Balance Sheet

English Template (6) (1).pngThe Balance Sheet is the report that provides an accurate snapshot of your company’s financial standing at a specific point in time.

 

In Wafeq, this statement is automatically updated based on all your accounting entries. It clearly presents what the company owns (Assets), what it owes (Liabilities), and the Owner’s Equity value.

 

In this guide, we will go step by step through how to use the Balance Sheet report, understand its components, and interpret its results.

 

Why Is the Balance Sheet Important?

The Balance Sheet helps you:

  • Determine the company’s financial position: It shows the total value of what the company owns and owes, providing an accurate snapshot of the net equity position.

  • Evaluate liquidity and solvency: It allows you to assess whether the company’s available assets are sufficient to cover its short-term and long-term liabilities.

  • Track asset growth and investments: It helps you understand how the company’s assets evolve over time and how efficiently its resources are being utilized.

  • Analyze capital structure: It reveals the company’s reliance on equity versus debt financing, supporting better strategic decisions on borrowing or capital increases.

  • Measure financial performance over time: By comparing balance sheets from different periods, you can evaluate whether the company’s financial position is improving or weakening.

  • Enhance transparency and trust: Having an accurate, up-to-date balance sheet strengthens the company’s credibility with investors, banks, and regulatory bodies.

 


Viewing and Understanding the Balance Sheet in Wafeq

To view the Balance Sheet report, go to the "Reports" section in the main menu, then select "Balance Sheet" under the "Financial Reports" category.

Note: You can pin the Balance Sheet if you use it frequently, making it easier to access quickly. For more information, refer to this guide:

Reports Interface

 

 

The Balance Sheet in Wafeq displays the complete financial position of your company at a specific date, as shown at the top of the report (in this example, as of August 1, 2026).

 

The report is automatically divided into three main sections: Assets, Liabilities, and Equity, allowing you to trace how your company’s resources are funded and allocated with precision.

 

It typically begins with Assets, where cash and bank balances are displayed at the top, followed by current assets such as accounts receivable, inventory, and prepaid expenses. This structure helps you quickly assess the company’s liquidity and available operational resources.

 

Next, the report presents Liabilities, representing what the company owes to suppliers and other parties, followed by Equity, which reflects the company’s net value after deducting liabilities from assets.

 

 

 

Tracking Data Trends Across Time Periods

Sparklines displayed alongside each line item in the "Balance Sheet Report" provide a clear visual representation of how values change across the selected time periods, making it easier to identify trends, increases, and decreases at a glance.

Hover over a sparkline to view the value for each specific time period in more detail.
 

 

Actions and Options

From the top of the report, you can perform several actions, such as:

  • Selecting the currency in which the report is displayed.

  • ِAdd Filter by branch, project.

  • Exporting the report in PDF or Excel format.

Please note that the report’s columns are fixed and cannot be modified or hidden, as they contain essential financial information required for accurate reporting.

 

 

Comparison Options in Balance Sheet Report

Using the Comparison Options in Profit and Loss reports, you can control how data is displayed and compared with previous periods, as well as define the time unit, the order in which periods are displayed, and the level of detail included in the report.

Show % Change

You can choose how the percentage change is displayed:

  1. Don't Show: Do not display the percentage change.
  2. Month-over-Month: Show the percentage change compared to the previous month.
  3. Quarter-over-Quarter: Show the percentage change compared to the previous quarter.
  4. Year-over-Year: Show the percentage change compared to the same period in the previous year.

  • Period Unit

You can select the time unit used for the comparison:

  1. Month: Display and compare data on a monthly basis.
  2. Quarter: Display and compare data on a quarterly basis.
  3. Year: Display and compare data on a yearly basis.

  • Date direction

You can choose how the time periods are arranged in the report:

  1. Oldest to Newest.
  2. Newest to Oldest.

  • Number of Years

You can select the number of years you want to display and compare, with the following options:

  1. 1 year.
  2. 2 years.
  3. 3 years.
  4. 4 years.
  5. 5 years.

  • Breakdown

You can select the level of detail you want to display:

  1. No Breakdown.
  2. By Branch.
  3. By Cost Center.
  4. By Project.

Once the data is displayed, Wafeq allows you to view it in two ways: either by Parent Accounts only, or by Parent and Sub-Accounts.

 

 

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