accpac simply accounting 9.0 Benutzerhandbuch

Part 5:  Developing Your Business 

24–4    Simply Accounting 

 

SW9UG 24-27.doc, printed on 1/8/02, at 4:14 PM. Last saved on 1/6/02 11:59 AM. 

(equity). The balance sheet can be summarized in the following 
formula: 

Assets = Liabilities + Equity 

This formula is commonly re-arranged to look like the following: 

Equity = Assets - Liabilities 

Unlike the income statement, which looks at profitability, the 
balance sheet gives you a snapshot of your company’s resources 
on a particular day. 

You can compare balance sheets from the previous and current 
year, just as you can with income statements. 

1.  In the Home window, from the Reports menu, choose 

Financials, and then Balance Sheet. 

The sample balance sheet was created using these options: 

 

Looking at your assets — the things you own — can help you to 
determine how liquid your company is. Do you have too much 
or too little inventory on hand? How about cash? Are most of 
your assets located in long-term items, like vehicles or buildings, 
meaning that you can’t readily convert your assets into cash? 

You might want to pay special attention to your receivable 
accounts, which indicate how much money you are owed.