Balance Sheet

Use this report to review the basic financial position of your company, in a cash or accrual basis.

The report examines the relative relationship between a company's assets, liabilities, and owner's equity as of a specified date.

The report contains subtotals for current and long-term assets and liabilities, and owner’s equity accounts. The total assets should always be equal to the total liabilities plus owner’s equity.

Audience

Owners and shareholders

Accounting

CPA

Report versions

The Balance Sheet and its report views are available in two versions:

Microsoft SQL Server Reporting Services 2005: Viewable over the web, but with limited Customize options
Financial Statement Designer: Very customizable, but may take longer to view over the web

Microsoft SQL Server Reporting Services 2005 version

Producing the report

From the > Reports menu, click Financial > Balance Sheet.

Note:

Select a report or customize option only after the report fully loads.

Report options

Option

Description

Period

The report contains the balance for the current month unless you select a different time period in this field.

If you select Select Dates, a start date is required.

After changing report options, click (Refresh).

Customize options

Option	Description
Report title	You can change the title of the report.
Basis to report	Prints information for a cash or accrual accounting basis.
Print logo	If selected, it prints the company logo from > Setup > Company > Preferences > General tab > Reports Logo field. Multi-company only. If selected, it prints the logo of the employee's company.
Include close year entries	If selected, it includes closing entries on the report.
Use account group summary	If selected - and if the Summarize on Financial Reports check box is selected for the account group - it prints a summary line for all accounts in an account group, instead of amounts for each individual account.
Print all accounts	If selected, it prints all accounts.
Print account number	If selected, it includes account numbers on the report.
Capitalize account type	If selected, it displays the headings for the account types and totals in all capitals.
Print customize options on reports	If selected, it prints a list of the options that you select.

Financial Statement Designer version

Producing the report

From the > Reports menu, click Financial > Financial Statements > Balance Sheet Group.

Report options

Option	Description
Change View	The report contains the balance for the previous month unless you click and select a different time period. The report will include the balance for the end of the month of the time period selected.

After changing the reporting period, click (Refresh).

Customize options

From the > Reports menu, click Manage Financial Statements > Designs. Click Open, and double-click the balance sheet design you want.