Finance
Balance sheet
A balance sheet is a statement that shows a company’s assets, liabilities and equity at a specific date. It presents what the business owns and how those amounts are financed. It is a key part of financial accounting and an important basis for the annual financial statements. In SAP Business One, the balance sheet is derived from the balances in the general ledger and used for reporting, reconciliation and period-end activities, so at the close of an accounting period decision-makers can see how assets, debts and equity actually stand.
