Accounting
Balance sheet
The statement that shows what a company has and what it owes on a particular date.
It presents assets, liabilities, and equity and forms part of the annual accounts.
An example
The balance sheet at December 31 shows the balances with which the following year begins.
The typical mistake
Confusing it with the income statement. The balance sheet is a snapshot; the income statement covers a period.
How it appears in AndCompta
Generate it at any date in the structure of the Andorran chart. Each heading drills into its accounts and then into the underlying postings.
Where we explain it in depth
Related terms
This definition is general information, not tax or accounting advice. For your specific case, consult a professional and always check the official source.