Balance Sheet report
How to read assets, liabilities, equity, report periods, expandable rows, drill-ins, and downloads.
The Balance Sheet shows what the business has, owes, and owns at points in time. Use it differently than the Profit & Loss: it is about balances, not revenue and expense activity.
What the Balance Sheet is for
Use the Balance Sheet to review:
- Assets, such as bank, cash, payment processor, receivable, inventory, or equipment balances when those apply;
- Liabilities, such as credit cards, loans, payables, and other amounts owed;
- Equity, such as owner contributions, draws, retained earnings, and current-year income when those apply.
The exact rows you see depend on your accounts, data sources, and how Uplinq has reviewed the books.
Balance Sheet vs. Profit & Loss
The Profit & Loss explains what happened during a period: income, expenses, and profit or loss.
The Balance Sheet explains where the business stands at a point in time: what it has, what it owes, and the owner's remaining interest.
That is why the same transaction can affect both reports in different ways. For example, a loan payment may reduce a liability on the Balance Sheet.
Only the interest portion may appear as an expense on the Profit & Loss.
How to read it
- Open Balance Sheet.
- Confirm the company or entity.
- Set the Report Period.
- Choose the Frequency if you want to compare balances by weeks, months, quarters, or years.
- Expand account sections to see more detail.
- Click a number when it is clickable to review supporting transactions.
- Use the download icon if you need a copy of the report outside the app.
Some calculated or summary rows may not drill into transactions. If a balance looks wrong, send Uplinq the report name, period, account line, and what you expected.
Why balances may look off
Common causes include:
- a bank, credit card, or loan statement is missing;
- an opening balance or catch-up period is still being reviewed;
- a transfer, loan payment, or owner activity still needs context;
- a connected account is broken or stale;
- the selected period ends before the transaction you expected.
Before asking about a balance, check Home, My Projects, and Data Hub for open requests.