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Balance Sheet Report

 

 

 

 

Definition

Balance Sheet Report is a summary of the financial balances as of a specific date with list of ownership’s AssetsLiabilities and Equity Accounts.

 

Fields explained for Function Bar in Balance Sheet Report

 

1.Balance Sheet as at:  User may select a cut-off date for Balance Sheet.

2.Compare to: User may compare the current balance sheet with the other period by selecting from the following options.

a.None

b.Previous year

c.Last year end

d.Previous quarter

e.Previous month

f.Period Ending

3.Compare Periods: User may compare the current balance sheet with several previous periods by selecting from Compare Periods.

 

Fields explained in Balance Sheet Report

1.Created: This is the date when the report is generated.

2.Company name and logo will be displayed at right corner, followed with physical company address.

3.ABN: This is the information saved in Company information.

4.Email: This is the information saved in Company information.

5.This report has contained the total payable amount for Open Invoice and Debit Note, excluding the amount in Quote, Order and Closed Invoice.

6.If there is no transaction, the report will not display.

7.Total Bank: This is the total amount of Bank Account.

8.Total Current Assets: This is the total amount of Current Assets Account.

9.Total Non-Current Assets: This is the total amount of Non-Current Assets Account.

10.Total Current Liabilities: This is the total amount of Current Liabilities Account.

11.Total Non-Current Liabilities: This is the total amount of Non-Current Liabilities Account.

12.Net Assets = Total Assets – Total Liabilities

13.Net Assets = Equity

14.Include Inactive Account: This check-box has been ticked by default.

15.Include Zero Balance: All Asset, Liability and Equity Accounts will be included in this report by default. Any account with zero balance will not be displayed in this report if this field has been ticked off.

 

 

 

 

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