A balance sheet report summarizes the assets, liabilities, and owner's equity for a business at any point in time. This report allows you to assess the liquidity of a business, which is important to potential investors and creditors. As with most reports, you can customize the balance sheet report to meet your business needs. We will show you how to generate the report and customize it in this section.
Follow these steps to customize and generate a balance sheet report:
- Navigate to Reports in the left menu bar, as shown in the following screenshot:
- Scroll down to the business overview section and select Balance Sheet, as shown in the following screenshot:
As you can see, there are several different types of balance sheet reports you can run in QuickBooks Online. The balance sheet comparison report, balance sheet detail report, and the...