Revision for “Balance Sheet” created on May 9, 2018 @ 14:03:42 [Autosave]
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The balance sheet is one of the core financial statements used by the accountants. Financial statement that summarises a company’s assets, liabilities and shareholder’s equity at a given point in time. It gives owners an idea as to what the company owns and owes.
To access Balance sheet, navigate to the Financial Management module and click the Balance sheet tab.
The report generated is based on the current fiscal year. This will display amounts till the present posted transaction.
You can use the filters and calendar tool to drill down the balance sheet and know the company’s financial position at any point in time or as opposed to a given period. The balance sheet is divided in to two columns, one is for assets and the other is for liabilities and stockholders’ equity. Fundamentally, the balance sheet must balance the total amount of assets with the total amount of liabilities and stockholders’ equity.
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The balance sheet is auto-calculated using the latest data from the company’s accounts, which means the balance sheet is created in real time. With Aqxolt ERP’s balance sheet, you don’t have to be a professional to do manual calculations. Whenever a transaction record is created, all the calculations and finance general entries are created automatically, eliminating errors in the balance sheet.
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View the data that matters to you by using the filters provided to you. You can import the balance sheet for the selected organisation and duration in PDF format by clicking “Download PDF”. To make good decisions by comparing financial data, click “Compare Financial Data”. Compare the data of your interest by using filter criteria and viewing the chart data annually, quarterly and monthly. View and download the tabular data by clicking “Download PDF” for the financial year.