Report: Balance sheet

updated 10 months ago

  1. Log in to http://app.simplebks.com   

  2. On the left navigation menu, click on Reports

  1. Go to Advanced report> Balance Sheet> View reports

  1. Overview of the Balance Sheet Statement

  • Currents Assets>This includes physical currency, bank account balances, and highly liquid investments that can be easily converted into cash, such as Cash on hand, Cash at the bank.

  • Fixed Assets> A fixed asset is a long-term tangible asset held by a business for use in its operations and not intended for sale. Fixed assets are also known as Land, Machinery, and Equipment, Inventory is essential for conducting business activities.

  • Liabilities> A liability represents an amount owed by the business to another party, typically as a result of a past transaction or event. It could be in the form of Borrowings, Purchase credits, or Settlement/ Repayment.

  • Equity> Equity is the residual interest in the assets of a business after deducting its liabilities. It represents the ownership claim on the business assets by its shareholders, such as Capital, Retained earnings, Current earnings, and Withdrawal.

  1. Click on Export> To export your Statement of Balance Sheet in a CSV format, it will be automatically downloaded for you in CSV.

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