REPORTS

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REPORTS

 BALANCE SHEET
TRIAL BALANCE

PROFIT & LOSS ACCOUNT

BALANCE SHEET
The balance sheet is an important financial report that is mainly used to show, what the business is worth at any point. 
A standard company balance sheet has three parts, assets, liabilities and ownership equity or capital.

ASSETS
Asset is a business source for any particular company or a business firm and it can be classified into the following two categories. 

1. Fixed Assets: These types of asset's value does not change during a particular time period.
Examples: Building, Machinery, Furniture, etc.

2. Current assets: These types of asset's value can be changed at any time.
Examples: Cash book, Bank book, Inventory/Stock items.

LIABILITIES
Liabilities are the burden on our company or firm, just like Capital A/c, Creditor, Loan received, etc.




BALANCE SHEET CONFIGURATION
We can change the default balance configuration by using the F12 key.

1. Show Vertical Balance Sheet: This option is used to turn on/off the vertical view of the balance sheet.

2. Show Percentages: This option is used to show % sign with every amount value.

3. Method of showing Balance Sheet: This option is used to change Liabilities / Assets direction.



EXPORT BALANCE SHEET IN PDF FORMAT
We can export complete balance sheet in a PDF file and like balance sheet, we can also export other reports in PDF file by following the below steps.

1. Open the balance sheet report.

2. Click on Export or press "Alt + E" key.

3. Enter 'Export Location' and 'Y' or 'Enter' key.

Note: By default export location set to C:\Program Files/Tally.ERP9 but we can change it.




TRIAL BALANCE

Trial balance is an important report that shows all the ledger's balance at any time. 
However, the debit balances are entered in one column and the credit balances are entered in another column.

Actually, the trial balance is mostly used to know about ...
The total amount of Fixed assets, Current assets, 
Total amount liabilities, Indirect income, expenses and so on. 


STEPS FOR TRIAL BALANCE

1. Open your company.

2. Click on "Display"

3. Click on ""Trial balance"






PROFIT & LOSS ACCOUNT

The Profit and Loss account shows what net profit or loss your business has made within a particular accounting period after deducting all expenditures from income. 

The profit is earned when the total number of expense is less than total income and earn loss if the total expense is greater than total profit. 

In profit and loss account report, Nett profit shows at the left side and Nett loss shows at the right of the report. 





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