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.