Generating balance sheet reports
A balance sheet report summarizes the assets, liabilities, and owner’s equity for a business at any point in time. This report allows you to assess the liquidity (access to cash or assets that can be quickly turned into cash) of a business, which is important to potential investors and creditors. As with most reports, you can customize the balance sheet report to meet your business needs. We will show you how to generate the report and customize it in this section.
Follow these steps to generate and customize a balance sheet report:
- Navigate to Reports in the left menu bar, as shown in Figure 11.6:
Figure 11.6: Navigating to the Report Center from the left menu bar
- Scroll down to the business overview section and select Balance Sheet, as shown in Figure 11.7:
Figure 11.7: Choosing the balance sheet report
- As you can see, there are several different types of balance sheet reports...
