Using the Balance Sheet Screen

You can run a Balance Sheet report for your business by clicking Balance Sheet in the Easy Books sidebar. You can:

  • Change the date of the report.
  • Add another date to the report as a comparison.
  • Save, print or email the report.
What does the report show?

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:

Assets = Liabilities + Shareholders' Equity

Easy Books 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.

How does Easy Books pick the initial date for the report?

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.

How do I view a previous year's report?

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.

How do I save, print or email the report?

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


Options in this Screen

Previous/Next

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.

Date

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

Show Contained

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".

Show Comparison

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.