Check the balance sheet
Assets, liabilities and equity as of a date, with a check that the balance sheet balances.
Before you start
- Report access.
- The opening balance sheet is published, see the tutorial Enter the opening balance sheet.
Steps
Step 1: Open the Balance Sheet and choose the date
In the report hub, open Balance Sheet and fill in As of date. The default is today.
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The Balance Sheet report with the As of date field.
Step 2: Choose a comparison
In Comparison, choose Previous month-end, Previous quarter-end, Previous year-end, Same date last year or Custom comparison. Click Apply filters.
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The balance sheet comparison options with the Apply filters button.
Step 3: Check the accounting integrity
The Accounting integrity card must show Controls passed with the Accounting equation balanced. Then read the Assets and Liabilities & Equity panels.
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The Accounting integrity card with Controls passed and the Assets and Liabilities & Equity panels.
Step 4: Export the balance sheet
Click Export and choose CSV, Excel or PDF.
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The balance sheet Export menu with CSV, Excel and PDF.
When you are done
- The balance sheet can be exported to CSV, Excel or PDF.
- Click an account's amount to open its detail in the general ledger.
Common problems
Accounting integrity shows Controls failed
Assets don't equal liabilities and equity. Check for opening balances that are not published, then contact the Finday team if it still differs.
A message asks for a comparison date
A custom comparison needs a comparison date. Fill it in, or choose another comparison.
Something still unclear?
Ask us on WhatsApp. The Finday team replies during office hours and can walk you through it in your own account.