Q1. What is a balance sheet?
The balance sheet is a financial statement that provides a snapshot of your organization's financial position at a specific point in time. It lists the company's assets, liabilities, and equity to show the net worth of the organization.
The balance sheet is crucial for assessing the company's financial stability and liquidity. Stakeholders use it to evaluate how well resources are being managed and the financial strength of the business.
Q2. How can I customize the date range for the balance sheet?
You can change the date using the date selector or use the predefined date ranges.
Q3. What currency is the balance sheet in?
By default, the balance sheet will display values in your organization's base currency.
You can change the display currency of the balance sheet to other currencies that have been set up in your organization. For more information about setting up other currencies, refer to Accounting.
Q4. How can I see the exchange rates being used in calculations?
At the bottom of the page, click on See All Rates.
You will be shown a list of all exchange rates used to convert foreign currency transactions back to the organization's base currency.
Other information include the date of the exchange rate, as well as the rate type.
Q5. Can I download the balance sheet?
Yes, you can download the balance sheet.
See below for an example of the downloaded file.
