Balance Sheet

This lists first of all your fixed assets (eg real estate) then your borrowings against those assets, giving the net value of your fixed assets.

Next it lists your current assets (eg furniture, automobile, investments, Bank balances etc), then any money you currently owe (eg Charge accounts, Bank overdrafts etc), giving the net value of your current assets.

The Balance Sheet then shows the net total of all your assets, and then breaks this down into what you had at the beginning of the year (Capital), how much this has increased or decreased since then (Surplus or Deficit), and any amounts that you know that you will have to pay out in the future (Reserves).

An example of a reserve would be amounts that you may have deducted from your income that you know you will have to pay later in taxes.

The push button functions let you display any account directly, select summary or detail level display and select the currency and display period.