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September 5, 2020
Question

I WANT ASK ABOUT BALANCE SHEET

  • September 5, 2020
  • 1 reply
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1 reply

September 5, 2020

Hello there, deepak-solarpowe.

 

Let me provide some information about the Balance Sheet report in QuickBooks Online.

 

The report displays total assets equal to the combined amount of liabilities plus equity. It helps you determine the state of the company's finances at the moment by running this report within your QBO account. Here's how:

 

  1. Go to Reports on the left panel.
  2. In the search box, enter Balance Sheet.
  3. Click the Customise button if you want to exclude or include other columns and details. Note: it's important to set the correct dates to make sure that we'll get the right data according to our desired period.
  4. Then, hit the Run report button.

Here's the sample screenshot for additional reference:

 

Also, if you compare the Balance Sheet report to other reports in QBO, you may notice that this report doesn't match to what other reports generate. For the complete details and thorough explanation of the factors why it happened, I would recommend checking this article: What is The Difference Between a Balance Sheet and Other Reports?

 

If you have a specific question about the Balance Sheet report, please don't hesitate to let me know by commenting below. Take care and have a good one!