Balance Sheet

A balance sheet provides a snapshot of your company’s financial position at a specific point in time, outlining what your business owns, what it owes, and its overall equity. McMurtry Accounting helps clients interpret these figures so they can make informed decisions about cash flow, investments, and future growth. We break down each component into clear, actionable insights that strengthen financial understanding.

Assets: What Your Business Owns

Assets are the resources your business uses to operate and grow, including cash, inventory, equipment, and accounts receivable. We ensure your assets are properly classified and valued so your balance sheet accurately reflects your organization’s financial strength. Our team helps you understand how asset changes impact liquidity, profitability, and long-term planning.

Liabilities: Understanding Financial Obligations

Liabilities represent the debts and obligations your business must repay, such as loans, accounts payable, and accrued expenses. McMurtry Accounting reviews these obligations carefully to ensure accurate reporting and to help you assess financial risk. By monitoring liabilities over time, we help you anticipate cash needs and maintain a healthy financial structure.

Equity: Your Business’s True Value

Equity reflects the ownership stake in your business after all liabilities are deducted from total assets. We help you understand how retained earnings, capital investments, and distributions affect equity and long‑term financial stability. With clear reporting and expert analysis, McMurtry Accounting gives you a deeper understanding of your company’s value and financial trajectory.

Using Balance Sheets for Strategic Planning

A well-prepared balance sheet is more than a compliance document—it’s a strategic tool for guiding growth and decision-making. We show clients how to use balance sheet trends to evaluate performance, manage resources, and identify opportunities for improvement. Whether you’re planning expansion, seeking financing, or assessing financial health, McMurtry Accounting provides the insights you need to move forward confidently.