Support

The Balance Sheet is a financial statement that lists the assets, liabilities and shareholders' equity for your business at a specific date. The intention is to show what the business owns and owes, as well as the amount invested by the business owners.

The Balance Sheet follows the formula:

EasyBooks splits assets into current and fixed assets. Current assets are the more financially liquid or the two, such as cash in the bank, money owed to you by your customers and any stock. Fixed assets are more long-term, such as buildings, fixtures and fittings, IT equipment and so on.

The Net current assets (liabilities) figure (sometimes called working capital and current capital) shows the difference between the more liquid assets and liabilities and is a good indication of how much money the business has to finance it's day-to-day operations.

The Next Consolidation date from your Business Settings is used as the date of the report. If this date has not yet passed, the reports uses current date instead.

You can use Previous and Next to change the report date quickly to the previous or next financial period. The report will run for the last date of the financial period selected.

In the report screen, click  located in the top-right corner of the screen, followed by one of the send options.

You can use Previous and Next to change the report date quickly to the previous or next financial period. The report will run for the last date of the financial period selected.

You can set the date to run the report for a different point in time.

If you have any accounts in a container account, only the total for the container is presented in the report. Use this option to show all the individual accounts. For information about container accounts, please refer to "Adding or Editing an Account".

Add a second date to the report using this option. This is typically used to compare how the figures have changed from one date to another. Enter the comparison date in the field provided.