Balance sheet

Your balance sheet gives information on your financial position at a particular point in time. This report shows you how much you own and how those assets were funded.

To view your balance sheet, go to Reports > Balance Sheet . Brightpearl automatically displays the balance sheet for today's date. Use the filters to view the balance sheet for a different date or for a specific department or project. You can view a balance sheet up to any date you wish. This will include all transactions in your system to date (since the start of the financial year).

The balance sheet format is fixed and can't be amended. If you'd like to manipulate the report you can export it to Excel.

Created date or tax date?

The balance sheet can be filtered to show results based on the journal created date or the journal tax date.

  • Created date (date entered)  is the date the journal was physically created, whether it was manually entered or created off the back of an action such as invoicing or entering a payment.
  • Tax date (transaction date)  is the effective date of the journal. This is when the journal has an accounting effect. The general ledger always shows journals listed with their posted date.

For example, an order might be invoiced on the 17th of the month, but the tax date of the invoice is the 2nd of the month. You can see the created and tax date within a journal:

Tax-created-date

 
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