The Consolidated Balance Sheet module provides a complete snapshot of your company’s financial health on a specific day. It details your Total Assets, Total Liabilities, and Shareholders' Equity to ensure your accounting equation is perfectly balanced.
Access the Balance Sheet Generator:
Go to the left sidebar, open the Accounting Module, and click on Balance Sheet.
Select the Reporting Date:
Click inside the Date field to open the calendar.
Choose the specific day you want to view the financial position for.
Click the dark blue Generate button.
Interpret the Balance Sheet Data:
At the top of the report, you will see high-level summaries for Total Assets, Total Liabilities, and Shareholders' Equity.
Assets Section: Details are broken down into Current Assets (Cash on Hand, Bank Deposits, Inventory, Accounts Receivable) and Non-Current Assets (Land, Buildings, Machinery).
Liabilities Section: Detailed into Current Liabilities (Accounts Payable) and Non-Current Liabilities (Notes Payable).
Shareholders' Equity Section: Displays figures for Additional Paid-In Capital and Retained Earnings.
Visual Charts: Look at the bottom of the page to view progress bars showing your Asset Mix (Current vs. Non-Current) and Capital Structure percentages.
Print the Statement:
Click the Print Statement button in the top right corner to generate an official copy for record-keeping or auditing purposes.