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Hello there, deepak-solarpowe.
Let me provide some information about the Balance Sheet report in QuickBooks Online.
The report displays total assets equal to the combined amount of liabilities plus equity. It helps you determine the state of the company's finances at the moment by running this report within your QBO account. Here's how:
Here's the sample screenshot for additional reference:
Also, if you compare the Balance Sheet report to other reports in QBO, you may notice that this report doesn't match to what other reports generate. For the complete details and thorough explanation of the factors why it happened, I would recommend checking this article: What is The Difference Between a Balance Sheet and Other Reports?.
If you have a specific question about the Balance Sheet report, please don't hesitate to let me know by commenting below. Take care and have a good one!
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