The key difference between balance sheet and cash flow statement is that a balance sheet shows the assets, liabilities, and equity of the business as at a particular point of time whereas a cash flow statement shows how movements in assets, liabilities, income and expenses affect the cash position. Oct 24, 2016 · Welcome to the Fit Small Business QuickBooks Online training course! In this lesson, we’re going to cover the importance of reviewing your balance sheet report and how to run a Balance Sheet report in QuickBooks Online.

Just enter your financial data, and the templates will perform automatic calculations for you to analyze. By combining your cash flow statement with a balance sheet, income statement, and other forms, you can manage cash flow and get a comprehensive understanding of business performance. A comparative balance sheet analysis is a simple way of comparing the data on two or more balance sheets that have different dates. You can compare several balance sheets from your company, each of which has the same date but on different months or different years.