The Balance Sheet report

The balance sheet is a management report that shows the worth of your business at a point in time. The report details the company's assets and liabilities based on the chart of accounts selected. Let's run it now.

The Balance Sheet report

This report shows your assets and liabilities. Its figures are generated from the period values of each nominal code record included in the chart of accounts you use.

 

To run the Balance Sheet report, follow these steps:

1. On the navigation bar click Nominal codes, then click Balance sheet.
2. Select Preview then click Run.
3. Select the required period and chart of accounts, then click OK.

 EXAMPLE: The below image shows an example Balance Sheet report:

Common questions

Understand Year to Date values

The year to date value on this report is the cumulative total of the transactions in the balance sheet area since the last time you ran your financial year end routine in Sage 50 Accounts. This may differ from the period you are running your report for. 

Are there other Balance Sheet reports available?

There are many Additional Balance Sheet Reports throughout the program that include information such as budgets and departments.

Can I change the nominal codes included in the report?

The nominal codes, ranges and names are picked up from The Chart of Accounts. When you modify this, your changes appear on the report.

Can I run the Balance Sheet report for a new financial year? 

If you haven't completed your year end in Sage Accounts, you can continue processing into the new year. Run the Transactional Balance Sheet report to see your current year figures. Use our handy Additional Balance Sheet Reports guide to run the Transactional Balance Sheet.

Can I run the Balance Sheet report for a historical date range? 

You can run the Balance Sheet report for any date range by using the Transactional Balance Sheet report. Use our handy Additional Balance Sheet Reports guide to run the Transactional Balance Sheet.

What are the figures in brackets on my report?

The figures in brackets represent a negative value.

Why does my balance sheet not balance?

When your balance sheet doesn't balance, this is due to an incomplete chart of accounts, or data corruption. Use our handy Why does my balance sheet not balance? guide to check and resolve this.