You can use the Balance Sheet report to see your agency’s assets, liabilities, and capital throughout the year.
Applies to: Accountants, Accounting Assistants
This article explains how to use the Balance Sheet report to get an idea of your company’s assets, liabilities, and business capital.
You can find this report by going to the “Accounting” tab in the side navbar, then going to “Reports”, and then selecting “Balance Sheet” from the General tab
You can use this report to answer the following questions:
- What are the current assets, fixed assets and other assets of my agency?
- What are the current liabilities and long term liabilities of my agency?
- What is the equity of my agency?
You can use the Balance Sheet report to review your MGA’s assets, liabilities, and business capital.
- You can filter by division, and either by period or by day.
- The periods are snapshot period as of the final day of the Quarter
Once you click ‘Run Report’, the balance sheet for the selected time period will display on screen:
You can use the arrow buttons on the UI to display a more granular view of the accounts comprising the totals that are shown by default.
When you do so, the displayed individual account name hyperlinks to the account listing page for that specific account; you can also access the account listing page by clicking on the button on the far right hand side of the screen.
You can also download a CSV of the Balance Sheet you have generated on screen by clicking ‘Download CSV’.
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