Generate a Balance Sheet Report

The Balance Sheet, sometimes referred to as the Statement of Financial Position, is one of the core reports offered by ManageCasa, showing assets, liabilities and equity at a specific, fixed point in time for a property. 

This report is one of the fastest way to assess a given property’s financial standing at any given moment in time and helps with:

• Reviewing a property's financial position at a given moment
• Tracking assets, liabilities, and retained earnings
• Ensuring accurate financial reporting

How to Generate a Balance Sheet Report

1. Navigate to the Reports Module in ManageCasa.
2. Click on the Balance Sheet icon.

3. Enter the Rental Owner and Property for which you want to run the report.
4. Select the "As Of Date" to check financial data for a specific day.
5. Choose the Accounting Method: Cash or Accrual.
6. Click Run Report to generate the statement.

7. Once generated, you can:
   • Download the report as a PDF
   • Export it as a MS Excel file
   • Share it directly with the Rental Owner via ManageCasa

Key Accounting Concepts

• Assets = Equity + Liabilities – This is the fundamental accounting equation.
• Retained Earnings refer to income retained from previous periods that has not been distributed to rental owners.
• The retained earnings balance is calculated as:
  Total Income – Total Expenses ± Adjustments to Retained Earnings

Understanding these concepts ensures accurate financial reporting and helps in making data-driven property management decisions.

Why Use the Balance Sheet Report?

• Provides an instant overview of financial health.
• Helps track liabilities, equity, and retained earnings.
• Supports financial planning and decision-making for rental properties.

Example of a Balance Sheet report: