A balance sheet goes far beyond a quick look at your bank account. It gives you a comprehensive overview of your company’s strengths and vulnerabilities in one place. This document is the first stop for lenders and investors; before they trust you with their money, they want proof your business is stable. Reviewing your balance sheet over time tells you if your business is growing or facing hidden trouble. High liabilities or shrinking assets? These are warning signs you’ll catch early—if you’re looking in the right spot.