What this does
Shows the financial position of your business at a specific date — what you own, what you owe, and what's left over.
When to use it
Review at year end, before a funding round, or when a bank asks for financial statements.
Step by step
- Go to Reports → Balance Sheet
- Set the As At date
- Click Run Report
- Assets are shown first, then liabilities, then equity
- Assets must equal Liabilities + Equity — if they don't, check your opening balances