HelpreportsStatement of Financial Position (Balance Sheet)
Statement of Financial Position (Balance Sheet)
A snapshot of your assets, liabilities, and equity on a specific date.
beginner· 1 view· Updated 7/18/2026
The Statement of Financial Position, commonly known as the Balance Sheet, provides a snapshot of your financial standing at a specific point in time. It follows the equation: Assets = Liabilities + Equity.
Categories:
- Current Assets: Includes cash, receivables, and inventory.
- Non-current Assets: Covers fixed assets and long-term investments.
- Current Liabilities: Consists of payables and short-term loans.
- Non-current Liabilities: Encompasses long-term loans and obligations.
- Equity: Represents owner contributions and retained earnings.
To view this report, go to Reports in the sidebar and select Statement of Financial Position. Use date chips like This Month or Last Year to customise your view.
Step-by-step
- 1Access Reports
Go to Reports in the sidebar.
- 2Select Statement
Choose Statement of Financial Position from the list.
- 3Set Date Range
Use the date chips to select your desired time frame.
Try 'This Month' or 'Last Year' for quick views.
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