Creating a Balance Sheet report

Use the Balance Sheet report to produce a balance sheet for the current year. A balance sheet shows the business’s financial position at a certain point in time.

To display a Balance Sheet report:

1. Select Report Console from the Reports menu. The report console opens.
2. Select Financial from the menu panel on the left, and then select Balance Sheet.
3. Select Summary – hide detail in subaccounts or Detail – show detail in subaccounts.
4. Select the report Style:
5. Select the Depreciation rate: None, Maximum or User. It will be used to calculate the amount of depreciation reported for each. Note: You can set up the maximum and user depreciation rates by selecting CCA/Depreciation from the Setup menu.
6. Click Generate.      

Last updated on July 2, 2013 by FCC AgExpert