The ultimate insight from a net worth statement is exactly what it says: the net worth number, which is simply assets minus ...

If it stays, it's usually buildings. Contents insurance: beware underinsuring. If you're thinking: "I'd never claim for everything", and only insure half your contents' worth, you may only get half ...

They are standardized for use across all types of business ... A trial balance is a bookkeeping worksheet that compiles the balances of ledgers into debit and credit account columns.