Balance Sheet is a Financial statement reports to summarizing what your company assets, liabilities, equity with Income statement.
What is Balance Sheet:
Balance sheet provides valuable and beneficial information about monetary and goodwill potential of the any company. Balance sheet gives you a snapshot of your company’s resources profitability on a specific day, month, year. Accountants generate Balance Sheet reports based on your company financial history.
Know Balance Sheet:
Steps to View To view a Balance Sheet Report.
Open the Report center
Open Balance sheet report by name
Click on Display
If you are using Sage 50 accounting, getting an error “Sage 50 Balance Sheet Out of Balance“.
Fix SAGE 50 Balance Sheet Out of Balance:
First Verify the Corrupted Transaction Errors
Click on report → Forms → General Ledger
Change Time frame
Data verification finished → Check balance sheet
Second, Balance not matched- Match now
Go to general balance option
Click on OK
Go integrity checks, click on continue
Hit on general ledger
Check balance match or not