How to Create a QuickBooks Balance Sheet
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Creating a balance sheet in QuickBooks is a straightforward exercise that enables users to track the financial health of their business. The first step is to log in to your QuickBooks account and navigate to the Reports section. Under Reports, you select "Balance Sheet." QuickBooks draws information from your chart of accounts to provide a view of assets, liabilities, and equity as of a specific date. Customize the report by selecting the date range and accounting basis, cash or accrual. You may also wish to change display options, such as showing subaccounts or comparing periods. Review the balance sheet once satisfied to verify that all assets equal the sum of liabilities and equity. Afterward, save the report or print it, or export it for sharing with stakeholders or to keep for your records. Performing a QuickBooks balance sheet offers time efficiency, accuracy, and insight into your company's financial position.