<< Click to Display Table of Contents >> Balance Sheet |
Also see: Financial Reporting Overview for more information on tabs and menu items at the bottom of the screen.
A Balance Sheet is an itemized statement that lists the total assets and the total liabilities of a given business to portray its net worth at a given moment of time. The amounts shown on a Balance Sheet are generally the historic cost of items and not their current values. Also known as a STATEMENT OF FINANCIAL CONDITION.
A Balance Sheet can be printed by selecting the option from the Financial Reporting Menu. The Production date option is available with the Dual Date feature.
NOTE: When running a report with Asset/Liability accounts, in order to print balances instead of net activity an "O" record should be added at the beginning of the report with the "Curr Amts" field on the Special tab set to "B."
Balance Sheet - General Tab |
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Report Selection Field |
Choose the report desired to run the balance sheet |
[Click to Edit] Report Definition |
This button will lead to the report definitions for the report chosen for viewing or editing. |
Report Type |
Select how you want the Balance sheet to print. |
Print Variance? |
Check to print the variance |
Current Year/Balance Forward |
Enter in the dates for the report. |
Report Heading |
An additional description can be added in this field that will print underneath the date in the report heading. |
Report based on: |
Effective date (G/L date) or Production date. Production Date will only be available with the Dual Date reporting optional add-on. |
NOTE: If using the option "Any 2 Dates", Date 1 must be a later date than Date 2.
NOTE: If using the 2 column option, there is a special technique to add an underline in the second column. See Balance Sheet 2 column for more information.