Balance sheet
The balance sheet (Financial Position in Simple mode) shows what the business owns, owes and is worth on a chosen date.
Sections
Section titled “Sections”- Assets — cash and bank, accounts receivable (1100), VAT receivable, fixed assets and any asset accounts you added.
- Liabilities — accounts payable (2000), VAT payable, reverse-charge VAT payable and other liabilities.
- Equity — owner’s capital, opening balance equity, and retained earnings, which OneBooks reconstructs live as all profit to date, so it is right even before you run a year-end close.
The banner confirms Assets = Liabilities + Equity. If it ever reports “not balanced”, a manual entry is unbalanced or a period needs review — contact support.
Reading it
Section titled “Reading it”- Set As of to any date; the report shows the position at the end of that day.
- Receivables and payables here are the control-account totals; the per-customer and per-supplier detail is in the aging reports, and the two always agree.
- Tax accounts show what you currently owe or can reclaim; the tax report explains the movement.