Balance Sheet
View your organization's financial position — assets, liabilities, and equity at a specific point in time.
Balance Sheet
The Balance Sheet is a snapshot of your organization's financial position at a specific date. It answers the question: what does your organization own (assets) and what does it owe (liabilities and equity)?
Navigate to Ledger → Reports → Balance Sheet.
The Accounting Equation
A balance sheet always satisfies:
Assets = Liabilities + EquityIf your books are in balance, total assets will equal total liabilities plus equity. The report shows a Balanced indicator — green when the equation holds, red when it doesn't.
Report Structure
Assets
All asset accounts from your chart of accounts. Default seeded assets:
- Cash (
CASH-DEFAULT) - Bank Account (
BANK-DEFAULT) - Accounts Receivable (
AR-DEFAULT) - Stripe Clearing Account (
STRIPE-CLEARING) - Payment Gateway Clearing (
GATEWAY-CLEARING) - Prepaid Expenses (
PREPAID-DEFAULT)
Total Assets
Liabilities
All liability accounts:
- Accounts Payable (
AP-DEFAULT) - Wallet Liability Pool (
WALLET-POOL) plus per-walletWALLET-{uuid}accounts - Driver Earnings Payable (
DRIVER-PAYABLE) - Customer Credit Liability (
CUSTOMER-CREDIT) - Tax Payable (
TAX-PAYABLE) - Stripe Fees Payable (
STRIPE-FEES-PAYABLE) - Deferred Revenue (
DEFERRED-REVENUE)
Total Liabilities
Equity
All equity accounts. Default seeded equity:
- Owner's Equity (
EQUITY-DEFAULT) - Retained Earnings (
RETAINED-EARNINGS)
Net income for the current period is reflected in the income statement, not as a discrete equity account.
Total Equity
Verification
The report also shows the combined total of liabilities and equity for direct comparison:
Total Assets = Total Liabilities + Total EquityIf these do not match, there is an accounting error — missing journal entries or an unbalanced entry.
Setting the Report Date
Navigate to Ledger → Reports → Balance Sheet.
Set the As of Date — the balance sheet reflects account balances at end of that date.
Click Generate.
The default is today.
What Wallet Liabilities Mean
The Wallet Liability Pool plus the auto-created per-wallet liability accounts (WALLET-{wallet_uuid}) represent the total balance owed to all wallet holders. They increase when wallets are credited and decrease when payouts are made. On the balance sheet, this appears as a liability — your organization owes this amount to its wallet holders.