A balance sheet is a statement showing the assets and liabilities of the business for a specific time period. This report displays each asset, liability, and capital account and their balances. An optional selection parameter allows you to include unapproved transactions.

 Note

As of version 6.5.4, running a Balance Sheet report for the prior year shows the Profit account value and the Retained Earnings account value after running the Fiscal Year Close. Instead of creating a journal entry for Period 12 for the Retained Earnings/Profit, the Profit/Loss for the year is now included in the Retained Earnings amount value in the Beginning Balance journal entry for the next year. With this change, if you run a balance sheet report for Period 12 on a closed year, the Profit account prints the Profit amount for that year. This only works for years closed after installing version 6.5.4, not for years that were closed prior.

Note

Before generating this report, you must have set up report formats.

1. From the eFinancials menu, select Reports—GL Reports—Balance Sheet.
2. Click Select EntitiesCompanies. Select the entitiescompanies for which you want to print the report and click Save.
3. From the Fiscal Year field, type the year for the report (for example, 2008).
4. From the Period field, type the period for the report (for example, 2).
5. From the Report Format drop-down list, select a format.
6. To include unapproved transactions on the report, select the Include Unapproved Transactions check box.
7. Select one of the following report printing options:
• PDF Format: Print the report in PDF format for use in a PDF viewer, such as Acrobat.
• Create Spreadsheet: Prints the report in an Excel spreadsheet.
8. Click Print. If you selected Create Spreadsheet, you are prompted to open or save the report Excel file. Otherwise, the report opens in PDF format.

 

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