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Balance Sheet

The Balance Sheet in PrismERP provides a complete financial snapshot of your organization at a specific point in time.
It outlines your assets, liabilities, and capital (owner’s equity)—helping you evaluate financial health, solvency, and structural strength.

This essential report is generated automatically from real-time data across modules, ensuring accuracy and compliance with standards like IFRS and GAAP.

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Track Assets, Liabilities, and Equity with Accuracy and Confidence

What is a Balance Sheet?​

It lists everything the business owns, owes, and the owner’s stake, offering valuable insights for management, investors, and auditors.

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A structured financial statement that follows the core equation:
Assets = Liabilities + Owner’s Equity

Balance Sheet Includes​

  • Assets – Cash, inventory, receivables, fixed assets, other resources.
  • Liabilities – Accounts payable, loans, accrued expenses, obligations.
  • Owner’s Equity – Capital contributions, retained earnings, reserves, net worth.

Figures are shown with respective debit and credit balances for transparency.

Key Features​

  • Real-time data from GL, Fixed Assets, Payables, Receivables, Inventory.
  • Categorized view of current & non-current assets/liabilities.
  • Drill-down into transactions for analysis.
  • Export formats – PDF, Excel, CSV.
  • IFRS-Standard Structure – Grouped per IAS 1/IFRS.
  • Multi-Branch & Cost Center segmentation.

Steps to Use​

Step 1 – Select Date

Choose reporting date (end of month/quarter/year).

Step 2 – Apply Filters

Filter by branch, project, cost center.

Step 3 – Generate Report

View on screen or export to PDF, Excel, CSV.

Step 4 – Drill-Down

Explore journal entries, asset details, sub-ledgers.

Integrated With​

  • General Ledger
  • Fixed Asset
  • Accounts Receivable
  • Inventory
  • Current Assets
  • Bank & Cash Modules
  • Equity
  • Retained Earnings
  • Non-current Liability
  • Current Liability
  • Accounts Payable

Conclusion​

With PrismERP’s Balance Sheet, you gain a precise and real-time view of your company’s financial standing—empowering planning, growth, and compliance.

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Explore how PrismERP can power your financial reporting and business decisions.