> ## Documentation Index
> Fetch the complete documentation index at: https://cashflowy.ai/docs/llms.txt
> Use this file to discover all available pages before exploring further.

# Balance Sheet

> Understand your Balance Sheet report in Cashflowy - a snapshot of what your business owns and owes.

The Balance Sheet is a snapshot of your business's financial position **at a specific point in time**. It shows what you own (assets), what you owe (liabilities), and what's left over (equity).

## The fundamental equation

<Note>
  **Assets = Liabilities + Equity**

  This equation always balances. If it doesn't, something is miscategorized or a journal entry is needed.
</Note>

## What each section means

| Section         | What it shows                     | Examples                                      |
| --------------- | --------------------------------- | --------------------------------------------- |
| **Assets**      | What your business owns           | Bank accounts, accounts receivable, equipment |
| **Liabilities** | What your business owes           | Credit card balances, loans, accounts payable |
| **Equity**      | The owner's stake in the business | Owner contributions, retained earnings        |

## Running the report

1. Go to **Reports** → **Balance Sheet**
2. Select the **as-of date** (the point in time you want to see)
3. Click **Generate**

Unlike the P\&L which shows a period, the Balance Sheet shows a single point in time — "What does my business look like financially as of December 31?"

## Exporting

Click **Export** to download as PDF or CSV.

<Tip>
  **Compare balance sheets** across different dates to see how your business's financial position has changed over time. For example, compare January 1 vs. December 31 to see the year's progress.
</Tip>