The Balance Sheet is a report on the status of the financial affairs of a company at a given date. To view Balance Sheet:
| 1. | Go to Gateway of Tally > Balance Sheet |
| 2. | Press F12: Configuration and set the required parameters to display the Balance Sheet according to your preferences. |
Note: Balance Sheet gets updated instantly with every transaction voucher that is entered and saved.
Horizontal Form of Balance Sheet
The Balance Sheet screen is displayed in the Horizontal form. See it in a Vertical form by activating Show Vertical Balance Sheet to Yes in F12: Configuration.
Extract information from the Balance sheet using options available in the Button Bar.
| 1. | Select F1: - Detailed/Condensed to explode the summarized information. |
| 2. | Change the date of the Balance Sheet using F2: Period. |
| 3. | Add up new columns and |
| · | Display a Balance Sheet for a different date to compare with current one |
| · | Display the Balance Sheet in a different currency |
| · | Display Budget figures and analyse the variances or |
| · | See the effect of different Stock Valuations on the Balance Sheet. |
More:
Integrate Accounts with Inventory