Aser OneRead your balance sheet
What the business owns and what it owes, on the last day of a period.
On the computer, 7 steps
Guide 11 of 14 in Accounting
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Open the statement
In Accounting › Reports, click Balance sheet.
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Pick the date
Click Last month for the balance on its last day. Difference should be 0.
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What you own
Assets: cash, bank, M-Pesa, what customers owe, stock and equipment.
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What is yours
Equity: the capital put in and the profits kept.
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What you owe
Liabilities: suppliers to pay and VAT to pay.
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Open a line
Click Current Assets, then Trade receivables.
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See the detail
The ledger lists each invoice and payment behind the figure.
Next step
More guides
- 1Invite your accountantName and e-mail, and they get their sign-in details.
- 2Move your books inYour old journal, account by account, checked.
- 3Open your booksCheck the opening, then open the books.
- 4Add an accountA new account under the right parent.
- 5Classify a movementGive an untyped expense its account.
- 6Record a journal entryType the lines, check the balances, send.
- 7Lock a monthClose a finished month to any change.
- 8Reopen a monthAsk to reopen a locked month, then approve it.
- 9Check the VAT you oweThe figures for your monthly VAT return.
- 10Read your profit and lossIncome, expenses and profit, down to each line.
- 13See an account’s historyOne account, line by line, back to the sale or expense.
- 14See who owes youCustomers and suppliers, sorted by age.
- The Accounting appAccounting
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