What you own, and what you owe
Assets, liabilities and capital for the dates you choose.
- Assets and liabilities
- Starts from your fiscal year
- Built from your vouchers
What is inside
Your position, on one page
Choose the dates and read it.
Assets
What the business owns, such as cash, bank and dues.
Liabilities
What the business owes, such as suppliers and VAT.
Capital
What the owners have put in, and the result so far.
Your dates
Choose the dates. It starts from your fiscal year.
Shrawan fiscal year
Years follow the Shrawan fiscal year, with dates in BS.
From the same entries
It reads the vouchers behind your other reports.
How it works
Read it in three steps
Most people run it at the end of a month or a year.
- 1
Open the balance sheet
Find it under the Accounting reports.
- 2
Choose the dates
Use your fiscal year, or pick your own dates.
- 3
Check both sides
Assets should equal liabilities plus capital.
A sample report
Two sides, one answer
What you own on one side, what funds it on the other.
Assets
Cash, bank and what customers owe you.
Liabilities
What you owe suppliers, and tax due.
Capital
Owners' funds and the result so far.
| Item | Amount |
|---|---|
| Cash and bank | 9,75,000 |
| Customers | 2,26,000 |
| Total assets | 12,01,000 |
| Suppliers | 3,10,000 |
| VAT payable | 48,000 |
| Capital | 5,00,000 |
| Profit this year | 3,43,000 |
| Total liabilities and capital | 12,01,000 |
Sample figures, not a real company. Amounts in rupees.
Common questions
Questions about balance sheet
Short answers.
Which dates does it cover?
You choose the dates. It starts from your fiscal year.
Does it use the same entries as the trial balance?
Yes. Both read the vouchers your team has recorded.
Where does the profit figure come from?
From your income and expenses, as in the profit and loss.
See Hexabooks with your own numbers
Tell us a bit about your business and we will set up a walkthrough.