- EBMS Knowledge Base
- Financials
- Financial Reporting
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Client Resources
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EBMS Main Documentation
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Sales
- Customers
- Proposals
- Proposal Sets and Templates
- Sales Orders
- Sales Invoices
- Materials Lists
- Sales and Use Tax
- TaxJar
- Recurring Billing
- Customer Credits
- Customer Payments
- Card Processing and Koble Payments
- Gift Cards and Loyalty Cards
- Verifone Gateway and Point Devices
- Freight and Shipping
- General Ledger Transactions for Sales
- Point of Sale and XPress POS
- Point of Sale Hardware
- Salesperson Commissions
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Inventory
- Product Catalog
- Using Product Codes for No Count Items
- Product Pricing
- Special Pricing
- Tracking Inventory Counts
- Unit of Measure (UOM)
- Purchasing Stock
- Special Orders and Drop Shipped Items
- Receiving Product
- Barcodes and Inventory Scanners
- Components (BOM) and Accessories
- Component Formula Tool
- Made-to-Order Kitting
- Configure-to-Order Kitting
- Multiple Locations: Warehouses, Divisions, Departments
- Sync Product Catalogs between Companies
- Vendor Catalogs
- Serialized Items
- Lots
- Product Attributes
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Expenses
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Labor
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Financials
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Tasks and Work Orders
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Job Costing
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Manufacturing
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Rental
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Apps
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E-commerce
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EBMS Automotive
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EBMS Horticulture
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EBMS Metal Supply
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EBMS Fuel Sales
Balance Sheet
A balance sheet is a financial statement that reports the company's assets, liabilities, and equity balances for a given month and fiscal year. This financial statement provides a snapshot of what a company owns and owes, as well as the owner's investment. The balance sheet must always balance the assets with liabilities and equity (Assets = Liabilities + Equity + Net Income of the P&L statement).
The financial account grouping and labels are determined by the configuration of the Chart of Accounts. Review Chart of Accounts Folders for more details on configuration of groups or changing labels.
Open the balance sheet reports by selecting File > Reports from the main EBMS menu and then opening Financials > Balance Statements as shown below:
Select Balance Sheet for a typical comparison balance sheet at shown below:
Review the Balance Sheet 12 Month Comparison and Balance Sheet 8 Year Comparison for multiple period comparisons to determine trends.