Balance Sheet

The Balance Sheet Report shows information about balance sheet accounts. It is available to customers with the Plus and Premium subscriptions, with a QuickBooks integration. The Balance Sheet Report is presently in beta and must be activated by Martus Support.

Admin users and non-admin users with the Balance Sheet and Cash Flow Statement permissions can access the report in Dashboard > Financials.

• The default ending date is your Last Closed Month. You can change this ending date to run the report for different time periods. 
• You can choose to run the report for multiple years. If you do so, then you can also display a Difference column comparing the two final years.
• If you use an ending date that is not the last month in your fiscal year, every year’s column will show balances through that month.
• The report will include all accounts with balances. It will also include Inactive accounts with balances. Inactive accounts are tagged with “[I]” for easy identification.
• You can choose to show blank lines for accounts that are active but have no balance.
• The report is organized into sections for Assets, Liabilities and Equity. Within each section, accounts are summarized by account category. Balances for accounts that are not assigned to a account category will show under the category “[Blank]”.
• Use the “+” and “-” to expand or summarize any section or subsection of the report.
  
  

Additional Notes

• The QuickBooks Online (QBO) Balance Sheet Report always shows Net Income for YTD, so be sure Martus is synced for the entire year and run the balance sheet reports for an entire year.