Balance Sheet reports are supported with these related reports:
- Profit and Loss report
- Receivables reconciliation summary report
- Payables reconciliation summary report
Profit and Loss tie-out to Balance Sheet
- Run the Profit and Loss report for this year with a date range from January 1 until the date of your Balance sheet.
- The Net Profit on the Profit and Loss ;
- will balance to the Current Year Earnings at the end of your Balance Sheet.
Receivables reconciliation summary
- Run the Receivables reconciliation summary thru the date of your Balance sheet.
- The total amount at the bottom of the Receivables reconciliation summary ;
- will balance with the Accounts Receivable balance in the Asset section of your Balance Sheet.
Payables reconciliation summary
- Run the Payables reconciliation summary thru the date of your Balance sheet.
- The total amount at the bottom of the Payables reconciliation summary ;
- will balance to the Accounts Payable balance in the Liability section of your Balance Sheet.
