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What's included in the balance sheet report?

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Summary

Understand the balance sheet in Sage Accounting. This report provides a snapshot of your financial position by summarising its assets, liabilities, and equity.

Description

The Balance Sheet, also known as the Statement of Financial Position, provides a snapshot of your business's financial health. It shows:

  • Assets – What your business owns
  • Liabilities – What your business owes
  • Equity – The remaining value for shareholders

This report helps assess liquidity, financial stability, and investment potential.

The balance sheet follows a fundamental equation:

Assets = Liabilities + Equity

This ensures that everything your business owns (assets) is either financed by debt (liabilities) or by the business owners and shareholders (equity).


What’s included in the report

Expand any of the following categories to learn more: