> For the complete documentation index, see [llms.txt](https://docs.kick.co/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.kick.co/reports/balance-sheet.md). # Balance Sheet A snapshot of what your business owns, what it owes, and what's left over. The Balance Sheet gives you a picture of your business's financial position at a specific point in time. Unlike the [P\&L](/reports/profit-and-loss.md) (which covers a period), the Balance Sheet is a snapshot - it answers the question: *what does my business look like right now?* Go to **Accounting** → **Balance Sheet**. *** ### What you're looking at The report is organized into three sections: * **Assets** - what the business owns: cash, accounts receivable, equipment, and other holdings * **Liabilities** - what the business owes: credit cards, loans, accounts payable * **Equity** - the net value of the business (assets minus liabilities), including your contributions, distributions, and retained earnings Assets always equal liabilities plus equity. If they don't, something is miscategorized - your accountant can help diagnose it. *** ### Change the date Use the date picker to view the balance sheet as of any date. Presets include end of month, quarter, and year. If you have multiple entities, use the entity dropdown to view a single business or all of them side by side. *** ### Drill into the numbers Click any account line to see the individual [transactions](/common-workflows/transactions.md) and [journal entries](/common-workflows/journal-entries.md) that make up that balance. This is useful if a number looks off and you want to understand what's driving it. *** ### Columns and comparisons Use the column selector to break the report down by month, quarter, year, or entity. Use **Compare** to show the prior period alongside the current one, with variance amounts or percentages. --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation by asking a question. Perform an HTTP GET request on the following URL with the `ask` and `goal` query parameters: ``` GET https://docs.kick.co/reports/balance-sheet.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is what the user is ultimately trying to achieve, the reason they need the answer. Sharing it helps GitBook give you a better, more relevant answer. A goal is most helpful when it describes the outcome the user wants rather than restating the question. For example, with `ask=how do I create an API token`, a goal like `automate deployments from our CI pipeline` lets GitBook tailor the answer to that use case. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.