All our Profit and Loss, Balance Sheet, Trial Balance, and Not For Profit Summary enquiries share the same screens and the same functionality for consistency purposes.
For more information on the layout and the functionality of the screen please refer to The Profit and Loss Summary Enquiry screen article.
The purpose of the balance sheet is to provide a snapshot of your company's financials position as at a specified point of time.
The treatment of a nominal account within the balance sheet as an asset or liability account is determined by the Major Heading assigned to each nominal account.
You can only see nominal accounts which are assigned to a balance sheet type major heading. These are major heading 7 to major heading 12.
As default, the Year and the Period on the Advanced Filter panel will default to the current year and the current working or open period in your database and you can remove any default filters and add in your own.
The Balance Sheet Summary Enquiry grid in more detail:
Field | Description |
Place value or Units |
|
Decimal place number |
Note: Only changes the view of the enquiry and does not pull through to the excel report. |
Saved Filters |
|
Cog  |
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The Balance Sheet Summary enquiry headings are as follows:
Headings | Description |
Fixed Assets |
|
Intangible Assets |
|
Current Assets |
|
Current Liabilities |
|
Total Assets Less Current Liabilities |
|
Long Terms Liabilities |
|
Net Assets |
|
Capital Employed |
|
Profit and Loss for Year |
|