What is the Balance Sheet report?

This report is a record of what your business has left over as of a period in time, for example as of last week, last month or last year. It includes your Assets and Liabilities to give you a better picture of your financial position.

On screen version

The Balance sheet reports on the accumulated balance of your Assets and Liabilities up to a specific date.

The Calculation applied to give the balance is:

  • Total Assets = Total Liabilities – Equity

There are 2 ways to see your report, you can select from Balance Sheet (across the screen) or Vertical Balance Sheet (listed down the screen).

The following options are available to you at the top of the screen to generate your required report format:

  • Date To – enter the date here that you require to report upto and including

  • Balance sheet Year – this will display balances for the 12 months from the date that you entered

  • Balance sheet quarterly – this will change the display to show you the breakdown per quarter again calculated back from the ‘Date To’ that you entered

  • Compare - this allows you to run a comparison report against another date to, for example you may want to compare this year to last year. The report will generate your Profit figures for both periods and will also show a Comparison Balance column for each Category and GL account.

Sample Balance Sheet on screen report below

Sample Vertical Balance Sheet, all categories are listed down the page.

  • You can also click on Export to Excel to analyse further

PDF version in Dashboard

The PDF version reports on the same Assets and Liabilities accounts based on the date that you enter.

  • Date To – enter the date here that you require to report upto and including

  • Balance sheet Year – this will display balances for the 12 months from the date that you entered

  • Balance sheet Monthly – this will change the display to show you the breakdown per Month again calculated back from the ‘Date To’ that you entered

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