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Hello,
We have been working my customer since 2022. When we create our customer's 2023 Balance Sheet, the remaining balances from 2022 are added to the report. Can I get the Balance Sheet report for 2023 only from Quickbooks Online?
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"When we create our customer's 2023 Balance Sheet, the remaining balances from 2022 are added to the report. Can I get the Balance Sheet report for 2023 only from Quickbooks Online? "
No. A balance sheet is a snapshot (as of the report sate) of the business's assets, liabilities, and equity. All balances (except current year net income) are a running total from Day 1 of operations to the report date. You can run a balance sheet comparison report to see the difference between two dates but, in both cases, they will be the running total of all prior dates. With all due respect, if you're keeping books for a business, this is basic accounting knowledge and should be well understood.
Good morning, @Ugur01.
Thanks for taking the time to reach out to the QuickBooks Community for support. I hope your day is going great so far.
At this time, the balance sheet report will show any balance due up to the date you apply. For example, if your end date is Dec. 31, 2023, it'll show your current balance for that date, regardless of what came before it.
As a workaround, you could use our Balance Sheet Comparison report to compare between the years. I'm including some steps to run the report below.
Some other reports let you compare time periods side-by-side. This lets you easily see how things have changed over time. Here's how to check if the report you run has this option:
For more information about balance sheet reports, check out the help guides I'm including below.
Please don't hesitate to let me know if there is anything else I can assist you with. Take care and have a wonderful day ahead!
"When we create our customer's 2023 Balance Sheet, the remaining balances from 2022 are added to the report. Can I get the Balance Sheet report for 2023 only from Quickbooks Online? "
No. A balance sheet is a snapshot (as of the report sate) of the business's assets, liabilities, and equity. All balances (except current year net income) are a running total from Day 1 of operations to the report date. You can run a balance sheet comparison report to see the difference between two dates but, in both cases, they will be the running total of all prior dates. With all due respect, if you're keeping books for a business, this is basic accounting knowledge and should be well understood.
You always share your knowledge with us. Thank you very much.
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