Prerequisites
Setup;
Setup;
- All ledger accounts classified correctly under Assets, Liabilities, or Equity in
Accounts > Chart of Accounts - All relevant transactions (Sales, Purchases, Journal Entries, Stock Valuation) submitted
- Cost Centers created (optional) under
Accounts > Cost Center
1.0 Navigate to the Balance Sheet Report
- From the home page, click
Accounts > Reports > Balance Sheet. - The Balance Sheet form appears with default filters.
1.1 Configure Report Parameters
- Company: Select your legal entity (e.g., Charisma Industrial)
- As On Date: Choose the date you want the snapshot (e.g., 2025-05-28)
- Fiscal Year: (Optional) pick a fiscal year to limit included entries
- Cost Center: (Optional) filter to a department or project
2.0 Generate the Report
- Click Run (or Refresh).
- The report displays three sections:
- Assets – Current and Fixed Assets subtotal
- Liabilities – Current and Long-Term Liabilities subtotal
- Equity – Owner’s equity, retained earnings, and net assets
- Net Assets = Assets − Liabilities is shown at the bottom to confirm balancing.
3.0 Drill Down & Analyze
- Expand / Collapse: Click arrows next to each category to view individual ledger accounts.
- Comparative View: Check Show Previous Year to compare balances side-by-side.
- Export / Print: Use Download to export CSV/PDF or click the print icon for a formatted printout.