Tax Wiki for Netherlands / Balancesheet and Profit & Loss Statement

Balancesheet and Profit & Loss Statement

What is a Balancesheet and how do you use it for your business? And what is a Profit & Loss Statement, what does it say?

Liabilities and equity

Liabilities and equity are all the money that has been financed in a company. But what are liabilities and equity more specifically?

Balance sheet

The balance sheet is a snapshot of the financial overview of all the assets of your company. Together with the profit and loss statement, this snapshot gives you a clear insight in your company's finances.

Assets

What are assets? Assets are all the assets of your company, both tangible assets and liquid assets (monetary assets). Assets consists of fixed and current assets. In this wiki we will explain how the assets in Gekko are structured.