Create A Balance Sheet

This article is intended for users who want to gain an understanding of how to use Balance Sheets.

Prior to creating a Balance Sheet, it is recommended you read Introduction to Balance Sheets to gain introduction level of understanding of concepts in Balance Sheets and initial setup.

Create A Balance Sheet

Once you have configured your bank accounts, setup your trading stock control and setup your asset register you can then produce a balance sheet.

Balance Sheet Categories

The following are the headings under which balance sheet items will be listed and are not user-definable. Select which in the category each item belongs.

  • Buildings.
  • Fixtures & Fittings.
  • Goodwill.
  • Intangibles.
  • Land.
  • Livestock.
  • Motor Vehicles.
  • Other.
  • Plant & Equipment.
  • Property.
  • Trading Stock.

Balance Sheet

The Balance Sheet Report sources information from:

  1. Asset Register:
    • Asset register values at the cost.
    • Asset register depreciation to date.
    • Asset register liabilities (if selected).
  2. Trading Stock total current.
  3. Cash (bank accounts in credit marked as Working).
  4. Short term debt (bank accounts in debit marked as Working).
  5. Long term debt (bank accounts marked as Term Loan).
  6. Accounts receivable from invoicing (Basic and Enhanced).
  7. Accounts payable (EFTs, Cheques, etc).
  8. GST owed or owing.
  9. PAYG liability.
  10. Instalment Tax liability.

Owners’ equity will be calculated as total assets less total liabilities.


To create the Balance Sheet

  1. Start at the Home Page.
  2. Click Cashbook.
  3. Click Report.
  4. Click Accounting Reports.
  5. Click Balance Sheet.
  6. Select the month.
  7. Click the green tick.

Below is an example of what a balance sheet looks like in Agrimaster:


Continue To: Balance Sheet Terms & Definitions



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