Balance sheet

A Balance Sheet provides a snapshot of your company’s financial position—showing Assets, Liabilities, and Equity at a specific point in time. In the CGIC App (built on ERPNext), you can generate a Balance Sheet with flexible date filters, company selection, and cost-center breakout.

Prerequisites

Setup;

• All ledger accounts classified correctly under Assets, Liabilities, or Equity in Accounts > Chart of Accounts
• All relevant transactions (Sales, Purchases, Journal Entries, Stock Valuation) submitted
• Cost Centers created (optional) under Accounts > Cost Center

1.0 Navigate to the Balance Sheet Report

1. From the home page, click Accounts > Reports > Balance Sheet.
2. The Balance Sheet form appears with default filters.

1.1 Configure Report Parameters

• Company: Select your legal entity (e.g., Charisma Industrial)
• As On Date: Choose the date you want the snapshot (e.g., 2025-05-28)
• Fiscal Year: (Optional) pick a fiscal year to limit included entries
• Cost Center: (Optional) filter to a department or project

2.0 Generate the Report

1. Click Run (or Refresh).
2. The report displays three sections:
   1. Assets – Current and Fixed Assets subtotal
   2. Liabilities – Current and Long-Term Liabilities subtotal
   3. Equity – Owner’s equity, retained earnings, and net assets
3. Net Assets = Assets − Liabilities is shown at the bottom to confirm balancing.

3.0 Drill Down & Analyze

• Expand / Collapse: Click arrows next to each category to view individual ledger accounts.
• Comparative View: Check Show Previous Year to compare balances side-by-side.
• Export / Print: Use Download to export CSV/PDF or click the print icon for a formatted printout.