Balance Sheet Report

The Balance Sheet is a statement of assets, liabilities, and capital of your business at a particular point in time, detailing the balance of income and expenditures over the preceding period.

To access this report, go to Reports > Accounting > Balance Sheet

Report Filters

  • As of Date: Select the date up until which you would like the balances to include.
  • Accounting: You can generate the Balance Sheet Report for two types of accounting: cash basis or accrual basis.

For US firms, this setting will default to cash basis, for Canadian firms, this will default to Accrual basis. You can override your default accounting method under Setup > Firm Settings > Accounting

Report Printing Options

  • Include zero balance accounts: Checking this option will include those balance sheet accounts which have 0.00 balances. This is unchecked by default.
  • Include prior year comparison: Checking this option will show amounts from the prior year as well and dollar and percentage difference. This is unchecked by default.


Click View to preview the report or to download, select the preferred format (Excel/pdf) and click Download.

Learn more about generating reports.

Sample Report

Balance Sheet (Prior Year Comparison)

Balance Sheet (Cash Basis)

Updated on July 13, 2023

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