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Quality & Affordability
Accounting, Tax Preparation, Bookkeeping
At Terry Chan, CPA, PC, we pride ourselves in providing our clients with the best service at the most affordable prices. Give us a call and see how we can help you maximize your financial potential.

Balance Sheet

Fast, Professional, Affordable


The balance sheet reports the business' assets, liabilities and equity as of a given point in time. It gives you an overall picture of the financial position of a business with its net worth.

A balance sheet helps you...

  • Determine how much your business owns, owes, and how much is "left over" as net worth.
  • Using ratio and analysis, it can quickly identify how much working capital you have to meet current expenses.
  • Determine inventory turnover rates so that you can achieve optimal inventory level.
  • Make long term decision for your business whether it is the right time for you to expand your business.