> ## Documentation Index > Fetch the complete documentation index at: https://help.kwentra.com/llms.txt > Use this file to discover all available pages before exploring further. # Balance Sheet Report > Report Business Value: Balance Sheet is the financial statement of a hotel which includes assets, liabilities, equity capital at a point in time. Balance sheet includes assets in one tab, and liabi... #### **Report Business Value:** #### Balance Sheet is the financial statement of a hotel that includes assets, liabilities, equity capital at a point in time. #### Balance sheet includes assets in one tab, and liabilities on another tab. #### For the balance sheet to reflect the true picture, both heads (liabilities & assets) should be equal (Assets = Liabilities + Equity). #### A balance sheet is more like a snapshot of the financial position of a hotel at a specified time, usually calculated after every quarter, six months or one year. *Before you run the Balance Sheet Report, you need to make sure of the following points:* 1. All your Journal Vouchers are reviewed and posted properly. 2. All your transfers & usages are reviewed and submitted. 3. All your receiving orders are reviewed and submitted. **How it works?** **[Reports → BO → GL → Balance Sheet](https://manage.kwentra.com/reports/GL/Balance%20Sheet/)** 1. Select the month you would like to run the balance sheet for. 2. **Optional:** choose whether to show the accounts with zero balance or no. 3. **Optional:** choose to present last year's numbers for comparison purposes. 4. Choose the **Export** option you desire i.e., Excel "XLS / XLSX / ODS" or PDF. **Report Column Outcome:** This report is divided into 2 tabs, the first one is for **assets** the other is for **liabilities & equity.** **Assets Tab:** Asset accounts are grouped as per the group they are under in your chart of accounts i.e. Fixed assets, current assets, stores etc. At the end of each **Accounts Group** is the total for all accounts under it. * **First Column:** reflects all accounts from your chart of accounts with the type **Assets.** * **Current:** Shows the balance of each account for the month you are running the report on. * **YTD:** shows the balance of each account from the start of the year till the month you are running the report on. At the end of the table, there will be a total to sum up **Total Assets.** **Liabilities Tab:** Liabilities and Equity accounts are grouped according to the group they fall under in your chart of accounts, i.e., Taxes, Trade Payable, etc. At the end of each **Accounts Group** is the total for all accounts under it. * **First Column:** Reflects all accounts for your chart of accounts, categorized by types of **Liabilities & Equity.** * **Current:** Shows the balance of each account for the month you are running the report on. * **YTD:** shows the balance of each account from the start of the year till the month you are running the report on. At the end of the table, there will be a total for summing up **Total Liabilities.** *N.B.: The default currency for this report would follow the base currency of your system; currency conversion would happen automatically if needed.* ## ***Update: 21st of August, 2025*** View your balance sheet using either the Georgian or Hijri calendar, with date and period calculations fully aligned. #### **How It Works** * A new **Calendar** parameter appears if Hijri support is enabled for your instance. * **Calendar:** * Dropdown menu with: • Georgian (ميلادي) • Hijri (هجري) * **Date Parameter:** * Month chooser works with the selected calendar, allowing you to pick the month based on either calendar. * **Calculations:** * All period-based calculations (“Current” = closing balance for the selected month - previous month) are performed using the calendar you selected. * If you select “Hijri”, all cut-off dates, months, and periods use Hijri logic. #### **Example** * If you select August 1447 in the Hijri calendar, the report compares balances between this month and the previous Hijri month for all main accounts. * The “Current” column will be calculated as: Closing Balance (Hijri August 1447) - Closing Balance (Hijri July 1447)