Balance sheet

The balance sheet shows what your business owns (assets), what it owes (liabilities), and the residual value belonging to the owners (equity) at a specific point in time.

Accessing the balance sheet

Navigate to Reports > Balance Sheet. By default, the report shows your financial position as of today.

How to read the report

The balance sheet is divided into three sections:

Assets

Everything your business owns or is owed:

• Current assets — Cash in bank accounts, accounts receivable (money customers owe you), and other short-term assets.
• Fixed assets — Equipment, property, and other long-term assets.

Liabilities

Everything your business owes:

• Current liabilities — Accounts payable (money you owe suppliers), VAT payable, short-term loans.
• Long-term liabilities — Loans and obligations due beyond one year.

Equity

The owner's stake in the business:

• Share capital — Money invested by owners.
• Retained earnings — Accumulated profits (or losses) from previous periods.
• Current period earnings — Profit or loss for the current accounting period.

The fundamental equation always holds: Assets = Liabilities + Equity.

Selecting a date

Use the date picker to view your financial position at any historical date. This is useful for:

• Month-end reporting — Check your position at the end of each month.
• Year-end close — Generate the balance sheet for your fiscal year end.
• Comparative analysis — Compare positions across different dates.

Multi-currency display

If your organization operates in multiple currencies, balances are shown separately per currency. Financica does not apply foreign exchange conversion on the balance sheet — you see exact amounts in their original currencies.

Drilling down

Click any account line on the balance sheet to navigate to that account's detail page, where you can see the individual transactions that make up the balance.

Printing

Use the settings menu (gear icon) in the report header to open the print view. This renders the balance sheet in a print-optimized layout with your organization name and logo, then opens your browser's print dialog. You can print to paper or save as PDF using your browser's built-in "Save as PDF" option.

Tips for accountants

• Run the balance sheet at month-end before starting the close process to spot any anomalies.
• Compare the bank account balances on the balance sheet with your actual bank statements to catch discrepancies.
• Use the equity section to verify that retained earnings roll forward correctly from the prior period.