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Balance Sheet as Assets = Liability + Equity
Balance Sheet as Assets = Liability + Equity

Set up an Account tree to construct a US GAAP style Balance Sheet layout

Mick Devine avatar
Written by Mick Devine
Updated over a month ago

The default layout on Calxa Balance Sheet reports shows:

Asset - Liability = Net Assets = Equity

In some regions the preferred balance sheet layout shows Asset = Liability + Equity. In this help article we'll show you how to use an Account Tree to present your balance sheet with this layout.

  1. Create an Account Tree if you don't already have a custom one
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  2. See the following help material for details on next steps

    1. Account Tree: Create Structure

    2. Account Tree: Edit Structure
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  3. Create the Header structure as follows
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    1. Header = Assets (no running total)

    2. Header = Liabilities & Equity (no running total)

      1. Header = Liabilities

      2. Header = Equity
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  4. You can optionally add additional header accounts to create more levels​
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  5. To run your Balance Sheet Report, in the Reports > Builder screen, choose the new Account Tree to display your report in the new format

Account Tree selection
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