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.
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 Centre in the Home window, select Financials, Balance Sheet, and then the balance sheet report by name. Click Display.
Types of Balance Sheets
- Comparative Balance Sheet — The comparative balance sheet compares the current period with the previous accounting period.