The Balance Sheet is one of your core financial reports. It shows what your business owns (assets), what it owes (liabilities), and what belongs to the owners (equity), all at a specific point in time. Adam makes it easy to generate this report and stay on top of your company’s financial health.
The Balance Sheet report is structured into a simple, easy-to-read table that breaks down your company’s financial standing into three core sections:
Assets: Everything your business owns, like cash, equipment, inventory, or property.
Liabilities: What your business owes, such as loans, bills, or outstanding payments.
Equity: What belongs to the owners after liabilities are subtracted from assets, including retained earnings and owner contributions.
You can interact with the report using built-in tools designed to help you analyze performance over time:
Date Filter: Choose any specific date to view your financial position at that point in time.
View Switcher: Toggle between monthly, quarterly, or yearly views to understand trends and seasonality.
Export Options: Download your report as a PDF or CSV for presentations, accounting, or audit purposes.
As soon as the report is created, Adam analyzes your balance sheet and surfaces insights at the top of the page:
A smart summary highlighting key financial changes (e.g., rise in total assets).
Warnings if there’s a financial imbalance, like liabilities exceeding assets.
Recommendations based on your current figures, helping you make informed business decisions.
This isn’t just about reading numbers, it’s about understanding what they mean and how they impact your financial health.