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Balance sheet

A report that summarizes the financial position of a business. A balance sheet shows the value of your company's assets, liabilities, and equity as of a particular day. It is called a balance sheet because the value of the assets is always exactly equal to the combined value of the liabilities and equity.

QuickBooks offers four different preset balance sheet reports. You'll find these reports under Company & Financial on the Report Center or Reports menu.

See also

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