Balance Sheet Reports

A balance sheet is one of the financial statement reports summarizing what your company owns (assets), owes (liabilities), and the net worth of your company (equity) at a particular point in time. Unlike the Income Statement, which looks at company profitability, the balance sheet gives you a snapshot of your company's resources on a specific day. You can generate Balance Sheet reports based on your company's financial history.

You normally print a balance sheet at the end of an accounting period, after making the necessary accruals and adjustments.

To view a balance sheet report, open the Report Center in the Home window, select Financials, Balance Sheet, and then the balance sheet report by name. Click Display.

Understanding the Balance Sheet

Assets

Liabilities

Equity

Industry-Specific Reporting

Types of Balance Sheets

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