BALANCE SHEET

BALANCE SHEET

The balance sheet is an important financial report that is mainly used to show, what the business is worth at any point. 

A standard company balance sheet has three parts, assets, liabilities and ownership equity or capital.

ASSETS
Asset is a business source for any particular company or a business firm and it can be classified into the following two categories. 

1. Fixed Assets: These types of asset's value does not change during a particular time period.
Examples: Building, Machinery, Furniture, etc.

2. Current assets: These types of asset's value can be changed at any time.
Examples: Cash book, Bank book, Inventory/Stock items.

LIABILITIES
Liabilities are the burden on our company or firm, just like Capital A/c, Creditor, Loan received, etc.

BALANCE SHEET CONFIGURATION

We can change the default balance configuration by using the F12 key.

1. Show Vertical Balance Sheet: This option is used to turn on/off the vertical view of the balance sheet.

2. Show Percentages: This option is used to show % sign with every amount value.

3. Method of showing Balance Sheet: This option is used to change Liabilities / Assets direction.

EXPORT BALANCE SHEET IN PDF FORMAT

We can export complete balance sheet in a PDF file and like balance sheet, we can also export other reports in PDF file by following the below steps.

1. Open the balance sheet report.

2. Click on Export or press "Alt + E" key.

3. Enter 'Export Location' and 'Y' or 'Enter' key.

Note: By default export location set to C:\Program Files/Tally.ERP9 but we can change it.