Review the Balance Sheet
Check the recorded financial position at a selected date.
Reviewed 9 October 2026
WHERE TO GO
Reports → Balance Sheet
Step by step
Choose the report’s as-of date.
Review assets, liabilities and equity.
Compare cash and bank with their own records at the same date.
Compare party balances and stock value with their supporting reports.
Investigate a difference using the relevant ledger before posting an adjustment.
What to check
- The position is supported by account activity and opening balances.
Things to know
- Use the same cutoff date for all comparisons.
- Do not change item purchase prices to force inventory value to match a target; inventory value follows stock costing.