> ## Documentation Index
> Fetch the complete documentation index at: https://docs.thredfi.com/llms.txt
> Use this file to discover all available pages before exploring further.

# Balance Sheet

> Understanding the Balance Sheet report structure

## Overview

The **Balance Sheet** shows a business's financial position at a specific point in time. It follows the fundamental accounting equation:

```
Assets = Liabilities + Equity
```

***

## Report Structure

```
ASSETS
├── Non-Current Assets (fixed assets, long-term investments)
└── Current Assets (cash, receivables, inventory)
────────────────────────────────────────────────────
TOTAL ASSETS

LIABILITIES
├── Current Liabilities (payables, short-term debt)
└── Non-Current Liabilities (long-term debt)
────────────────────────────────────────────────────
TOTAL LIABILITIES

EQUITY
├── Share Capital
├── Share Premium
├── Reserves
└── Retained Earnings (includes current period P&L)
────────────────────────────────────────────────────
TOTAL EQUITY

NET ASSETS = Total Assets − Total Liabilities = Total Equity
```

***

## Summary Metrics

All values are in **cents** (divide by 100 for display).

| Field                                 | Description                                            |
| ------------------------------------- | ------------------------------------------------------ |
| `total_assets_cents`                  | Non-current + Current Assets                           |
| `total_non_current_assets_cents`      | Fixed assets, long-term investments                    |
| `total_current_assets_cents`          | Cash, receivables, inventory                           |
| `total_liabilities_cents`             | Current + Non-current Liabilities                      |
| `total_current_liabilities_cents`     | Payables, short-term debt                              |
| `total_non_current_liabilities_cents` | Long-term debt                                         |
| `total_equity_cents`                  | Share Capital + Premium + Reserves + Retained Earnings |
| `net_assets_cents`                    | Total Assets − Total Liabilities (equals Total Equity) |

***

## Detail Levels

<Tabs>
  <Tab title="Summary">
    Returns only the calculated totals.

    ```
    GET /v1/.../reports/balance-sheet/?as_of_date=2024-12-31&detail_level=summary
    ```
  </Tab>

  <Tab title="Detailed">
    Returns totals plus line item breakdown by account subtype.

    ```
    GET /v1/.../reports/balance-sheet/?as_of_date=2024-12-31&detail_level=detailed
    ```
  </Tab>
</Tabs>

***

## Retained Earnings

The Balance Sheet automatically includes:

* Historical retained earnings from `RETAINED_EARNINGS` accounts
* Current fiscal period Profit & Loss (calculated from revenue/expense accounts)

This ensures the Balance Sheet always balances without manual year-end closing entries.

***

## Example Response

```json theme={null}
{
  "business_id": "550e8400-e29b-41d4-a716-446655440000",
  "as_of_date": "2024-12-31",
  "currency": "GBP",
  "detail_level": "summary",
  "summary": {
    "total_assets_cents": 50000000,
    "total_non_current_assets_cents": 15000000,
    "total_current_assets_cents": 35000000,
    "total_liabilities_cents": 20000000,
    "total_current_liabilities_cents": 12000000,
    "total_non_current_liabilities_cents": 8000000,
    "total_equity_cents": 30000000,
    "net_assets_cents": 30000000
  }
}
```

***

## Related Endpoints

<CardGroup cols={2}>
  <Card title="Get Balance Sheet" icon="scale-balanced" href="/api-reference/reports/get-balance-sheet">
    Retrieve Balance Sheet as of a date
  </Card>

  <Card title="Get Profit & Loss Report" icon="chart-line" href="/api-reference/reports/get-profit-and-loss">
    Profit & Loss for retained earnings calculation
  </Card>
</CardGroup>