Understanding the dashboard
The WFM + Xero Balance Sheet Dashboard provides a detailed business’s financial position at a specific point in time (e.g., month, quarter, calendar year, financial year, etc.) by displaying key metrics such as assets, liabilities, and equity. It helps assess the company’s financial health by showing how assets are financed through debt and equity, and how well the business can meet its obligations. This dashboard is essential for understanding the overall stability and liquidity of the business.
Why is it important?
The Balance Sheet dashboard provides you with the following relevant information:
This dashboard offers a comprehensive view of assets, liabilities, and equity, enabling you to assess the company’s overall financial stability. It helps determine if the business can meet its short-term and long-term obligations effectively.
By displaying how assets are financed through debt and equity, the dashboard provides insight into the company’s financial structure and leverage. This analysis helps evaluate the risk associated with the business’s financing strategy.
The dashboard provides a detailed view of the company’s financial position at a specific time, helping to gauge its liquidity and stability. This is crucial for understanding the business’s ability to handle financial fluctuations and sustain operations.
Explore the WFM + Xero Balance Sheet Dashboard by clicking through the interactive demo below!
Interactive demo
Dashboard FAQs
What is an Asset?
An asset is something a business owns that is expected to bring in future benefits. This could be cash, inventory, or property.
What is Liability?
A liability is a debt or financial obligation a business needs to pay in the future. This could be anything from a bank loan to unpaid bills.
What is Equity?
Equity is the value of ownership in a business. It’s calculated by subtracting liabilities from assets.
What does a healthy balance sheet look like?
A healthy balance sheet shows more assets than liabilities, which indicates financial stability. Equity should be positive and increasing, reflecting that the business is managing its finances well and growing in value.