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What is a Balance Sheet?
The balance sheet is a key financial statement that provides a snapshot of a company's financial position at a specific point in time. It presents the company's assets, liabilities, and shareholders' equity, offering valuable insights into its ...
What does the Financing section include?
With the help of Financing, you are able to add data for your liabilities, and equity & dividends which are crucial components in Modeliks. When it comes to liabilities, on Modeliks you are able to record your Loans, Lines of Credit, and other ...
How to set your Opening Balance?
Opening balances are the balances of your assets, liabilities, and equity accounts at the start of your financial planning or accounting period. Opening balances are brought forward from the closing balance of the previous accounting period and can ...
How to add your Financing in Modeliks?
In this article, we will guide you through the process of adding and managing financing, liabilities, and equity on Modeliks. To begin, navigate to the Modeliks platform and locate the "Add Financing" button. Clicking on this button will show the ...
💸 What Other Income Types Are Available in the Other Income Section in Modeliks?
Other income refers to revenue generated from activities outside your company's core business operations. These earnings may come from investments, interest, or incidental events such as subleasing unused office space. In Modeliks, the Other Income ...