Company Balance Sheet

The Company Balance Sheet is current as of the last time you closed a period.

Select Financials - Company - Balance Sheet

The Balance Sheet uses year to date values from the Company Chart of Accounts for assets (10000-19999) and liability (20000-24999) accounts. The current income is calculated by adding general ledger numbers for sales (3xxxx) plus income (4xxxx) less taxes (5xxxx) less expenses (71xxx-99999) and is reflected on the Balance Sheet as current income. Equity general ledger accounts are 25000-29999.

Balance Sheet consist of:

Assets = Liabilities + Equity

The last close report reflects your position as of the last closing. However, the preliminary report is for a period not yet closed and uses records in the Transaction file to calculate year to date values.

The Balance Sheet reads the year to date balance in the Company Chart of Accounts. Assets consisting of general ledger number's 10xxx -19999 and are reflected on the Balance Sheet. Year to date values are read for liabilities and equity from the Company Chart of Accounts for general ledger numbers 21000 - 29999. The P & L for the company is posted to current income, general ledger number 29700 on the Balance Sheet.

The Preliminary Balance Sheet reads the period ending transaction date specified from the Transaction file and year to date values from the Company Chart of Accounts last closed period to to calculate new values for the Preliminary Balance Sheet. The calculated values are erased after the preliminary report has been displayed or printed.

You can print multiple copies by increasing the number of copies on the print box.