Patrimonial Masses

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In this post vamos a ver cómo se divide cada una de estas partes. Así, tener cada masa de activos agrupada nos llevará a tener un mayor control para comprender para qué se han utilizado los fondos, qué beneficios se obtienen o los pagos pendientes.

Assets and their assets

The asset represents all the assets and rights that the company owns., everything you own. It ranges from office furniture, to land, cash or money in the bank, operating licenses, patents or computer equipment. The list is long, and within the great wealth of assets it is divided into two parts, current and non-current assets.

• Current asset: Also called current assets, current assets are one of the two assets within the asset that contains the items that promise the operation of the company on a day-to-day basis. They are short term and its possession is less than a year. These resources must be consumed as raw materials or sold as a final product. These investments are operational and current assets can be categorized into 3 types. Stock, realizable and available.
• Non-current assets: Also called fixed assets, non-current are found within the patrimonial masses of assets, which contains the items that are kept in the company. for a period of more than one year. In them we can find all the assets that enable the company to maintain its productive capacity. No investments intended to be permanent, and the sale of these items is not considered. Non-current assets are grouped into 3 blocks. Intangible assets, property, plant and equipment and long-term financial investments.

Liabilities and their assets

Liabilities are one of the top 3 major assets in which All expenses and debts are included. In other words, if the asset ends up reporting all the profits to the company, the liability is its antithesis. These liabilities regularly have the character of current and future payment obligations as a consequence of past financial operations. Depending on the nature of the asset, it can be grouped into two other assets, current and non-current liabilities.

• Current liabilities: It includes all those debts or payments that the company must face in a period of less than one year. They are also accounted for in payments to suppliers, creditors, taxes derived from the activity.
• Non-current liabilities: All those debts or credits and other obligations with maturities greater than one year. It is usually the result of investment and expansion operations or start-up of companies. Payments to suppliers that have long-term maturities of more than one year can also access this capital mass.

Net worth

What's more called own funds, is made up of the capital contributed by the partners and the reserves that the company has been able to accumulate over the years. It is an item in the balance sheet that represents all the resources that the company has. To be able to calculate it, it is enough with subtract all liabilities from the assets of a company. After obtaining the difference, the last of the 3 great assets that a company can house is obtained, the net worth.

If you are looking to dig deeper into what net worth is, there is a link where we recently talked extensively and extensively. In this post you can find more details about how assets and liabilities enable you to establish the financial health of a company.

Balance thanks to Assets

The balance sheet is the sample of the economic-financial accounting status of a given company at a given time. Since assets and value will fluctuate over time (and longer term), the balance sheet attempts to express the total value of the company on a given date.

Its purpose is to organize the value of the patrimony by differentiating the different Patrimonial Masses. It is configured from an aggregation of the accounting information of an economic period. This information appears in the continuous posting documents, which are the journal and the general ledger.

The target que persigue el balance es sintetizar todos estos activos.. It consists of two parts, that of investments or assets, and in conclusion that of the most passive net worth. Despite everything, they are grouped into the 3 main assets previously explained, assets, liabilities and equity.