How to Generate Balance Sheet

The Balance Sheet, also known as the Statement of Financial Position, provides a snapshot of your organisation's financial health at a specific point in time by listing all assets, liabilities and equity. This fundamental accounting report demonstrates what the business owns (assets), what it owes (liabilities) and the residual value belonging to owners (equity), embodying the fundamental accounting equation that assets must equal liabilities plus equity.

Exacc generates Balance Sheets that automatically categorise accounts into current and non-current classifications, enabling users to assess liquidity, solvency and financial flexibility. Current assets and liabilities (those expected to be converted to cash or settled within one year) are presented separately from long-term items, allowing stakeholders to evaluate the organisation's ability to meet short-term obligations whilst understanding the composition of long-term investments and financing.

Regular Balance Sheet analysis reveals important financial trends including changes in working capital, debt-to-equity ratios and asset composition over time. By comparing Balance Sheets from different periods, business owners and financial managers can identify whether the organisation is accumulating or depleting assets, increasing or reducing debt levels and building or eroding equity through retained profits or losses from operations.

Ready to generate your Balance Sheet? Follow the steps below to select the report date, configure display options, apply filters and produce professional financial position statements for lenders, investors or internal management analysis.