Balance sheet
Assets, equity and liabilities at a reporting date, in the structure of § 266 HGB.
Open Finance, Reports, Balance sheet. The report shows two sides, Assets and Equity and liabilities, as of the end date of the selected period. German companies see the structure of § 266 HGB; companies in other countries see their national layout. The net income of the year that is not closed yet appears in equity.
Who can use this
- Owner
- Admin
- Accountant
- Viewer
Steps
1. Choose the date
Set the period. The balance sheet is calculated as of the end date.
2. Compare
Choose Previous year (one year earlier) or Previous period (the day before the start date). The comparison date is shown above the report.
3. Check the balance
The flag shows "Balanced" when assets equal equity and liabilities, otherwise "Not balanced".
4. Drill down
Click a line to see the accounts behind it, and click an account to open its ledger.
Fields and options
- Item
The balance sheet line.
- Amount
The value at the reporting date.
- Comparison and Variance
Shown when a comparison is selected.
Good to know
- A negative bank balance is moved to liabilities. Netting of VAT receivables and payables is not done.
Related
- Profit and loss
Income, expenses and the result of a period, using the nature of expense method.
- Reports: overview, filters and exports
Open financial reports, filter them, compare periods, drill down and export them as PDF, Excel or CSV.