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What is a balance sheet and how do I create one?

A Balance Sheet is one of the major financial statements you’ll produce to report the condition of your business. It’s a report that you’ll use for lots of different reasons, like when you go to get a loan, when you’re trying to find investors, or when you’re filing your taxes. 

The Balance Sheet reports Assets (things you own that have value), Liabilities (amounts you owe), and Owners Equity (a measure of your business worth). It pulls information from all across your account, according to the categories and accounts you set up (and/or the ZipBooks default categories).

To generate a Balance Sheet:

  1. Log in to ZipBooks and click Reports on the left side of your screen.
  2. Click on Balance Sheet, also on the left.
  3. Above the Balance Sheet, choose the date (as of what date do you need the report to reflect information); choose All-Time, Yearly, or Monthly; and then choose Accrual or Cash basis.
  4. Click the blue Generate button.

There you have it! If you need to print, right click on the report and choose Print.

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