Balance Sheet Summary

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The Balance Sheet Summary report shows a snapshot of the company's account balances as of the report date. The report date defaults to the current date but can be changed to any other date.

The Balance Sheet Summary has two main totals, Assets and Liabilities & Equity. Each of these is subtotaled into current and long-term portions. The following account types compose current and long-term categories:

CURRENT ASSETS	LONG-TERM ASSETS	CURRENT LIABILITIES	LONG-TERM LIABILITIES
Bank	Fixed Assets	Accounts Payable	Long-Term Liabilities
Accounts Receivable	Other Assets	Credit Cards
Inventory		Other Current Liabilities
Other current Assets

After current and long-term, the report is subtotaled by Account Type.

Drilldown, or the ability to take a closer look at the transactions that generated a part of the report and the original documents that generated the transactions is available.

See also Report Selection screen and Sample Report.