xBoox

Review the Balance Sheet

Review Assets, Liabilities, and Equity at a period end, or compare two period-end snapshots.

Review Assets, Liabilities, and Equity at a selected period end.

Steps

  1. Open Reports > Balance Sheet.
  2. Choose a Report Period. Presets show read-only From and To dates;

choose Custom Range to edit them, then select Apply. Editing a partial date does not reload the report. The Balance Sheet remains a snapshot as of the To date. From defines the profit period shown in Equity.

  1. Expand Assets, Current Assets, Non-current Assets, Liabilities, Credit Cards,

Equity, and other groups to review their accounts and subtotals.

  1. Select an account row to open its Transaction Report for the current

Balance Sheet period. It shows Transaction date, Transaction type, Account Name, Item split account, Amount, and running Balance, including the balance brought into the selected period and the account total. Transaction dates use the same unambiguous YYYY-MM-DD format as Bank Transactions. Select any column heading to sort ascending or descending. The report shows 25 rows per page by default and also offers 50 or 100 rows per page with Previous and Next controls, so a large account history is not rendered as one oversized table. A saved account opening balance that becomes effective on or before the selected To date is included in the brought-forward amount so the detail ending balance reconciles to the Balance Sheet. Retained Earnings (or Owner's Equity for a sole proprietor) also includes profit carried from earlier periods in its brought-forward amount. Select a transaction row to continue to its source detail. Expense and Income rows load the selected record on demand and open the existing transaction drawer, including older records outside the current Expenses or Income list. A Bank Transaction source allows Category, Tax, Note, Tags, and attachment corrections while imported bank facts remain locked under the existing permissions. Journal Entry rows open the posted Journal Entry detail, and Transfer rows locate the record in Transfer History. The Balance Sheet back action restores the same Report Period, From, and To values used before opening the Transaction Report.

  1. Confirm that the report balances according to the displayed accounting presentation.
  2. Use Export CSV or Print when required.

If a Transaction Report cannot load, xBoox displays the shared system error dialog and leaves a Try again action on the report. Include the displayed Reference ID when requesting support; internal error codes and technical stack details are not shown in the report.

Current Period Net Income is a calculated summary, not a Chart of Accounts row, so it does not open as one account. Review its supporting activity in Profit and Loss instead.

How to read it

  • Assets represent resources and eligible account balances.
  • Liabilities represent amounts owed.
  • Equity represents owner or shareholder interest and applicable accumulated results.
  • Current Period Net Income connects the Profit and Loss activity between From

and To to Equity.

Posted Journal Entry lines affect applicable Balance Sheet accounts. A posted reversal offsets the original entry while preserving history.

Balance Sheet uses the same completed-transaction and Journal Entry ledger as General Ledger and Trial Balance. Unmatched raw bank rows do not become account balances. Inactive accounts with historical balances remain visible, and an opening balance is paired with Opening Balance Equity.

Important boundaries

  • Balance Sheet remains an as-of report. It is a cumulative snapshot through one

To date, not a total of activity between From and To. Profit before From is carried into Retained Earnings or Owner's Equity so the statement stays balanced.

  • Use Reports > Balance Sheet Comparison to compare the selected period end

with the matching previous period. It shows current, comparison, dollar change, and percentage change columns. Accounts that exist only in the previous snapshot remain visible with a zero current balance. Presets use the complete immediately preceding calendar or fiscal period. When the previous balance is zero, percentage change is shown as an em dash because there is no meaningful baseline.

  • Profit and Loss is different: it totals activity that occurred during its date range.
  • Reconcile verifies imported account rows against a statement; it is not replaced by viewing the Balance Sheet.
  • Missing or incorrect opening balances can affect the usefulness of account balances.
  • xBoox does not automatically create every depreciation, CCA, loan, or year-end adjustment.