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Balance sheet report

A balance sheet report gives a financial snapshot of your company as of a specific date. It calculates how much your business is worth (your business's equity) by subtracting all the money your company owes (liabilities) from everything it owns (assets):

Assets - Liability = Equity

The total for equity includes your company's net income for the financial year to date.

Run the report for non-Limited/Incorporated companies

  1. In the navigation bar, click Reports.
  2. On the Recommended tab, select Balance Sheet.

Run the report for limited companies

  1. In the navigation bar, click Reports.
  2. On the All Reports tab, select Business Overview, then Balance Sheet (Schedule VI).

To see a higher level summary, run the Balance Sheet Summary report instead.

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