Learn how to build a balance sheet to assess your liabilities, assets and equity, and better understand your financial picture.

Here, CNBC Select explains what a balance sheet is, how to create one and how it can be useful to both companies and individuals.

The balance sheet portion of a PFS exhibits your assets and liabilities, or net worth. Some people create more detailed personal financial statements, including an income statement or other documents.

Today, we’re showing you how to manage your (personal and/or professional) to-dos by means of a simple to-do list created with… wait for it… Google Sheets!