SECTION 6.4.4 - BALANCE SHEET
USAGE: To report on the value of the company, incorporating all assets and liabilities.
DISCUSSION: When you enter this program, the following questions will appear:
USE LONG FORMAT REPORT If you are using wide stationery, reply Y, otherwise reply N. This question will only be displayed if the relevant option is set to A, see SECTION 6.1.2.
FOR YEAR You must choose which year you wish to report on. Enter L for last-year, T for this year or N for next-year.
FOR PERIOD Having chosen a year (above) you may now chose the accounting period. If you have chosen the YTD option, this period will represent the high limit of report. If you are printing the single period option, this field will define the actual period reported on.
To start the report, press <Enter> through each field or simply press <F10>.
The report itself will detail the account description, last-year’s and this-year’s balances. There are several totals and breaks inserted into the report based on the chart of accounts.