Company Balance Sheet
Financials ››
Select Financials - Balance Sheet
Balance Sheet consist of:
Assets = Liabilities + Equity
The Balance Sheet is a Life to Date (LTD) value. All values on this report will be calculated based on the Beginning Date of "01/01/0001" to an Ending Date specified on the Report filter. There are two exceptions to this:
29700 Current Income
25300 Retained Earnings
How does the Balance Sheet get its total for each account?
Current Income - is a Year to Date (YTD) value. It will be calculated, based on a Beginning date determined by the Fiscal Year (in Company Headings file) to the Ending Date specified on the Report filter.
Retained Earnings - is just a previous year's "Current Income". It will use a Beginning Date of 01/01/0001 and an Ending date of current Beginning Fiscal year - 1 day. We use this as the Ending Date, because we don't include the current "Current Income" in the Retained Earnings total.
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