Balance Sheet

What it is for

How it works

• Assets, liabilities and equity are grouped by account. Current earnings for the period are included in equity.
• The check at the bottom - Assets = Liabilities + Equity - shows a Balanced badge when the books are in order.

Step by step

Every screenshot is from the live demo. The highlighted button is the one to click - nothing here is saved in the demo, so you can follow along freely.

1. 1

   Open Balance Sheet

   Finance → Accounting → Balance Sheet.

   

2. 2

   Choose the date

   Pick the As of date.

3. 3

   Read the three sections

   Assets first, then liabilities, then equity, with the totals and the balance check at the bottom.

   

Related Finance, GST & Accounting guides

• Trial BalanceSee every account's total debits and credits as of a date in the Sayl Finance trial balance - proof that the books balance.
• Profit & LossSee what the business earned and spent between two dates in the Sayl Finance profit and loss statement, filtered by branch.
• Fixed AssetsTrack fixed assets and run monthly depreciation in Sayl Finance, with cost, accumulated depreciation and book value for each asset.
• Chart of AccountsUnderstand and extend the Sayl Finance chart of accounts - the general ledger's own vocabulary for assets, liabilities, equity, income and expenses.