Balance Sheet (New version)

What is a Balance Sheet?

A balance sheet is a financial statement that shows what a company owns and owes at a specific point in time. It lists the company's:

• Assets: What the company owns (e.g., cash, equipment, inventory).
• Liabilities: What the company owes (e.g., loans, accounts payable).
• Owner’s Equity: The owner’s share of the company (e.g., capital invested, retained earnings).

The key rule is that the total of Assets must equal the total of Liabilities plus Owner’s Equity. In other words, everything the company owns is financed either by borrowing money or by using its own funds.

Purpose：

• 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.
  
  1. Navigate to Accounting> View report
  
  2. In accounting will find the report - Balance Sheet.
  
  3. Choose a specific date you wish to view the balance sheets report.
  
  
  4. The data will be displayed before the specific date, and the user can analyze and evaluate the report. 
  
  5. In addition, the company can export or print this report, by clicking "3 dots"