciting and intimidating; but you have lots of support. Find resources to help you make decisions on starting or growing your enterprise. Browse these tools, then contact your SCORE mentor to get help putting your ideas into action.
Download our free business plan template for your established business as a Word doc. Read more
A balance sheet is one of the three primary financial statements used to monitor the health of your business, along with your cash flow statement and the income statement. Think of it as a snapshot of your company’s financial position — what you own and what you owe — at a singular point in time, like at the end of a month, quarter or year.
Here are some approaches that your small business can take to mitigate the risk of dealing with late or non-payment, as well as some options for collecting that debt.