Reading the Balance Sheet: assets, liabilities and equity

Reading the Balance Sheet: assets, liabilities and equity

The Balance Sheet is a snapshot of what your business owns and owes at a point in time. It answers "what is the company worth right now?" You'll find it under Finance → Balance Sheet. NexerIQ assembles it for you from your account balances, so there's no manual work — just pick a period and read.

The three sections

A balance sheet has three parts, and NexerIQ shows each in its own table:

  • Assets — what you own (cash, money owed to you, equipment).
  • Liabilities — what you owe (suppliers, loans, tax).
  • Equity — what's left for the owners once liabilities are subtracted from assets.

Each row shows the account Code, Name, and Balance in your company's base currency.

Reading it correctly

  1. Choose a month from the period picker in the top right.
  2. Check the summary tiles: Total Assets should equal Total Liabilities and Equity.
  3. When they match you'll see a green Balanced badge; a red Unbalanced badge means something needs attention.
  4. The Composition pie chart shows how assets, liabilities, and equity stack up against each other.

If it doesn't balance

  • An Unbalanced balance sheet usually traces back to a draft or unposted ledger entry — check Finance → Ledger Entries.
  • Running the Trial Balance first is a good way to catch the issue before it shows up here.

Tip: Use the balance sheet alongside the Profit & Loss — one shows performance over time, the other shows your financial position on a given day.

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