A Balance sheet consolidated report shows assets, liabilities, and equity at a specific point in time for all specified properties. A consolidated report merges data from multiple properties into a single report.
Also called
- Statement of financial position
Sample reports
Other report formats are available and can be generated in the software.
When to use it
Use this report to see a snapshot of a property's financial standing at a given point in time. This report is especially useful when a rental owner wants to see all of their entire portfolio's financial position in a single report.
Generating this report
- Go to the Reports menu
. - Click the Balance Sheet Consolidated link.
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Select your report parameters. More details:
Parameter What it means Properties Select a single property, association or rental owner, or a group of properties, associations or rental owners, using the filter box. You can also select all properties.
As of Controls the date for which the report will be run. This report will include all data in your account until this selected as of date.
Accounting basis Cash basis reports display data when money changes hands. Accrual basis reports display data for the period in which the transaction originally happened.
Include inactive properties Financials from inactive properties will affect the balances on the report.
Report format Choose from PDF, legacy PDF, XLS, XLSX, or CSV.
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Click Download report.
Miscellaneous
- Total Assets will always match your total Equity plus total Liabilities (Assets = Equity + Liability).
- The balance sheet shows bank account totals as of a certain date. This number should tie to the running balance on a bank register. If it doesn't, there is probably money associated with an inactive property.
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