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Statement of Financial Position

Statement of Financial Position is another name for your Balance Sheet. A balance sheet is a summary of the financial balances of a business. Assets, liabilities, and ownership equity are listed as of a specific date, such as the end of the financial year. It is often described as a “snapshot of a company’s financial condition.”

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Cougar Mountain Software

Cougar Mountain Software develops leading on-premises accounting solutions that scale to clients’ needs while maintaining an unbreakable audit trail.