The Balance Sheet, also known as the Financial Position Statement, is a financial report that provides a snapshot of your business's financial health at a specific point in time. It analyzes your business from three perspectives: assets, liabilities, and equity. This helps you:
Understand your business’s financial health.
Evaluate its ability to meet obligations.
Monitor and reduce costs for greater profitability and informed financial decisions.
Through Rewaa, you can generate and print the balance sheet for any desired time period.
ℹ️ Rewaa's accounting system automatically updates the chart of accounts and records journal entries accurately, enabling seamless financial reporting.
Accessing the Balance Sheet Report
Navigate to: Reports > Finance > Balance Sheet.
Select the desired time period.
The report will display account names on the left and their total balances on the right.
Understanding the Report
The report is structured to show:
Account balances based on recorded entries (manual or automated).
Subaccounts arranged according to the chart of accounts, starting with Assets.
Key Features:
Subaccounts under each category display their individual and total balances.
Aggregates are displayed at the bottom of each category.
Example: If you have two branches (Khobar and Riyadh):
Each branch displays its accounts (e.g., sales registers) and total balances.
The total cash across all branches is displayed at the bottom.
Indicators:
Rows showing totals are highlighted in gray.
Numbers in parentheses indicate negative balances (debits).
The total balance is calculated as positive balances minus negative balances.
Sections:
Assets: Displays all asset accounts and their total balances.
Liabilities: Displays all liability accounts and their total balances.
Equity: Displays equity accounts and their total balances.
At the bottom, you’ll find:
Total Assets.
Total Liabilities + Equity.
Exporting the Balance Sheet
Click Export (top-left of the screen).
Choose your preferred format: PDF or Excel.
The file will be downloaded to your device.
Printing the Balance Sheet
Select Export > PDF File.
Set the destination to your printer.
Click Print.
FAQs
1. Why isn’t the Balance Sheet Report visible in my account?
The Balance Sheet appears only after installing the Accounting Module in Rewaa.
2. What does “Issued Capital” mean in the Balance Sheet?
This refers to the total value of shares issued to shareholders. It is influenced when products are added to inventory.
3. Why isn’t an account showing up in the Balance Sheet?
Accounts only appear if there are recorded entries (manual or automated) during the selected time period.
4. What is the purpose of the “Filter” option next to the date field?
The Filter is used to refine results by Cost Centers:
Click Filter.
Select the desired cost center.
Click Apply to view the filtered results.