This feature is available in the Pro plan. For details, see Compare All Plans.

The Balance Sheet is a statement of assets, liabilities, and capital of your business at a particular point in time, detailing the balance of income and expenditures over the preceding period.

To access this report, go to Reports > Accounting > Balance Sheet

Report Filters

  • As of Date: Select the date up until which you would like the balances to be included.
  • Accounting: You can generate the Balance Sheet Report for two types of accounting: cash basis or accrual basis.

For US firms, this setting will default to a cash basis, for Canadian firms, this will default to an Accrual basis. You can override your default accounting method under Setup > Firm Settings > Accounting

Report Printing Options

  • Include zero balance accounts: Checking this option will include those balance sheet accounts that have 0.00 balances. This is unchecked by default.
  • Include prior year comparison: Checking this option will show amounts from the prior year as well as dollar and percentage differences. This is unchecked by default.

View/Download

Click View to preview the report or to download, select the preferred format (Excel/pdf) and click Download.

Sample Report

Balance Sheet (Prior Year Comparison)

Balance Sheet (Cash Basis)