General Ledger – Balance Sheet

One of the financial statements available in AccountMate is the Balance Sheet. This report provides information on the current financial standing of your company at a specific point in time showing the company’s assets, liability and equity account balances. This report helps you in assessing the financial condition of your company and also serves as a reference when evaluating various financial ratios.

You can select to generate this report for a single period only, period comparison (which may belong to the same or different fiscal year), 2-year (YTD) comparison or 3-year (YTD) comparison. You can also select either combined or consolidate options on how to display the balances in the report. You can opt to present in the report the account balances rounded off to whole numbers in hundreds, in thousands, in ten thousands, in hundred thousands, or in millions of the company’s reporting currency units. You can further opt to include in the report the GL Account IDs, zero balance accounts, decimals, and accounts without any activity. You may also choose to generate a consolidated report for all minor segments.