Overview

A balance sheet is a snapshot of a company's accounts at a single point in time. It provides a statement of the assets, liabilities, and equity of an organisation.

The balance sheet gives interested parties an idea of the company's financial position, in addition to displaying what the company owns and owes.

📘
Balance sheet or profit and loss report?
A profit and loss report summarises the total revenue, expenses, and profit or loss during a specified time period. A balance sheet report shows the financial position of a company at a specific moment in time.

Structure of this report
This report will reflect the structure and line descriptions that the business has set in their own accounting platform.

Want to pull this in a standardised structure?
Our Enhanced Financials endpoints provide the same report under standardized headings, allowing you to pull it in the same format for all of your business customers.

Data model

Field	Type	Description
currency	string See currency	Currency of the balance sheet.
reports		An array of BalanceSheet reports.
mostRecentAvailableMonth	string	Most recent available monthly report data
earliestAvailableMonth	string	Earliest available monthly report data

Balance sheet reports

Field	Type	Description
date	string	Point in time when a snapshot of a company's financial position is taken.
assets		ReportLines for assets. For example, fixed and current assets.
liabilities		ReportLines for liabilities. For example, current liabilities.
netAssets	decimal	Value of net assets for a company in their base currency.
equity		ReportLines for equities. For example, retained and current year earnings. See below.

Report line

Field	Type	Description
accountId	string	Reference for an account in the accounting platform. This is unique to the company.
name	string	Name of the account in the accounting platform.
value	decimal	Balance of the account in the accounting platform.
items		An array of ReportLine items.

Example data

{
  "currency": "string",
  "reports": [
        {
            "date": "2018-02-28T00:00:00",
            "assets": {
              "accountId": null,
              "name": "Assets",
              "value": 24106.5,
              "items": [
                {
                  "accountId": null,
                  "name": "Fixed Assets",
                  "value": 2583.33,
                  "items": [
                    {
                      "accountId": null,
                      "name": "Office Equipment",
                      "value": 3569,
                      "items": []
                    },
                    {
                      "accountId": null,
                      "name": "Computer Equipment",
                      "value": -985.67,
                      "items": []
                    }
                  ]
                },
                {
                  "accountId": null,
                  "name": "Current Assets",
                  "value": 21523.17,
                  "items": [
                    {
                      "accountId": null,
                      "name": "Accounts Receivable",
                      "value": 11417.63,
                      "items": []
                    },
                    {
                      "accountId": null,
                      "name": "Bank",
                      "value": 10105.54,
                      "items": [
                        {
                          "accountId": null,
                          "name": "Business Bank Account",
                          "value": 10105.54,
                          "items": []
                        }
                      ]
                    }
                  ]
                }
              ]
            },
            "liabilities": {
              "accountId": null,
              "name": "Liabilities",
              "value": 13054.83,
              "items": [
                {
                  "accountId": null,
                  "name": "Current Liabilities",
                  "value": 13054.83,
                  "items": [
                    {
                      "accountId": null,
                      "name": "VAT",
                      "value": 1444.62,
                      "items": []
                    },
                    {
                      "accountId": null,
                      "name": "Rounding",
                      "value": 0.02,
                      "items": []
                    },
                    {
                      "accountId": null,
                      "name": "Historical Adjustment",
                      "value": 4130.98,
                      "items": []
                    },
                    {
                      "accountId": null,
                      "name": "Accounts Payable",
                      "value": 7479.21,
                      "items": []
                    }
                  ]
                }
              ]
            },
            "netAssets": 11051.67,
            "equity": {
              "accountId": null,
              "name": "Equity",
              "value": 11051.67,
              "items": [
                {
                  "accountId": null,
                  "name": "Retained Earnings",
                  "value": 650.01,
                  "items": []
                },
                {
                  "accountId": null,
                  "name": "Current Year Earnings",
                  "value": 10401.66,
                  "items": []
                }
              ]
            }
        }  
    ],
  "mostRecentAvailableMonth": "2019-03-25T11:25:05.572Z",
  "earliestAvailableMonth": "2019-03-25T11:25:05.572Z"
}

Overview

📘Balance sheet or profit and loss report?

Data model

Balance sheet reports

Report line

Example data

📘
Balance sheet or profit and loss report?