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Balance Sheet

Understand assets, liabilities, and equity to read a balance sheet and monitor financial health

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Balance Sheet

A balance sheet gives a financial picture of your company as of a specific date.

A balance sheet calculates how much your business is worth (your business's equity) by subtracting all the money your company owes (or its liabilities) from everything it owns (or its assets). Assets - Liability = Equity.

Run a Balance Sheet Report

  1. Click Reports in the navigation bar.
  2. Find and click the Balance Sheet report.
    Run a Balance Sheet Report
  3. (Optional) Change the Report period if needed.
    Run a Balance Sheet Report