Balance sheet
A live balance sheet of assets, liabilities and equity — where each figure comes from, why retained earnings is the balancing figure, and how to set capital and loans.
Finance → Balance Sheet (/app/finance/balance-sheet) is a live snapshot — cash from the day book, receivables/payables from party ledgers, stock at FIFO cost, shown As of today in IST.
Tiles#
Total assets, Total liabilities and Total equity.
Assets#
| Line | Source |
|---|---|
| Cash in hand (day book) | The closing balance of the most recently closed day book |
| Accounts receivable | The sum of every customer's positive outstanding balance |
| Stock in trade (FIFO) | Stock on hand valued at FIFO cost — see Inventory valuation |
| Total assets | Sum of the above |
Liabilities & equity#
| Line | Source |
|---|---|
| Accounts payable | What you owe suppliers, from their ledgers |
| Loans | Entered under Finance → Opening balances |
| Paid-in capital | Entered under Finance → Opening balances |
| Reserves & surplus | Total of reserves added in Finance |
| Retained earnings | The balancing figure (below) |
| Less: Drawings | Total owner drawings |
| Total liabilities + equity | Always equal to total assets |
Why retained earnings balances the sheet#
The app does not keep a full double-entry journal. It measures what you have (cash, receivables, stock) and what you owe (payables, loans), and records the capital and reserves you enter. Retained earnings is whatever makes the two sides equal. If it looks wrong, the usual causes are a missing opening balance, unrecorded capital or loans, or stock costs that are out of date.
Download#
Download PDF exports the balance sheet as a CA-formatted PDF.
Related#
Last updated 15/09/2026