Understand your financial situation through the balance sheet

Balance Sheet is a statement consisting of a table or financial statement that includes accounts of assets, liabilities, and equity.

#Benefits of the Balance Sheet

1. Analyze the financial situation of your business from three different perspectives (assets, liabilities, and equity).

2. Evaluate your business's ability to meet financial obligations.

3. Assist in making accurate financial decisions based on the financial position.

ℹ️ Note: The accounting system in Rewaa automatically updates the chart of accounts and records daily entries accurately for use in issuing financial statements.

#Accessing the Balance Sheet

1. Go to Reports > Financial > Balance Sheet.

2. Click on the report to view details.

3. Select the desired date; balances will be displayed from the start of your system use until the date you specified.

4. Choose the location.

5. The data appears directly according to the selected options.

#Filtering Search Results

You can filter search results when adding cost centers:

1. Click on "Filter."

2. Select the cost center.

3. Click on "Apply."

4. Results appear according to the specified cost center.

ℹ️ If you haven't added cost centers, a window (No cost centers added) will appear.

To learn how to add a cost center, click here.

How to Read the Balance Sheet

1. The list starts with assets, then liabilities, followed by equity.

2. The account name appears on the right side of the list and the account balance (total) on the left side.

3. Sub-accounts are displayed according to their order in the tree under the main accounts.

4. The total balance appears under each group of accounts, then the total for the account as a whole.

   💡 Example: You have two branches (Dammam, Riyadh), you added one cash register in the Dammam branch, and two in Riyadh. The accounts appear as follows:

   1. Account name.

   2. First branch, the added register and available balance, total balance.

   3. Second branch, all added registers, balance for each register, total balance for the registers.

   4. Total cash in the register for all branches.

   ℹ️ The row dedicated to the total is gray.

   ℹ️ If the number is in parentheses, it means the balance is negative (debit).

   ℹ️ To know the total: the positive total balance is calculated, then the negative total balance is subtracted.

5. At the end of the list appears:

   • Net income for the period: Net profit and loss for the period, automatically transferred to equity when the financial period is closed.

   • Total assets.

   • Total liabilities + total equity.

#Exporting the Report

1. Click on "Export":

   • To export the report to an Excel file, choose: Excel File.

   • To export the report to a PDF file, choose: PDF File.

2. The file is downloaded to your device.

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#Frequently Asked Questions

1. Why doesn't the balance sheet appear in the reports? The balance sheet appears when the accounting application is installed. Make sure the application is installed on your account.

2. What is meant by issued capital in the balance sheet? It is the total value of shares issued by the company to shareholders. This balance is affected when products are added to the platform.

3. One of the accounts does not appear in the balance sheet, why? Accounts that have entries recorded during the specified period only appear.

4. What is the benefit of the filter option next to the date? It is used to filter results according to cost centers.

5. Do manual and daily entries reflect on the balance sheet?

   Yes, all entries are reflected on the balance sheet, whether they are manual or automated entries.

6. Can I print the balance sheet from the platform?

   You cannot print the balance sheet directly from the platform, but you can print it after exporting it to an Excel or PDF file.