# Balance Sheet

<p class="doc-lead">Assets, liabilities, and equity as on a single date.</p>

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<p class="doc-toc-title">On this page</p>
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<a href="#/accounts/reports/balance-sheet?id=overview">Overview</a>
<a href="#/accounts/reports/balance-sheet?id=filters">Filters</a>
<a href="#/accounts/reports/balance-sheet?id=columns">Columns</a>
<a href="#/accounts/reports/balance-sheet?id=actions">Actions</a>
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<h2 id="overview">Overview</h2>

Go to <b>Accounts → Financial Statements → Balance Sheet</b>.

Report title in ERP: <b>Balance sheet</b>

<p><b>What it shows.</b> Hierarchical balance sheet: account and group names with closing balances. Includes current-period net profit in equity. Supports tree view, compact table, and expanded table layouts.</p>

<p><b>When to use it.</b> Use for statutory or management reporting at a point in time. Pair with Income Statement for the same period end.</p>

<p><b>How amounts are calculated.</b> Built from chart-of-accounts closing balances as of end of day. Customer and supplier sub-ledgers are excluded from this view. Net profit is pulled from the income statement through the report date and added to equity.</p>

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<h2 id="filters">Filters</h2>

Date (single date, not a range)

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<h2 id="columns">Output Columns</h2>

Hierarchical account/group names with closing balance column. Header shows company name, report title, as-on date, and currency (when applicable). May include Opening Balance Difference row.

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<h2 id="actions">Actions</h2>

<ul>
<li><b>Generate</b> — run the report for the selected date</li>
<li><b>Tree view</b> / <b>Table view</b> — switch layout</li>
<li><b>Expanded</b> — expanded table view</li>
<li><b>Export</b> — export to Excel</li>
<li><b>Print</b> — print the report</li>
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<h2 id="faq">FAQ</h2>
<p><b>What date is the snapshot?</b><br>As-of selected date using posted journal closing balances.</p>
<p><b>Why does BS not match Trial Balance?</b><br>BS groups accounts; totals should still balance. Check filters and branch.</p>
<p><b>Are P&amp;L accounts on BS?</b><br>Current-year P&amp;L may roll into equity/retained earnings per closing setup.</p>
<p><b>Can I export for auditors?</b><br>Yes — Excel export from report actions.</p>
<p><b>How often should I run it?</b><br>Monthly minimum; always at year-end after closing entry.</p>
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<h2 id="related">Related</h2>

<ul>
<li><a href="#/accounts/reports/financial-statements">Financial Statements</a></li>
<li><a href="#/accounts/reports/balance-sheet-advanced">Balance Sheet Advanced</a></li>
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