As part of FreshBooks  shift from online invoicing only to cloud accounting for small businesses,  they’ve expanding on their accounting offering with the release of Balance Sheets, a tool at helping businesses prepare to apply for loans, grants, submitting taxes, or seeking investors.

The new Balance Sheet tool allows users to see a summary of assets, liabilities, and equity and easily determine the health of their business.

FreshBooks claims more than 5 million users in 120 countries, and says “No one in North America has more paying users online other than Intuit’s QuickBooks Online. ”

More info on Balance Sheets is available at the FreshBooks Blog.