Balance Sheet

Overview

The Balance Sheet provides a snapshot of your company's financial position at a given point in time. It shows what your business owns (Assets), what it owes (Liabilities), and the owner's equity.

Using the Balance Sheet

Date Range Filter

Select a reporting period using the Date Range picker with presets:

Report Structure

The Balance Sheet is organised hierarchically:

Account Type (e.g., Assets)
  └── Sub Type (e.g., Current Assets)
      └── Parent Account (e.g., Bank Accounts)
          └── Individual Account (e.g., Main Business Account)

Each level shows subtotals. Only accounts with non-zero balances are displayed.

Key Equation

Assets = Liabilities + Equity

The report automatically calculates:

• Net Amount = Credits - Debits for each account
• Subtotals at each hierarchy level
• Grand totals for Assets, Liabilities, and Equity

Export Options