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Balance Sheet

The Balance Sheet (Reports > Financial Statements > Balance Sheet, /accounts/balance-sheet) provides a snapshot of your business's overall financial position on a specific date.

What is this?​

The Balance Sheet summarizes what your business owns (Assets) and what your business owes (Liabilities & Capital), verifying the fundamental accounting equation (Total Assets = Liabilities + Capital).

When should I use it?​

Accountants and business owners generate the Balance Sheet at the end of a month, quarter, or financial year for tax, audit, and bank financing purposes.

How to use it​

  1. Open Reports (/reports) and select Balance Sheet under Financial Statements (/accounts/balance-sheet).
  2. Select the Financial Year or As Of Date and click Apply Filters.
  3. Review the top validation banner (Sheet Balanced) and the three KPI cards (Total Assets, Total Liabilities, and Closing Capital).
  4. Inspect the Liabilities & Capital column on the left and the Assets column on the right.
  5. Click Export CSV or Print to download or print the statement.

Balance Sheet

Sections explained​

Liabilities & Capital​

Represents the sources of your business's funds and obligations owed to others:

  • Capital Accounts: Shows Opening Capital, adds Current Period Net Profit (from the Profit & Loss statement), and computes Closing Capital.
  • Current Liabilities:
    • Farmer & Supplier Payables: Net payable balances owed to Farmers and Suppliers.
    • Loans & Borrowings: Outstanding business loans.
    • Tax / GST Payable: Net tax liabilities owed to the government.
    • Other Liabilities: System charge liabilities such as Dhanka (SYS-LIAB-DHANKA) and Tulai (SYS-LIAB-TULAI).

Assets​

Represents the resources owned by your business:

  • Fixed Assets: Displays Gross Cost, Less: Accumulated Depreciation, and Net Book Value.
  • Current Assets:
    • Inventory Stock (Closing): Financial value of your current physical godown inventory.
    • Buyer Receivables: Net amounts owed to your business by Buyers/Parties.
    • Cash in Hand: Closing physical cash balance.
    • Bank Account Balances: Net book balances across your business bank accounts.
    • Other Assets: Advances or miscellaneous current assets.