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Balance Sheet

The Balance Sheet is a snapshot of your company's financial position at a specific point in time — what the business owns (Assets), owes (Liabilities), and the residual value to owners (Equity). Use it to understand financial stability, liquidity, and net worth.

Report structure​

  • Assets — cash & bank balances, accounts receivable, fixed assets, other current/non-current assets. Total Assets = sum of all asset accounts.
  • Liabilities — accounts payable, loans & borrowings, credit balances, other obligations. Total Liabilities = sum of all liability accounts.
  • Equity — owner's capital, retained earnings, current year profit/loss. Total Equity = Capital + Retained Earnings + Net Profit.

The report always follows Assets = Liabilities + Equity. If the equation doesn't hold, there's an issue in accounting entries — missing entries, incorrect account mapping, or data inconsistencies.

Filters & controls​

  • Report period — balances as of selected dates, any custom range.
  • Display by — month-wise view for tracking changes over time.
  • Compare period — analyze position changes between periods.
  • Tags filter — balances from tagged transactions only.
  • Accounting method — Accrual (includes receivables/payables), Cash (only actual cash movement), or Modified Cash (hybrid).

Data sources​

Automatically updated from transactions, journals, invoices (receivables), bills (payables), payments & receipts, and conversion balances.

Actions​

Save / Save As reusable views, Share with team members (same filters and structure), Export in Excel/CSV. You can also drill down — click account balances to view underlying transactions.

FAQs​

Why doesn't it match the P&L? They show different things: the Balance Sheet is position at a point in time; the P&L is performance over a period.

Are retained earnings included? Yes, under Equity.

Why is my cash balance different from the bank? Pending transactions, reconciliation differences, or timing differences.

Why do values change across months? Transactions impact balances over time.