Balance Sheet Report
The Balance Sheet shows your business's financial position at a specific point in time. It lists what you own, what you owe, and your equity.
The Accounting Equation
Assets = Liabilities + Equity
Report Sections
Assets
- Cash & Bank
- Accounts Receivable
- Inventory
- Fixed Assets
Liabilities
- Accounts Payable
- VAT Owed
- Loans
- Credit Cards
Equity
- Share Capital
- Retained Earnings
- Drawings