What Is Net Worth in QuickBooks?
Net worth in QuickBooks is the difference between total assets and total liabilities. It shows the owner's equity in the business at a specific date. QuickBooks calculates this automatically when you set up your chart of accounts correctly.
How to Find Net Worth in QuickBooks
Run a Balance Sheet report to see assets, liabilities, and equity. In QuickBooks Online, go to Reports, select Balance Sheet, and set the desired date range. The equity section displays the current net worth of the business.
Why Net Worth Matters for Small Business
Tracking net worth helps owners understand financial health, secure loans, and make informed decisions. Regular review of the balance sheet highlights trends in assets and liabilities. For more on financial reporting, see QuickBooks Balance Sheet Report.
