What is the use of a balance sheet?
The balance sheet mainly displays the company's assets, liabilities and owner's equity on a specific date, showing the company's financial status. The sum of assets will be equal to the sum of liabilities and owners' equity (debt + owner's equity = assets).
It is helpful for users to analyze and evaluate the economic ability, repayment ability, liquidity ability, and asset quality of the enterprise. In addition, the safety of business operations (including the ability to raise debts, the ability to repay long-term debts, and the degree of protection of creditors in the case of liquidation) can also be analyzed by reading this report.
Comparing the company's balance sheets in different periods can determine the development trend of the company's financial status. However, it is also possible to combine the financial status disclosed in the balance sheet with the information disclosed in the income statement and cash flow statement, which will help make a more accurate judgment on the overall financial status and operating conditions of the enterprise.
To use it, just follow these steps below：
Click “Accounting” > “Balance Sheet”。
By setting a specific date and click search.
The data will be displayed before the specific date, and the user can analyze and evaluate the report.
In addition, the company can export or print this report, by clicking "Action", There will be 3 options: Export (CSV), Export (Excel) and Print.