A Balance Sheet (Quarterly) is a financial statement that summarizes a company's assets, liabilities, and equity at a specific point in time. It provides a snapshot of a company's financial position, including its solvency, liquidity, and capital resources. Balance Sheets are typically prepared on a quarterly basis, but can also be prepared annually, or for any other period of time. There are two types of Balance Sheets: the classified Balance Sheet, which breaks down the assets and liabilities into categories, and the unclassified Balance Sheet, which shows all assets and liabilities on one page.