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Balance Sheet Report

Introduction

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 in which you would like the balances to include up until

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.

Preview Report

Once your filters are set, to preview the report, click the View button at the top right of the window.

Export or Print Report

You can export all reports to either pdf or excel. 

To do so, select the format you want, in the ‘Print as’ field, then click Download

This will save the report to your default downloads location where you can then print, or save to another location. 

Sample Report

 

Updated on September 30, 2019

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