The Balance Sheet: What Corporates See (That Most Business Owners Miss)

The balance sheet is one of the most misunderstood reports in a small business and one of the most important.

In this episode of Get Financially FIT with Debbie Hancock, Debbie explains how corporates really use the balance sheet as a control and decision-making tool, not just a year-end formality.

Drawing on real-world examples from gyms and growing businesses, Debbie walks through:

what the balance sheet actually shows (and what it doesn’t)how mistakes here often lead to overpaying taxwhy payroll, VAT and fixed assets are common problem areashow the balance sheet affects dividends, cash confidence and business valueand what a CEO should be looking at — without needing to become an accountant

This episode is about understanding your business position properly, asking better questions, and using the balance sheet the way a Finance Director would, so your profit, tax and decisions are grounded in reality.

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